Metallurgy news
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World steel production increased in AprilWorld crude steel production in 64 countries represented by the World Steel Association (worldsteel) stood at 169.5 million tonnes (mt) in April this year, up 23.3% from the same month a year earlier. The largest steel producing regions are Asia and Oceania, which produced 125.0 million tonnes in…
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Steel sheet prices in Taiwan continue to riseDue to the sharp rise in prices in the international market, Taiwan's quotations for steel sheet imports continue to break their own record at the moment. It is now difficult for industry participants to import the same materials at a lower price. Since fewer purchases are made in other countries…
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Sales of carbon steel in Japan fellAccording to statistics from the Japan Iron and Steel Federation (JISF), sales of finished carbon steel products in the country totaled about 56.8 million tonnes in fiscal 2020 ending March 2021, down 9% from the previous year. That figure was even below the lowest level of 55.96 million tonnes of…
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Rumors of increased duties on steel exports in China continueRumors about China's intention to raise the export duty on steel were gradually confirmed. Not only did the State Council of China issue relevant instructions in an executive meeting, but the government is also taking ongoing measures to stabilize prices for wholesale goods. China was ordered to…
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World iron ore production will continue to grow over the next 5 yearsAccording to the latest report from Fitch Solutions, one of the world's leading financial institutions, it predicted that global iron ore production could continue to grow, with an average growth rate of 2.4% in 2021-2025, which is much higher. than over the past five years -2.0%. In addition, the…
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NLMK DanSteel supplies steel sheet for wind power projects in FranceRussian steel producer NLMK Group announced that Danish company NLMK DanSteel provided thick plate for the production of wind turbine tower components for the first large offshore wind farm in Brittany, France. The wind farm has a capacity of 500 megawatts and can provide electricity to over…
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ArcelorMittal increases steel prices againAccording to the latest pricing information from ArcelorMittal, one of the world's leading steel producers, it has increased flat steel prices in Europe by about € 50 per tonne, the seventh consecutive increase from ArcelorMittal in a week. Among them, the range of price increases for hot-rolled…
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China stabilizes the rolled metal marketChina will strengthen both supply and demand management to curb "unwarranted" increases in commodity prices and prevent them from being passed on to consumers, the country's cabinet said Wednesday, according to a report by state broadcaster CCTV. Commodity prices such as steel, iron ore and copper…
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Tokyo Steel will raise product prices in June to 18%Tokyo Steel Manufacturing Co Ltd said it would raise prices for all of its steel products by 9.5-17.6% in June, reflecting higher overseas prices and anticipated higher domestic demand. The price hike in June by Japan's largest electric arc furnace steelmaker, which produces steel products…
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Iran expects export growth after restrictions are liftedIran's Ministry of Industry, Mines and Trade has lifted certain restrictions on the export of semi-finished steel products for three months from June 1. Exporters will no longer need a license to sell overseas, but they will still need to first offer a certain tonnage on the Iranian Mercantile…
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