Metallurgy news
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India became a net steel importer for the first time in the current financial periodIn the latest press release from the Ministry of Steel of India, it is noted that in January 2021, the country became a net importer of steel for the first time in the current financial year. For the first nine months, the country remained a net exporter. The net trade deficit was 0.06 million…
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Reducing discounts on steel exports from ChinaAs China's foreign steel trade rises steadily after the Chinese New Year lull, while international steel prices continue to climb, speculation about a possible cut in China's steel export tax breaks has intensified both in China and beyond. Speculation that China might renegotiate tax breaks on…
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Brazilian Iron and Steel Works CSN plans to raise prices by 25%Brazilian steel company Companhia Siderúrgica Nacional (CSN) CSNA3.SA said it expects prices to rise by an average of 25% in the second quarter. CSN CEO Benjamin Steinbruch told analysts that the steel mill's debt rating could be upgraded within "weeks" as the company expects to meet its 45-day…
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USA revises duties on imports of rolled metal products from Japan and AustraliaAccording to preliminary results of the US Department of Commerce (USDOC) administrative anti-dumping duty audits, imports of hot rolled flat products from Japan and Australia were determined to be trading below fair prices. value in the US market for the review period from October 1, 2018 to…
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China: low carbon steel becomes top priorityAs China strives for a cleaner, lower-carbon and more efficient steel sector, analysts expect multinationals to engage in deeper, better-quality cooperation in the Chinese market this year despite the impact of the COVID-19 pandemic. “China has spearheaded the recovery in global demand in 2020…
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Hoa Fat Achieves 1 Million Tons With Danieli QSPDanieli's new casting and rolling line for high quality coils has exceeded 1 million tonnes of rolled metal in 8 months after launch. The Dung Kwat plant in Vietnam, which is in the expanded commissioning phase, has produced 200,000 tonnes of HCR, which is 94% of the nominal capacity. According to…
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Ukrainian metallurgists ask to extend the export duty for scrap metalUkrainian producers of rolled metal have applied to the Verkhovna Rada with a request to extend the duty on the export of scrap metal for another 5 years. Otherwise, enterprises forecast a shortage of steelmaking raw materials on the domestic market of Ukraine. Today, the country applies a duty on…
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Global steel production will grow by an average of 32% until 2025Growth in global iron ore production will accelerate in the coming years, ending the stagnation that has persisted since iron ore prices hit their lowest decade average of $ 55 per tonne in 2015, a market analyst at Fitch Solutions predicts in his latest industry report. Fitch forecasts global mine…
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US issues anti-dumping ruling on Japanese HRC importsIn accordance with the preliminary ruling imposing anti-dumping duties on hot-rolled flat products from Japan, Japanese manufacturers and exporters of the products in question sold their products on the US market at prices below fair value during the reporting period. from October 1, 2018 to…
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Liberty Steel to build hydrogen-based steel plant in FranceUK-based Liberty Steel Group, part of the GFG Alliance, has announced plans to build a new hydrogen-based steel plant in France. The country's first steel plant of its kind will be built in partnership with two European companies with which Liberty Steel has already signed a Memorandum of…
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