Metallurgy news
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Steel prices in China may be reduced in NovemberSteel prices in China's domestic market may still rise this month as demand growth may outpace supply growth, Wang Jianhua, chief analyst at Mysteel, shared his short-term market outlook on October 30. Wang predicts that weekly production of the five major finished steel products could decline…
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Production results of Metinvest for the 3rd quarter and 2020During the 3rd quarter of 2020, pig iron production increased by 17% compared to the previous quarter - up to 2,305 thousand tons - thanks to the launch of two blast furnaces at the Mariupol plants in May due to the recovery in market demand. As a result, the production of pig iron at the Azovstal…
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Tensions between China and Australia over commodity tradeAustralia's ties with its top trading partner, China, soured in 2018 when it became the first country to publicly ban Chinese Huawei from its 5G network and deteriorated after Canberra called for an investigation into the origins of the coronavirus. Since then, open diplomatic repression has…
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The United States will revise duties on imports of hot-rolled rolled steel from Ukraine, China and RussiaThe United States International Trade Commission (USITC) is going to once again look at anti-dumping duties on hot-rolled carbon trim, imported from Ukraine, China and Russia. This was reported on the website of the organization. USITC will review protective measures in connection with the…
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Russia continues to be the main steel producer in the CIS regionThe monthly production data released by the World Steel Association (worldsteel) indicates a nominal decline in crude steel production in the Commonwealth of Independent States (CIS) region in September this year. Production in the region decreased by 0.3% compared to the previous year. Production…
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The profitability of the metallurgical sector is increasingIn 2020, the global steel industry has been hit by economic constraints related to the coronavirus, rising raw material prices and falling steel prices. Catastrophic financial results were recorded at enterprises in all regions. Between May and August this year, profitability dropped to multi-year…
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Steel production in Asian countries contradicts global trendThe leading producer, China, accounted for almost 79% of the total production in the region in a month. The latest production data released by the World Steel Association (wordteel) indicates a modest increase in steel production in Asian countries this September. China was the leader in production…
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The metallurgical equipment repair shop of PJSC "DNEPROSPETSSTAL" celebrates its 75th anniversary.The Metallurgical Equipment Repair Shop marks the anniversary. The structural unit of PJSC "DNEPROSPETSSTAL" celebrated its 75th anniversary on October 31. The shop team carries out the most complex repairs, many of which are unique. Also, repairmen are involved in the modernization of equipment…
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Steel market in Brazil will be stable until the first quarter of 2021Brazilian steel company CSN reported strong results, including 27% growth in steel sales in the third quarter of this year compared to the same period last year. Therefore, CSN expects that the imbalance between supply and demand for steel in Brazil will continue until the end of the first quarter…
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U.S. Economic Growth Reaches All-Time HighAccording to official US government statistics, gross domestic product (GDP) growth in the third quarter of this year was 33.1% compared to the previous quarter. It was a new all-time high that also exceeded market expectations. The main reason for this huge recovery was related to the government's…
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