Metallurgy news
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MMK and Paul Wurth signed a contract for the construction of a blast furnacePJSC Magnitogorsk Iron and Steel Works and Paul Wurth (a subsidiary of the SMS GmbH group of companies) signed a contract for the implementation of the investment project “Construction of a new blast furnace No. 11”. The project is designed for 3.5 years. The volume of investments of PJSC MMK will…
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Tokyo Steel revises its carbon planTokyo Steel said that as the world began to actively pursue a carbon neutral plan, the company decided to revise its Tokyo Steel EcoVision 2050. Tokyo Steel's original goal was to reduce CO2 emissions by 80% by 2050, which was announced in 2017. Now the firm has revised it to 100%. As a result, it…
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Exporters avoid Chinese tax dutiesSuppliers of rolled metal from China insist that buyers are contractually obligated to pay the full tax, which is collected before the shipment is shipped. But importers in ASEAN are resisting purchase contracts that include this clause. On June 24, a small batch of 3,000 tonnes of Chinese SS400…
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Metallurgical production leaders in May 2021The top ten steel-producing countries in May-2021 are as follows: 1.China (99.450 million tons, an increase of 6.6% to May 2020), 2.India (9.2 million tons, up 46.9%) 3.Japan (8.422 million tons, up 42.2%) 4.USA (7.249 million tons, an increase of 47.6%), 5.RF (6.560 million tons, an increase of…
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CISA: Daily steel production increasedBased on the performance of its member plants, CISA estimated the country's daily crude steel output at 3.24 million tonnes /day for June 11-20, an increase of 1.09% from June 1-10, or also by 14% over the same period. last year. Mysteel's production overview for June 11-20 among a larger group of…
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Russian Proposed Export Duty Will Harm IndustryAccording to industry participants, Russia's decision to apply a 15% duty on all major export goods of ferrous and non-ferrous metals within six months will negatively affect the industry and displace Russian steel products from the world market. The Russian metallurgical plant NLMK is considering…
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China's role in global iron trade is decliningChinese imports of pig iron and other substitutes for scrap ferrous metals rose in May, the first sequential increase in half a year, but volumes remained at their lowest levels at the end of 2019. According to Chinese customs, aggregate imports of basic pig iron (BPI), direct reduced iron (DRI)…
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Japanese steel production rises in MayAccording to statistics from the Japan Iron and Steel Federation (JISF), Japan produced about 8.4 million tonnes of crude steel in May this year, up 7.7% over the previous month and 42.2% over the same month. a month ago. ... In the first five months of this year, steel production in Japan amounted…
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Europe has a huge problem with scrap metalTo get rid of the label of a climate hypocrite, the EU is trying to change the rules on waste disposal, and also includes steel and other scrap metal in this category. Some recycling companies are protesting against harmful trade restrictions. Steel producers emphasize that instead of getting rid…
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India reaches an agreement with Japan and South Korea on the supply of iron oreIndia has always been an important exporter of iron ore to Japan and South Korea. Since 2018, a total of 5.5 million tons have been exported annually. Currently, India has reportedly decided not to renew its long-term iron ore supply agreement with Japan and South Korea due to factors such as…
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