Metallurgy news

• China's iron ore price index rose on January 26 The China Iron Ore Price Index (CIOPI) stood at 494.00 on Jan. 26, up 0.53% or 2.63 points from the previous index, according to the China Iron and Steel Industry Association (CISA). January 25 CIOPI ore price index was 411.24 points, up 0.06% or 0.26 points from the previous price index; the... 27.01.2022  10:36

• EU scrap metal suppliers face increased logistics costs The cost of transporting scrap metal domestically in Germany and the Benelux countries has risen further over the past month due to a shortage of truck drivers and rising diesel prices. Scrap suppliers said that logistics costs for truckloaded scrap shipments have risen another 5-10% over the... 27.01.2022  10:34

• Polish copper company wants nuclear power to be labeled 'green' According to the head of Europe's largest copper producer, Poland's KGHM Polska Miedź SA, European industry could only continue to grow with clean energy if the EU decides to consider some investment in nuclear power plants as sustainable, green energy. KGHM Polska Miedź, the largest consumer of ... 27.01.2022  10:29

• UK TRA to review AD measures on heavy plate in China The UK Remedies Authority (TRA) initiated a transitional review of an anti-dumping measure (AD) on steel plate originating in China on 25 January to determine whether the current AD measure should continue and whether the measure is in line with UK requirements. . These are hot-rolled flat... 26.01.2022  13:17

• EU factories insist on raising prices for rolled metal products The European steel market began to develop slowly in 2022. Many members of the supply chain have delayed their return to work until January 10. Consequently, the level of purchasing activity has decreased. On the contrary, the factories sought to change their position for the New Year by raising... 26.01.2022  11:49

• Ukraine in the world ranking of metallurgical production in 2021 According to Worldsteel, in 2021, metallurgical enterprises of the countries of the world produced 1,429.54 million tons of pig iron, of which 1,326.85 million tons were smelted by the blast-furnace method and 102.69 million tons by the direct renewal method. This is 1.18% higher than the figure of... 26.01.2022  11:24

• Fortescue Reports Supply Growth, But Labor Shortages The world's fourth-largest iron ore producer has voiced its concerns. Australian mining company Fortescue Metals Group on Tuesday reported a 2% increase in second-quarter shipments, but noted pressure from strong demand for labor and resources, as well as supply chain restrictions due to the... 25.01.2022  10:24

• EUROFER demands an increase in the duty rate on hot-rolled steel from Severstal The European Steel Producers Association (EUROFER) has asked the European Commission to impose higher anti-dumping duties (AD) on hot-rolled coil (HRC) from Russian steelmaker Severstal. EUROFER reports that the current AD duty rate for Severstal's hot-rolled coil is EUR 17.60 per ton, compared... 25.01.2022  10:10

• Australian coal stuck in its ports Most of the Australian coal used by steelmakers and stored in Chinese ports after Beijing's import ban has now been cleared, according to research firm Fengkuang Coal Logistics, although there is no indication that the halt to new shipments will be lifted. Customs data from the last quarter of... 25.01.2022  09:46

• Nickel prices soar to $24,000 per ton The world prices for nickel rose consistently last week. Nickel futures on the LME rose over $200 last Friday (January 21) to an 11-year high of $24,000/t. At the same time, market stocks monitored by the LME fell to 93,480 tonnes. Nickel prices rose five consecutive weeks as market inventories... 24.01.2022  12:10