Metallurgy news
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Pandemic is shaping trends in the long products marketAccording to Alexander Gordienko, international sales manager for Celsa Group, global consumption of long products is likely to fall by -2.7% year-on-year to 878.6 million tonnes in 2020, with the steepest drop in the section. used mainly in commercial construction. In the meantime, the Covid-19…
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Indian government prepares a policy for the development of steel clustersThe Indian government has prepared a draft policy framework for the development of steel clusters in the country, Manufacturing Today reported. Work on the policy began sometime in late 2019, but faced obstacles due to the COVID-19 pandemic. Does your company have a steel purchasing strategy based…
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Steel consumption increased in UkraineDuring January-August 2020, the volume of consumption of the domestic market amounted to 2,921.6 thousand tons of rolled metal, of which 762.6 thousand tons or 26.1% were imports. For the same period in 2019, the capacity of the domestic market amounted to 2830.4 thousand tons, of which 953.4…
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Smelters supply medical oxygen for COVID19 treatmentIndia's Ministry of Steel said steel companies are supplying medical oxygen from their factories to various hospitals across the country as they step up the fight against the COVID-19 pandemic. The ministry recently launched a portal that provides information on oxygen availability and daily…
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World Bank: global economic recovery will take 5 yearsThe World Bank predicts that it will take up to five years to recover from the global economic crisis caused by the COVID-19 epidemic. The global economy could recover quickly when all controls are removed, but a full recovery could take up to five years. How long the COVID-19 recession will last…
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South Korean flat steel tariffs to affect Asian marketSouth Korea has decided to conduct anti-dumping investigations against stainless flat steel from Taiwan, China and Indonesia. The conclusion was expected to be made within 10 months. Statistics showed that South Korea's share of stainless steel sheet imports from China, Indonesia and Taiwan is…
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The Beloretsk Metallurgical Plant Mechel Receives the First Lot of Drawing MillsThe Beloretsk Metallurgical Plant of the Mechel Group received four new drawing mills with a total cost of 220 million rubles. This equipment was purchased by the plant as part of the modernization of the cable-rope production. The mills are scheduled to start in the first quarter of 2021. Drawing…
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Import prices for HRC in Europe are consolidatingIn recent weeks, offers from India have risen to € 490 /t (USD 579) for HRCs from Southern Europe. One trader notes that Turkish sources may sell at € 475-485 a tonne francs, but adds that the risk that anti-dumping measures will be confirmed soon is deterring buyers. Since June, prices for…
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Who Benefits From Steel Export To ChinaRising steel prices in China have made exporting to the country “lucrative” for some foreign steel suppliers such as Ukraine and Russia, said Miller Wang, chief consultant at Wood Mackenzie. Indian Tata Steel also exports to China. Since April, it has more than doubled its exports. “Indian mills…
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Coronavirus Crisis Rebuilding Asia's Steel LeadersAt the end of July, Vietnamese steel company Hoa Sen Group made an unexpected announcement: it was abandoning the construction of a $ 10 billion production complex. “The current objective situation is no longer in line with the original strategic goals,” the company said. The group originally…
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