Metallurgy news
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Steel demand will fall by 4.5% globallyThe World Steel Association (WSA) in its latest short-term forecast (SRO) released on October 14, contrary to the forecast from April 15, when it expected 3% year-on-year gain for China and 5.8% year-on-year growth for the whole world. “2021 is seeing a stronger-than-expected recovery in steel…
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Worldsteel Raises Asia Demand Forecasts Despite CovidLast week, the World Steel Association raised its forecasts for demand in East and Southeast Asia, excluding China, in its short-term forecast last week. The recovery in demand in developing Asia continues despite the continued presence of Covid-19. In Japan, worldsteel notes that demand continues…
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China's September Daily Steel Production - Lowest Since December 2018China's daily crude steel production fell to its lowest level since December 2018 in September as power outages across much of the country and environmental restrictions slowed down operations. The world's largest steel producer produced 73.75 million tonnes of metal last month, up from 83.24…
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Worldsteel alarmed by weak recovery in auto industryIn its latest Short Term Review (SRO), the World Steel Association (worldsteel) said the global auto industry has recovered significantly from an initial Covid-19 lockdown last year, but there are several factors such as supply chain disruptions and interference. limiting further growth. Edwin…
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Ukraine ends investigation into cable importThe Interdepartmental Commission on International Trade of Ukraine announced that it has decided to cancel the tariffs set on April 23, 2021, to end the investigation of protective measures against cable imports and will not impose protective measures on the goods in question. Due to the fact that…
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US may reach agreement on steel tariffs with EU as early as late OctoberAccording to market news, the US government has applied a new tariff quota proposal for the EU, and both are tending to address the issue of tariffs on steel products that were started by the Trump administration. According to some market participants, an agreement could be reached as early as the…
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S&P raised Metinvest's credit rating to 'B +', one notch higher than Ukraine's sovereign ratingMetinvest BV, the parent company of an international vertically integrated mining and metals group of companies (hereinafter - "Metinvest" or "Group"), informs that the credit rating agency S&P Global Ratings (hereinafter - "S&P" or "Agency") has increased the long-term the credit rating of…
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CherMK improves the quality of sheet productsIn the metal finishing workshop No. 1 of the Cherepovets Metallurgical Combine (an enterprise of the Severstal Russian Steel division), new equipment was put into operation - a sheet shot blasting unit. The launch of the unit will improve the surface quality of high-strength and heavy-plate…
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thyssenkrupp expands bearing production in ChinaAt the groundbreaking ceremony, thyssenkrupp rothe erde approved the expansion of the Xuzhou, China plant. “With the fourth production line of our Chinese company thyssenkrupp rothe erde Ring Mill Co. Ltd. we are responding to the growing demand for rings and slewing bearings in China and around…
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Nippon Steel Sues Chinese Steel Company For Patent InfringementNippon Steel Corp. said on Thursday it had filed lawsuits against Chinese steelmaker Baoshan Iron & Steel Co. and Toyota Motor Corp., alleging a patent infringement for a manufacturing technology associated with a key device for electric vehicles in a rare legal battle between a Japanese…
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