Metallurgy news
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Iron ore price surpasses $ 200 againIron ore prices jumped on Tuesday, boosted by reports that the Tangshan steel center plans to reduce production cuts at its plants. The Tangshan government held a symposium on Monday to discuss lowering the production cutback rate for some plants that have completed ultra-low-emission upgrades, the…
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Indonesia is the world's second largest exporter of stainless steelIndonesia has evolved from a country only importing stainless steel in the past to the second largest stainless steel exporter in the world. Indonesia received a lot of investment because Indonesia supported foreign-invested companies to build factories and protect the interests of foreign…
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Mexico launches fifth investigation of Russian sheet steelThe Mexican Secretariat for the Economy (SE) has announced that it has launched a fifth anti-dumping (AD) investigation against flat steel from Russia, following a request from Mexican producers Ternium Mexico SAde CV and Altos Ornos de Mexico, SAB de CV (AHMSA). The investigation covered the…
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Indian JSW Steel intends to increase production capacityAccording to reports, the Vijayanagara plant's steel capacity under Indian steel producer JSW Steel was slated to increase by 5 million tonnes per annum to 17 million tonnes per year by the end of the fiscal year ending March 2024. The company announced that it will spend Rs 150 billion to expand…
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Steel production in China increased in January-AprilChina's hot rolled coil (HRC) production in April was about 16.16 million tonnes, up 8.2% from the previous month. In the first four months of this year, China's HRC production totaled approximately 61.23 million tonnes, an increase of 18.1% over the same period last year. During the same period…
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Japan's steel and iron production fell in AprilAccording to statistics from the Japan Iron and Steel Federation (JISF), Japan's crude steel production was about 7.8 million tonnes in April, down 6% from the previous month and up nearly 19% from the same month last month. of the year. During the same period, pig iron production in Japan was…
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US crude steel production plummetsAccording to statistics from the American Iron and Steel Institute (AISI), for the week ended May 22, crude steel production in the United States was about 1.79 million short tons, down 0.3% from the same period a week ago and up 54. 6. % compared to the same period a year earlier. The capacity…
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Fitch Solutions raised its forecast for world steel pricesUS ratings agency Fitch Solutions announced that due to imbalances in supply and demand, the forecast short-term global steel price for the first half of 2021 has been raised to USD 800 per tonne from the previous forecast of USD 660 per tonne. In the second half of the year, production will be…
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Belarusian BMZ signed an export agreement with ItalyThe Belarusian Metallurgical Plant (BMZ) has signed a major export agreement for goods to be exported to northern Italy for the supply of seamless pipes and steel in 2022. The materials will be used in the automotive and bearing industries. BMZ mentioned that it is also in talks with a large…
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China and the United States discuss trade conflictsAccording to a telephone meeting between Chinese Vice Premier Liu He and US Trade Representative Catherine Tai on May 26, they both believed that the development of bilateral trade was really important. However, during the negotiations, Liu He mentioned that the US should first remove tariff…
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