Metallurgy news
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Taiwanese buyers are hesitant to buy cheap rolled metal products from ChinaAs the Chinese government takes additional measures to stabilize commodity prices, export quotations for Chinese steel are also falling. Currently, the quotations for Chinese cold rolled steel are quite attractive for Taiwanese buyers. However, there are rumors that China would like to adjust its…
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Steel production in Italy increasedAccording to statistics from the Italian steel industry association Federacciai, Italy produced about 2.2 million tonnes of crude steel in May, up 7.5% over the previous month and also up 18.8% over the same month last year. ... The year-over-year growth was driven by a low base caused by isolation…
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Japan's Tokyo Steel raised prices for thick plate in JulyTokyo Steel Manufacturing Co., Ltd., which is based on a leading electric arc furnace in Japan, announced on Tuesday that it had raised its domestic prices for finished thick carbon steel plate by ¥ 5,000 per tonne. The updated price was 107,000 yen per tonne for July delivery, while prices for…
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MMK is a leader in work with startupsPJSC Magnitogorsk Iron and Steel Works entered the top 10 Russian corporations in terms of work with open innovations. This is the best result among metallurgical companies. As defined by Barometer, open innovation is technology solutions or products used by a corporation that are developed outside…
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Results of rolled metal production in Ukraine for 5 months of 2021In January-May 2021, Ukrainian metallurgical enterprises produced 8.02 million tons of rolled metal (107.98% compared to the same period in 2020), of which about 6.59 million tons, or 82.1%, were exported. The share of semi-finished products in export deliveries for 5 months of 2021 is 46.38%…
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Pricing trends in China and Europe may divergeChina's control over its domestic steel industry could provide price stability in the country, while in other regions, namely Europe, prices continue to rise. This opinion was expressed at a virtual conference on Wednesday by Stemcor's Dick Sands and Kallanish European editor Emanuele Norsa. “China…
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US and EU Outline Trade Framework Following Section 232 Tariff CancellationAccording to a joint statement released by the two government agencies, US tariffs on steel and aluminum exports to members of the European Union could be lifted by the end of the year. “We are committed to ensuring that this structure works to ensure a level playing field, overcome long-standing…
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A plan to support the South African steel industryThe South African government and the steel industry have signed a Steel and Steel Structures Master Plan 1.0 to ensure the industry's short-term survival and long-term growth and sustainability. These measures include the establishment of a R 1.5 billion (US $ 108.8 million) Steel Refining and…
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Steel futures in China fell due to lower seasonal demandConstruction rebar and hot rolled coil futures in China fell on Tuesday due to weak downstream demand, while raw material prices rose, primarily for coke, following the announcement of production control in Shandong province. The data showed that apparent consumption of the five major steel…
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When will Trump's tariffs be canceled?Traders in the US steel market are skeptical about news that the US and EU may soon agree to drop Trump-era tariffs 232. Allegedly, there is a draft agreement, which seems to say that the tariffs will be canceled by December, but the details are few, and the draft itself is not a public document…
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