Metallurgy news
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Nippon Steel plans to almost double India's capacityToyota Motor will increase the price of automotive steel it sells to parts makers by about 40,000 yen ($289) a ton in the second half of the fiscal year in October-March after the latest round of talks with Nippon Steel, a Japanese media outlet. says in the report. Nikkei notes that Toyota is…
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Swedish company receives funds for the production of decarburized steelSwedish H2 Green Steel has announced that it has received 199 million euros to develop the production of decarburized steel using renewable hydrogen. H2 Green Steel is building its first green hydrogen steel plants in Boden, northern Sweden. By 2023, its annual production should reach 5 million…
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Vietnam cancels AD duties on Chinese H-rolled steelOn August 31, 2022, the Ministry of Industry and Trade (MoIT) of Vietnam decided to end the anti-dumping (AD) inspection of Chinese H-shaped steel, deciding to extend AD duties of 22.09%-33.51% for another five years. This measure came into effect on September 6, 2022. The TN VED codes used include…
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Imports of finished steel to the EU increased in the first half of the yearAccording to the European Association of Steel Producers (EUROFER), in the first half of this year, EU finished steel imports amounted to about 16.7 million tons, up 14% year on year. The increase was because the volume of purchases increased in the first quarter and remained stable in the second…
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The Black Sea harvesting market expects growthThe Black Sea billets export market is expecting new deals after several weeks of relative stagnation. Against the background of a growing decline in the production of long products in Europe, expectations are growing for an increase in imports of material of Turkish origin and the possibility of a…
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Steel prices in China fell in SeptemberAfter stabilizing amid tentative optimism in August, Chinese steel prices are likely to weaken again in September, Wang Jianhua, chief analyst at Mysteel, predicted in his monthly forecast, noting that increased supply will be the main pressure. As spot and futures steel prices rebounded in August…
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Emirates Steel explores new export markets in Asia and AfricaSaeed Ghumran Al Remeiti, CEO of Emirates Steel Arkan, said the group is considering expanding into new export markets in Asia and Africa to increase production and efficiency, and improve the group's international competitiveness. Al Remeiti said the export market accounts for 45% of the group's…
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UK extends anti-doping measures against cold-rolled products from Russia and China until 2026The UK Government has accepted the recommendation of the Remedies Authority (TRA) to extend existing anti-dumping orders (AD) on cold-rolled flat products from Russia and China for another five years until 5 August 2026. Current measures are likely to result in dumping and hurt British industry…
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Steel production in Italy fell in JulyAccording to statistics from the Federacciai Italian steel association, Italy's steel production in July this year was about 1.6 million tons, down 27% from the same month last year. During the reporting period, Italian long products production was 888,000 tons, down 30.5% year-on-year, while flat…
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Tata Steel signs a memorandum to set up a plant in Ludhianaata Steel has signed a Memorandum of Understanding (MoU) with the government of Punjab to set up a 0.75 Mtpa (MnTPA) long products plant with an electric arc furnace (EAF) using scrap. This new facility initiative in Kadiana Khurd, Hitech Valley, Ludhiana in Punjab is part of Tata Steel's…
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