Metallurgy news
-
Stainless steel on its way to a production recordStainless steel production has been set to a record this year. After last year's fall, it is expected to surpass 8 percent this year, higher to reach 55 million tonnes. Several steel mills, which closed during the peak of the pandemic, have resumed operations. However, according to market monitor…
-
The EAEU considers a complete ban on the export of ferrous scrapThe Eurasian Economic Union (EAEU) has published a draft board decision on the inclusion of ferrous scrap in the list of goods for which there is a ban on export outside the member states - Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. On June 15, the EEC will hold a board meeting, which…
-
Nippon Steel May Beat Earnings ForecastNippon Steel, the world's third-largest steel producer, could surpass its own profit forecast for the year until March 31, 2022, as its exports and overseas businesses benefit from strong demand and high steel prices. “The demand for steel overseas is quite high,” Executive Vice President Takahiro…
-
EU remains uncertain on the steel marketAccording to steelmakers, an expected one-year extension of the safeguarding steel market will extend the business's uncertainty, because in the case of long-term orders, it is not known what the conditions will be. in the middle of next year. The European Union will extend the warranty by one…
-
Liberty Steel bought Huta CzęstochowaOn Friday, an agreement was signed for the purchase of Huta Częstochowa by Liberty. Thus, the company's troubles and the threat of layoffs must end. The economic situation on the market is favorable for the launch of the plant. An agreement was signed, and most importantly, the entire amount of the…
-
Steel Ingredients in China Rise SignificantlySteel prices on China's Dalian Commodity Exchange jumped on Wednesday to catch up with the strong trend in the spot market. The most traded iron ore futures on the Dalian Stock Exchange for September delivery rose 4.8% to 1,192 yuan ($ 186.80) a tonne during the morning session. As of 02:50 GMT…
-
Russia is discussing the purchase of metals for state reservesAccording to Reuters, the Russian Industry Ministry has held preliminary talks with metal producers to purchase their products for government stocks, the ministry said in a statement on Tuesday. Moscow is closely monitoring the rise in raw material prices in the construction sector as part of…
-
Iron ore price surpasses $ 200 againIron ore prices jumped on Tuesday, boosted by reports that the Tangshan steel center plans to reduce production cuts at its plants. The Tangshan government held a symposium on Monday to discuss lowering the production cutback rate for some plants that have completed ultra-low-emission upgrades, the…
-
Indonesia is the world's second largest exporter of stainless steelIndonesia has evolved from a country only importing stainless steel in the past to the second largest stainless steel exporter in the world. Indonesia received a lot of investment because Indonesia supported foreign-invested companies to build factories and protect the interests of foreign…
-
Mexico launches fifth investigation of Russian sheet steelThe Mexican Secretariat for the Economy (SE) has announced that it has launched a fifth anti-dumping (AD) investigation against flat steel from Russia, following a request from Mexican producers Ternium Mexico SAde CV and Altos Ornos de Mexico, SAB de CV (AHMSA). The investigation covered the…
Pages
← previous
next →
