Metallurgy news
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There is no end to the rise in steel pricesThe situation on the steel market, unprecedented in recent decades, is causing a constant rise in prices, and it is not known how long this process may take, experts say. On the one hand, prices are driven by growing demand, and on the other, by very large increases in the cost of raw materials…
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Copper on the London Metal Exchange hits 27-year highAs LME copper stocks have declined recently, the gap between cash prices and future prices has been large. Estimated metal prices on the LME (London Metal Exchange) rose last Friday, while copper posted the biggest weekly gain since 2016. Copper price continued to rise to $ 10,452 /t today, up $…
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China's steel exports are weakening, while imports are risingChina's steel export market remained tepid last week, even as the price gap between Chinese sellers and their main competitors narrowed. On the contrary, China's interest in imports, especially wire rod, has become more active, traders' sources say. Chinese steel export prices declined sharply last…
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Tokyo Steel will raise prices for rolled metal products in NovemberTokyo Steel Manufacturing, a leading manufacturer of steel for electric arc furnaces in Japan, said it will raise prices of some of its steel products by 4.9% in November to reflect difficult market conditions. The company kept prices for all steel products, including the main H-beams, unchanged…
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Steel demand will fall by 4.5% globallyThe World Steel Association (WSA) in its latest short-term forecast (SRO) released on October 14, contrary to the forecast from April 15, when it expected 3% year-on-year gain for China and 5.8% year-on-year growth for the whole world. “2021 is seeing a stronger-than-expected recovery in steel…
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Worldsteel Raises Asia Demand Forecasts Despite CovidLast week, the World Steel Association raised its forecasts for demand in East and Southeast Asia, excluding China, in its short-term forecast last week. The recovery in demand in developing Asia continues despite the continued presence of Covid-19. In Japan, worldsteel notes that demand continues…
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China's September Daily Steel Production - Lowest Since December 2018China's daily crude steel production fell to its lowest level since December 2018 in September as power outages across much of the country and environmental restrictions slowed down operations. The world's largest steel producer produced 73.75 million tonnes of metal last month, up from 83.24…
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Worldsteel alarmed by weak recovery in auto industryIn its latest Short Term Review (SRO), the World Steel Association (worldsteel) said the global auto industry has recovered significantly from an initial Covid-19 lockdown last year, but there are several factors such as supply chain disruptions and interference. limiting further growth. Edwin…
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Ukraine ends investigation into cable importThe Interdepartmental Commission on International Trade of Ukraine announced that it has decided to cancel the tariffs set on April 23, 2021, to end the investigation of protective measures against cable imports and will not impose protective measures on the goods in question. Due to the fact that…
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US may reach agreement on steel tariffs with EU as early as late OctoberAccording to market news, the US government has applied a new tariff quota proposal for the EU, and both are tending to address the issue of tariffs on steel products that were started by the Trump administration. According to some market participants, an agreement could be reached as early as the…
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