Metallurgy news
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EU protects against unfair competition from ChinaThe European Commission has presented a bill that makes it difficult to access contracts for firms that receive government subsidies. The ratification of the EU-PRC investment agreement has been postponed indefinitely. The European Commission (EC) will strengthen the protection of European…
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Zaporizhstal production results in April 2021In April 2021, Zaporizhstal produced: 362.4 thousand tons of pig iron, 334.4 thousand tons of steel, 281.9 thousand tons of rolled products. Higher indicators in April-2021 compared to the same period last year are associated with a complex of overhauls of blast furnaces No. 2 and No. 5, performed…
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High CO2 prices - the result of speculationHigh CO2 prices make it difficult to transform the economy. Huge financial resources that we could spend on transforming the Polish energy sector end up in the accounts of foreign hedge funds. This is a problem for the entire European industry. CO2 emissions allowance prices have risen rapidly for…
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China seeks to cool off hot steel sectorChina has taken steps to cool down its hot steel sector by discouraging exports and increasing imports of certain raw materials, steps seen as measures to stabilize record prices. But, there are also some long-term implications as Beijing seeks ways to reduce the world's largest steel producer's…
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Flat steel prices in Brazil to rise in MayAs global steel and raw material prices continued to rise and domestic demand in Brazil is still strong, it was announced that the price of domestic flat products in Brazil would rise by 16-18% in May. Companhia Siderúrgica Nacional (CSN) announced a 16-18% price increase on April 29, of which HRC…
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Investigation has begun in relation to 3 Russian factories due to a sharp rise in prices for rolled metalThe Federal Antimonopoly Service (FAS) of Russia has launched an investigation into three Russian steel mills, Severstal, NLMK Group and MMK, due to a sharp rise in prices for hot rolled coil (HRC). Domestic consumers noted that rolled steel prices rose sharply and FAS had evidence to suspect that…
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Thyssenkrupp has opened a reference warehouse for rolled metal productsAfter nearly a year of construction, Thyssenkrupp Materials Services has opened a new warehouse in Rothenburg, which will serve as a model for other warehouses in the future. Its work is highly automated and digitized to increase productivity and offer customers an increasingly personalized…
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China zeroed import duties on steel and cast ironChina plans to lift import duties on the import of pig iron, steel semi-finished products, scrap and ferrochrome from May 1, the Wall Street Journal writes, citing a statement from the PRC Ministry of Finance. The measure will support the supply of steel products to the Chinese economy, increase…
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US Steel returns to profitUnited States Steel Corporation (US Steel), an integrated steel company based in Pittsburgh, Pennsylvania, with world-class operations in the United States and Central Europe, has released its first quarter results this year. According to the company's press release, the company's net income for…
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ArcelorMittal changes largest credit line to meet environmental goalsArcelorMittal said it has reached an agreement with lenders to amend its $ 5.5 billion revolving credit facility and link the loan's margin calculation to the company's performance in achieving sustainability and emissions reduction goals. ArcelorMittal said the margin payable would increase or…
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