Metallurgy news
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Chinese authorities will punish companies that pollute the environmentChina has pledged to cut steel production in 2021 from the record 1.06 billion tonnes it produced last year to cut carbon emissions. The steel sector accounts for 15% of the country's total emissions, exceeding all other production categories. Heavy industry companies in the city, including steel…
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Baoshan Steel Raises Hot Rolled Steel Prices By $ 46 /Ton In AprilBaoshan Iron & Steel Co (Baoshan Steel), a division of China's largest steel producer China Baowu Steel Group, has decided to add RMB 300 per tonne ($ 46 per tonne) to its list price for hot rolled carbon steel (HRC). with the company's latest pricing policy published on March 9 for April sales…
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U.S. court rejects Section 232 complaint over steel and aluminum import tariffsThe U.S. Court of International Trade dismissed Thyssenkrupp Materials North America's claim for U.S. Section 232 tariffs on steel and aluminum, finding that the Section 232 exclusion process did not violate part of the U.S. Constitution and did not reflect misinterpretations of previously issued…
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UK unions call on government to support Liberty SteelUK trade unions have asked the government to support Liberty Steel, saying the government needs to take positive action to prevent threats posed by the bankruptcy of Greensill Capital, Liberty Steel's main lender. Unions said Liberty Steel is seeking business continuity funds. Parent company…
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Nucor Corp will build a new pipe production plantUS-based Nucor Corporation announced that its board of directors has approved a plan to build a pipe plant in the Midwest, America's largest steel-consuming region. The company said that the new pipe mill's products will benefit from Nucor's existing investments in the Midwest, including a plate…
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Thousands of steel workers in the UK and Australia under threatThe conglomerate of British entrepreneur Sanjeev Gupta GFG is in a hurry to refinance about $ 4 billion owed to the bankrupt financial company. More than 35,000 jobs, including thousands in steel mills in the UK and Whyalla in South Australia, are in jeopardy as GFG Group, a conglomerate controlled…
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World metallurgy left behind the phase of falling demandThe 4.8% increase in global steel production in January is a positive development for the steel market. Has the steel industry left behind a phase of declining demand, adding new capacity not finding an adequate market, falling prices, rising production costs and, consequently, a prolonged period…
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Canada introduces temporary customs duties on rebar from Oman and RussiaThe Canadian Border Guard Agency (CBSA) announced in a March 4 statement that it has imposed temporary anti-dumping duties (AD) of 8% and 45% on certain rebars from Oman and Russia, respectively, effective from the date of the announcement. The case is the fourth rebar import investigation…
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Steel prices are falling, but demand in China plays a key roleSteel prices appear to be declining after some major producers slashed hot and cold rolled coil prices in the first week of March. This is the first significant decline in prices in the past nine months, and came against the backdrop of a slight lull in domestic demand in the last two weeks of…
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Emirates Steel begins expansion of HRC productionEmirates Steel Industries (ESI), a steel producer in the UAE, is advancing the third phase of its hot rolled coil (HRC) expansion plan. The plan was postponed for many years due to a shortage of natural gas. The company is currently conducting a comprehensive assessment of this plan to increase its…
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