Metallurgy news
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American manufacturers are grappling with steel shortages and rising pricesSteel prices in the United States are 68% above world market prices and nearly double that of China, even as prices in both China and Europe have risen more than 80% from the low prices caused by the pandemic. Steel Dynamics said it couldn't get enough flat sheets even for its own internal…
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Luma Automation plans expansion in HungaryLuma Automation Capital Group has successfully completed the acquisition of Iron-Tech Zrt. from Szigetváru, one of the leaders in the Hungarian market for the production of precision metal products intended primarily for the automotive and railway industries. The company also supplies building…
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Strange market situation: in Asia steel is more expensive than in EuropeCurrently, orders for rolled metal products for the production of household appliances date back to the beginning of 2022. The European Union has a huge demand for metal products, and the supply is limited due to the shutdown of the furnaces, and at the same time, a strange situation in which there…
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India became a net steel importer for the first time in the current financial periodIn the latest press release from the Ministry of Steel of India, it is noted that in January 2021, the country became a net importer of steel for the first time in the current financial year. For the first nine months, the country remained a net exporter. The net trade deficit was 0.06 million…
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Reducing discounts on steel exports from ChinaAs China's foreign steel trade rises steadily after the Chinese New Year lull, while international steel prices continue to climb, speculation about a possible cut in China's steel export tax breaks has intensified both in China and beyond. Speculation that China might renegotiate tax breaks on…
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Brazilian Iron and Steel Works CSN plans to raise prices by 25%Brazilian steel company Companhia Siderúrgica Nacional (CSN) CSNA3.SA said it expects prices to rise by an average of 25% in the second quarter. CSN CEO Benjamin Steinbruch told analysts that the steel mill's debt rating could be upgraded within "weeks" as the company expects to meet its 45-day…
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USA revises duties on imports of rolled metal products from Japan and AustraliaAccording to preliminary results of the US Department of Commerce (USDOC) administrative anti-dumping duty audits, imports of hot rolled flat products from Japan and Australia were determined to be trading below fair prices. value in the US market for the review period from October 1, 2018 to…
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China: low carbon steel becomes top priorityAs China strives for a cleaner, lower-carbon and more efficient steel sector, analysts expect multinationals to engage in deeper, better-quality cooperation in the Chinese market this year despite the impact of the COVID-19 pandemic. “China has spearheaded the recovery in global demand in 2020…
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Hoa Fat Achieves 1 Million Tons With Danieli QSPDanieli's new casting and rolling line for high quality coils has exceeded 1 million tonnes of rolled metal in 8 months after launch. The Dung Kwat plant in Vietnam, which is in the expanded commissioning phase, has produced 200,000 tonnes of HCR, which is 94% of the nominal capacity. According to…
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Ukrainian metallurgists ask to extend the export duty for scrap metalUkrainian producers of rolled metal have applied to the Verkhovna Rada with a request to extend the duty on the export of scrap metal for another 5 years. Otherwise, enterprises forecast a shortage of steelmaking raw materials on the domestic market of Ukraine. Today, the country applies a duty on…
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