Metallurgy news
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China stabilizes the rolled metal marketChina will strengthen both supply and demand management to curb "unwarranted" increases in commodity prices and prevent them from being passed on to consumers, the country's cabinet said Wednesday, according to a report by state broadcaster CCTV. Commodity prices such as steel, iron ore and copper…
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Tokyo Steel will raise product prices in June to 18%Tokyo Steel Manufacturing Co Ltd said it would raise prices for all of its steel products by 9.5-17.6% in June, reflecting higher overseas prices and anticipated higher domestic demand. The price hike in June by Japan's largest electric arc furnace steelmaker, which produces steel products…
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Iran expects export growth after restrictions are liftedIran's Ministry of Industry, Mines and Trade has lifted certain restrictions on the export of semi-finished steel products for three months from June 1. Exporters will no longer need a license to sell overseas, but they will still need to first offer a certain tonnage on the Iranian Mercantile…
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U.S. crude steel production up 47%Weekly U.S. crude steel production posted a notable 47.1% rise in the week ending May 15, 2021, compared to the same week in 2020, according to the American Iron and Steel Institute (AISI). Weekly US crude steel production was 1.799 million tonnes. The utilization rate of the production capacity of…
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World Steel Association issues CO2 directiveThe World Steel Association has published a public policy document on how the industry can reduce CO2 emissions. The eight-page report focuses on reducing emissions from iron and steel production. The association's report highlights three steps the industry can take to reduce emissions: improving…
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The rest of steel prices in China are declining, but prices remain highFitch Ratings expects steel price growth in China to slow in the coming weeks as summer approaches, as downstream demand tends to fall during the season due to sluggish construction activity. However, the combination of high iron ore prices and new environmental regulations restricting supply is…
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JSPL Records Highest Steel Output EverJindal Steel & Power Limited (JSPL) recorded the highest steel production in the fourth quarter of fiscal 21. The volume of production, including pig iron, amounted to 2.07 million tons, which is 35% more than in the previous year. JSPL Standalone reported a record EBITDA of Rs 4,884 crore. The…
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Rising raw material prices lead to higher prices for pig ironCommercial pig iron prices have risen over the past week, fueled by higher prices for iron ore, scrap and finished goods. While activity remains subdued, China's strong interest in imports inspires confidence in sellers to boost supply, while alerting some former fence-sitters to act. This led to…
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US and EU reach temporary tariff truce on metalsThe Biden administration is set to announce a truce in a dispute with the European Union over metals tariffs, freeing iconic products like American Bourbon whiskey from doubling EU tariffs next month, sources familiar with the matter said. The decision could be announced as early as Monday, people…
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Imports of stainless steel to Russia rose in MarchAccording to statistics published by the Association of Consumers and Suppliers of Special Steel and Alloys (Association Special Steel), the total volume of stainless steel imports to Russia in March 2021 amounted to 34,770 tons, which is 14.8% more than in the previous month. During the reporting…
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