Metallurgy news
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US postpones dumping investigations into OCTG from Russia, Argentina and MexicoThe US Department of Commerce (USDOC) has postponed a preliminary ruling on an investigation into the unfair value of oil field pipes (OCTG) from Argentina, Mexico and Russia. Applicants including Borusan Mannesmann Pipe US, Inc., PTC Liberty Tubulars LLC, US Steel Tubular Products, Inc., United…
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Taiwan and Ukraine become the largest HRC suppliers in the EU in November-December 2021According to statistics, in December last year, Taiwan became the largest supplier of hot-rolled coil (HRC) in the EU. During the reporting period, Taiwan exported about 56,000 tons of hot-rolled coil to the EU, accounting for nearly 20% of the total EU hot-rolled steel exports in December. Taiwan…
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Chinese steelmakers expect poor results in Q4 2021Coal shortages and tighter environmental controls have driven up production costs and indebted property. China Steel Corp, the country's largest steelmaker, said yesterday it would raise steel prices by an average of 2.44% for next month's shipments as local consumers accelerate stockpiling amid…
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Russian-Ukrainian crisis will affect the import of finished steel to PakistanTensions between Russia and Ukraine could lead to higher prices for imported finished steel in Pakistan, some sources in the Asian country fear. The crisis is likely to cause a rise in prices for steel raw materials and finished products, energy carriers and semiconductor chips. “In the short term…
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US stainless steel prices rise on shortage riskAccording to the US market, the price of stainless steel in the US consistently showed strong performance last week. Based on some market sentiment, the current supply of nickel and scrap has been limited, which has been the main reason for the long-term high prices for stainless steel in the US…
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Belarusian BMZ signed contracts for the export of steel worth more than $100 millionAccording to the report, the Belarusian Metallurgical Plant Belarusian Metallurgical Plant (BMZ) announced the signing of several contracts for the export of steel worth more than 100 million US dollars. BMZ specializes in the production of round steel, fittings, wire rod and seamless steel pipes…
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US focuses on steel and aluminum for clean industryThe US will take steps to support domestic production and purchases of low-carbon steel and aluminum as part of a series of new initiatives to strengthen US leadership in cleaner production, the White House said Feb. 15. . "The Biden-Harris administration is announcing new actions across all…
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ArcelorMittal invests in decarbonisation plan for Canadian Dofasco plantArcelorMittal said it will install a new direct reduced iron plant with an annual production capacity of 2.5 million tons and an electric steel furnace with an annual production capacity of 2.4 million tons at the Dofasco plant in Hamilton, Ontario. The introduction of these new technologies and…
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Metinvest to invest $1.2 billion in Ukraine in 2022Metinvest Group plans to invest more than $1.2 billion in the modernization of its enterprises in 2022. This is 18% more capital investments of the previous year. In 2022, the group will continue the environmental modernization of its enterprises. One of the main projects is the reconstruction of…
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Iron trade remains hot despite absence of US and ChinaGlobal iron seller sentiment continued to strengthen over the past week, with new sales ending at higher levels amid increased demand. . One buyer from Italy, influenced by rapidly declining port stocks and low availability of spot supplies in the CIS, accepted higher bids and ordered a large…
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