Metallurgy news
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India cancels anti-dumping measures against rolled metal products from China and the EUIndia has canceled anti-dumping duties on painted and pre-flat steel imports from China and the EU, according to a notice from the Central Board of Indirect Taxes and Customs of India (CBIC). Last week, the Indian government also decided to cancel anti-dumping duties on imports of hot-rolled flat…
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Omicron influences factory production in Central ChinaA new variant of the COVID-19 Omicron virus is spreading rapidly in China, with steel mills in the hardest-hit area of Central China reporting outages a week after the variant was first confirmed on January 8 in northern China's Tianjin municipality. As of Friday, Chinese medical authorities were…
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Rio Tinto to launch satellite to boost iron ore productionNo. 1 iron ore producer, Rio Tinto, has entered into a partnership with Pixxel, a growing American and Indian company specializing in Earth imaging technologies. Once Pixxel releases images from its first high-resolution satellite, which is scheduled to launch in late January, Rio Tinto will begin…
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China's iron ore imports fall from record high in 2021China's iron ore imports fell 4.3% in 2021 from the previous year's all-time high as steel production restrictions imposed to combat pollution dampened demand and pushed prices of the key metallurgical material from all-time highs. The world's largest consumer of iron ore imported 1.12 billion tons…
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Taiwanese factories to raise stainless steel prices for FebruaryNickel, the main raw material for stainless steel, accounts for up to 50% of the total cost. The recent price of nickel hit a ten-year high of $22,000/t due to new Indonesian policies and the fall in the US dollar. Indonesia, the world's largest nickel producer, is considering imposing export…
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Torrential rains in Brazil paralyzed the iron ore industryThe price of iron ore jumped on Wednesday as heavy rains disrupted the iron ore industry in southeast Brazil. At the same time, Vale stopped its operations, and regulators were sent to monitor the impact. On the exchange, iron ore futures rose 1.9%. The 62% iron benchmark fine imported to northern…
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Japanese company develops nickel-free alloy steelRecently, JFE Steel announced the development of FM1300S nickel-free powder alloy steel with a tensile strength of up to 1300 MPa. The impact strength, fatigue strength and cutting ability are also very good. High-temperature sintering above 1200°C does not require the use of a special furnace…
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US Steel builds new plant next to Big River Steel plantUS Steel has announced that it will build a US$3 billion plant in northeast Arkansas, adjacent to the existing Big River Steel plant. It was planned to install two electric arc furnaces at the new mill with an annual production capacity of 3 million tons of improved steel. Construction was expected…
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Steel company revenues will start to fall from the third quarter of fiscal year 2022ICRA, in its latest steel sector survey, said that industry revenues are expected to decline from the current quarter, third quarter of fiscal year 2022, with higher operating costs, especially for coking coal, reflected in the profit or loss of steel companies after a sharp rise in spot prices. to…
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China's steel production declines in 2021Steel production in China declined in 2021 as the country strives to meet its carbon reduction and carbon neutrality targets. The country produced about 1.03 billion tonnes of steel last year, 35 million tonnes less than in 2020, the China Metallurgy and Steel Association said on Monday. In the…
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