Metallurgy news
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UK and US seek solutions on steel and aluminum tariffsUK Foreign Trade Secretary Anne-Marie Trevelyan met several times with US Trade Representative Catherine Tai to find a solution on steel and aluminum tariffs between the two sides. In May of this year, the UK began to investigate whether continuing to apply US steel tariff retaliation is in the…
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Ukraine plans to increase export duty on steel scrapDue to the rapid rise in steel scrap prices in Turkey, scrap exports from Ukraine are also rapidly increasing. According to the Ukrainian Association of Secondary Metals (UAVtormet), the Ministry of Economy of Ukraine has made a proposal to increase the export duty on steel scrap to 200 euros per…
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CSC prepares an additional payment for steel exports according to EU rulesChina Steel Corp plans to introduce a moderate premium on steel exports in August next year ahead of new EU carbon regulations, the company said yesterday. The draft version of the EU's Carbon Borders Regulation Mechanism is due to be released in 2023 and implemented in 2026, affecting 248 items…
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Rising coking coal prices will reduce profitability of steel mills in the second half of the 22nd fiscal yearPrimary steel profit margins will decline by a third to 24-26% in the second half of this fiscal year compared to the first half, as raw material costs rise sharply due to more than doubling coking coal prices since July. However, for the full fiscal year, the operating margin will average 31-32%…
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Preliminary results of the work of the MMC of Ukraine for 10 months of 2021According to preliminary data, for 10 months of 2021, metallurgical enterprises of Ukraine produced: pig iron 17.71 million tons (104.9% compared to January-October 2020); steel 17.90 million tons (105.4%); rolled products 15.97 million tons (105.3%).
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Steel sheet prices rise again due to strong demandSources said that Russian steel mills received a surplus of orders for November deliveries of flat products, while strong buying interest from listed companies drove up prices for hot rolled products in the country's Central Federal District near Moscow a week before Monday, November 1. Market…
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China's daily steel output fell 2% at the end of OctoberThe fall in daily steel production at 247 Chinese blast furnaces and 71 electric arc plants, according to the Mysteel study, resumed in the last eleven days of October, following the growth seen in early and mid-October. New data shows production fell by an average of 52,400 tonnes per day, or 2%…
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Ukraine increases supply of long products in the CIS against the background of quotas in EuropePrices in the export market for long products from the Commonwealth of Independent States continued to rise during the week until Monday, November 1, mainly due to higher offers from Ukraine, as the country still has most of the quotas allocated for the fourth quarter in Europe. Meanwhile, Russian…
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Rating of the best steel producing countries in the worldThe World Steel Association (worldsteel) has published a list of the ten largest crude steel producers for September this year. China continued to be the leader in steel production with a production volume of 73.8 million tonnes (mt). Compared to September last year, the volume of production in the…
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UK electric arc furnaces will operate at nightLiberty Steel UK has announced the resumption of production at its GREENSTEEL Rotherham electric arc furnace. Operations were scheduled to restart overnight to maximize efficiency and reduce energy costs. According to the press release, the work will take place from 11:00 pm to 6:00 am, when…
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