Metallurgy news
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Steel consumption in China increased by almost 20% in SeptemberAccording to statistics from China, the total apparent consumption of crude steel in China in September this year was about 94 million tons, an increase of 19.8% year on year, and showed that it reached 90 million tons for the 5th consecutive month. Among them, in the first 9 months of this year…
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Morgan Stanley: the growth of the world economy in 2021 will be 6.4%According to the latest forecast by Morgan Stanley, one of the world's leading investment banks, the global economy could grow 6.4% next year. The main reason for the strong prognosis was mainly due to a decrease in worries about the Covid-19 epidemic based on the released new vaccine. Among them…
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Iron ore futures close higherIron ore futures closed higher on Tuesday in daytime trading on the Dalian Mercantile Exchange (DCE). The most active iron ore contract in January 2021 rose 22 yuan (about $ 3.34) to 855 yuan per tonne. On Tuesday, the total trading volume of 12 iron ore futures contracts on the exchange was…
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Tata Steel in talks with SSAB to sell the plantIndia-headquartered steel company Tata Steel announced that it is in talks with Swedish steel company SSAB AB to sell a subsidiary in the Netherlands. The company said in a media statement that discussions about the potential sale of the business have already begun. The proposed acquisition will…
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US steel industry expects to benefit from infrastructure investmentKevin Dempsey, interim president and chief executive officer of the American Iron and Steel Institute (AISI), said the steel industry is likely to benefit if the new administration, under President-elect Joe Biden, decides to prioritize spending on infrastructure projects. He added that the…
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Steel production in China declines in OctoberChina's steel production fell for the second straight month in October, down 0.4% from the previous month, official data showed on Monday, as production was cut due to environmental restrictions and forecasts of lower winter demand. The world's largest steel producer produced 92.2 million tons of…
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UK's Liberty Steel to install Europe's first hybrid steel furnacesLiberty Steel, a global metals and mining company with operations in more than 200 localities on four continents, announced that it will install Europe's first hybrid steel furnace at its Liberty Ostrava plant in the Czech Republic. Liberty Steel planned to replace four tandem steelmaking furnaces…
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CRC imports to Turkey fell in SeptemberAccording to statistics from the Turkish Statistical Institute (TUIK), Turkey imported about 44,000 tonnes of cold rolled coils (CRC) in September, down 32.4% from the previous month and 18.8% from the same month a year ago. ... In the first nine months of this year, Turkish CRC imports reached…
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Growth of export of stainless steel from RussiaAccording to market news, total exports of stainless steel products from Russia for 9 months of this year increased by 101.7% compared to the same period last year, reaching 985,000 tons. Among them, the total export value of stainless steel products was about US $ 840 million. Moreover, the main…
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Fatal consequences for the EU steel industryFor the EU steel industry, it is difficult to cope with foreign competition in the context of more or less open subsidies for this production in other countries, which, moreover, do not pay attention to climate considerations. If nothing changes in the EU climate policy, and other countries…
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