Metallurgy news

• British Parliament to develop plan to decarbonise metallurgy The industry directly employs 33,700 people, with another 42,000 people involved in supply chains. The UK House of Commons Environmental Audit Committee has announced that it will conduct a study on Green Steel. "Steel is a critical material in the UK's drive to reduce carbon emissions: it is... 04.02.2022  11:54

• Interpipe paid almost UAH 3 billion in taxes and fees in 2021 During 2021, the Ukrainian industrial company Interpipe transferred UAH 2.96 billion to the budgets of all levels and extra-budgetary funds. Compared to 2020, the volume of tax deductions increased by 17%, which is mainly due to an increase in the production of finished goods. Contributions to... 04.02.2022  11:26

• Conflict in Ukraine worries the gas market the most A possible conflict between Russia and Ukraine will lead to a decrease in trade between the eurozone and these countries, but will not significantly slow down the growth of the European economy. According to Goldman Sachs analysis, gas market turbulence could be much more severe. The escalation... 03.02.2022  11:04

• Operational indicators of the MMC of Ukraine in January 2022 According to preliminary data, in January 2022, metallurgical enterprises produced: pig iron - 1.79 million tons (98.2% compared to January 2020.); steel - 1.86 million tons (100.9%); rolled products - 1.67 million tons... 03.02.2022  10:52

• Ukrzaliznytsia received a new batch of passenger cars from Kremenchug Simultaneously with the delivery of products, representatives of UZ and specialists of the plant discussed the issues of the features of the cars adapted for the carriage of passengers with disabilities, which the customer wants to see in the next batches. On January 31, 2022, Ukrzaliznytsia... 01.02.2022  12:35

• Leaders in global crude steel production in 2021 Total global crude steel production in 2021 was 1,950.5 million tonnes, up 3.7% from 2020. 1 China 1,032.8 2 India 118.1 3 Japan 96.3 4 US 86 5 Russia 76 6 Korea 70.6 7 Turkey 40.4 8 Germany 40.1 9 Brazil 36 10 Iran 28.5 11 Italy 24.4 12 Vietnam 23.6 13 Taiwan, 23.3 14 Ukraine... 01.02.2022  12:01

• EU makes final AD review on pipes and fittings from China The European Commission has announced a positive final decision to end the anti-dumping inspection of pipes and fittings made of iron or steel made in China, while continuing to levy a duty of 58.6% AD. At the same time, a duty of 58.6% AD also applies to Chinese pipe fittings exported to the EU... 01.02.2022  11:47

• Indian mills continue to increase HRC on more expensive coal Due to the sharp rise in coking coal prices, Indian mills have increased their HRC offerings by another $35-$40/t/week to $770-780/t FOB India for March deliveries. They say that they have every opportunity to conclude export deals. Due to the growing supply in Southeast Asia, the plants have... 31.01.2022  12:14

• US Steel profit hits record high in 2021 Pittsburgh-based steelmaker US Steel posted a record profit of $4.174 billion in 2021 thanks to strong steel prices, which were supported by strong demand, an economic recovery and tariffs on much of the steel it imports. In the fourth quarter, the profit was 1.06 billion US dollars. US Steel... 31.01.2022  12:06

• WTO allows China to impose tariffs against the US The World Trade Organization (WTO) allowed China on Wednesday to impose $645 million worth of countervailing tariffs against the United States in a ruling that was immediately criticized in Washington. China joined the WTO in 2012 to challenge anti-subsidy tariffs imposed by the United States... 28.01.2022  10:52