Metallurgy news
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Steel price growth will stop in three months - SeverstalSeverstal predicts that the rise in world steel prices will continue for about three more months, says CEO Alexander Shevelev. “I believe that the shortage in the steel market will soon lead to higher prices,” says Shevelev. “However, sooner or later the market must balance: the deferred demand…
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EU introduces AD duty on steel imports from TurkeyAn anti-dumping investigation by the European Commission (AD) confirmed that imports of Turkish hot rolled coils (HRC) were dumped. Thus, the products in question will be charged a preliminary AD rate in the range of 4.8-7.6%. This AD investigation was initiated on May 14, 2020 and will end usually…
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Results of work of the MMC of Ukraine for 11 months of 2020In January-November 2020, metallurgical enterprises of Ukraine manufactured: - agglomerate - 28.99 million tons (101.9% compared to the same period in 2019); - gross coke (6% wet) - 8.82 million tons (94.9%); - pig iron - 18.59 million tons (100.7%); - steel - 18.71 million tons (97.0%); - rolled…
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China's Average Daily Steel Production Statistics for NovemberAccording to statistics released by the National Bureau of Statistics of China (NBS), the average daily crude steel production in China in November was about 2.92 million tons. In addition, in the reporting period, the average daily production of pig iron amounted to 2.4 million tons, steel - about…
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US Steel will fully acquire Big River SteelUnited States Steel Corporation (US Steel) has announced the acquisition of the remaining shares of Big River Steel, an electric arc furnace (EAF) plant in America, to fully own the newest and most advanced sheet metal producer in North America. The deal is expected to be completed in the first…
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Steel production in China is growing steadilyChina's steel production rose steadily through November, up 5.5% year-on-year to 961 million tonnes in January-November, or the same amount as in the first ten months, according to the country's latest report from the country's National Bureau of Statistics. (NBS). ) On December 15, and for the…
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Electric cars for $ 3,000 may pour into UkraineThe production of baby electric cars will begin in Uzbekistan next year. The declared initial cost is $ 3000. For that kind of money, Ukrainians are ready to buy them. A plant for the production of budget electric cars is already under construction in the city of Kokand. It will be located on an…
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Baosteel will raise flat steel prices in JanuaryBaosteel raised domestic sales prices for HR, CR and flat products in January by 400 yuan per ton, 500 yuan per ton and 300 yuan per ton, respectively. The increase in sales prices was driven by higher prices for iron ore and strong demand. Despite the recent high prices for iron ore, costs are…
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Raw material prices in China rise amid falling steel pricesSteel raw material prices, including iron ore, coke and scrap metal, are showing strong growth, recently soaring to their multi-year highs in China, ignoring the fall in domestic steel prices, and this could continue for the foreseeable future. according to sources in the Chinese market. Market…
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Russian stainless steel market results for November 2020According to statistics, in November this year, the volume of visible consumption of stainless steel in Russia increased by 6.3% compared to the same period a year ago. On an annualized basis, the supply of marketable products increased by 5.5%, while stocks decreased by 17.5%. Real consumption…
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