Metallurgy news
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MMK in Russia to increase rolled steel production in Q4Magnitogorsk Iron and Steel Works (MMK), the largest steel producer in Russia, will increase steel exports in the fourth quarter of this year. The main reason for the increase in production in the last quarter of this year is the completely revamped hot-rolled mill. With the addition of a new…
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Liberty Steel will increase Adhunik Metaliks' annual capacity by 1 million tonsLiberty Steel, a UK-based international company offering complete offerings from liquid steel to high quality precision steel, recently doubled capacity at Adhunik Metaliks, a bankrupt steelmaker that Liberty acquired in March, with the aim of increasing capacity to one million tonnes. a year in…
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China may lift ban on scrap imports in early 2021From Japanese sources it became known that China may lift the ban on imports of scrap metal in early 2021 or no later than June next year. China has reclassified steel scrap as a recyclable resource, so scrap will not be considered waste and therefore will not be subject to the import ban. Due to…
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Russian Severstal develops A800R class valvesRussian Severstal has developed and mastered the A800R rebar technology, especially in the field of stress relief. The A800R class fittings are manufactured at the Cherepovets Metallurgical Plant and have high strength and bending resistance. This steel reinforcement is suitable for use in complex…
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USA retains AD duty on wire rod imports from BelarusThe United States Department of Commerce (USDOC) has announced the final results of a Changed Circumstances Survey (CCR) of anti-dumping (AD) duties on reinforced concrete reinforcing bars (rebars) and wire rods from carbon and alloy steel from Belarus. The final AD duty was kept at 114.53% for…
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World steel production increased by 3% in SeptemberWorld crude steel production continued to grow in September 2020. The monthly production statistics released by the World Steel Association (worldsteel) indicate a 2.9% increase in production from the same month a year earlier. Production in September '20 in the 64 countries represented by the…
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Chinese prices for HRC may fall in late OctoberChina's hot rolled coil price rose marginally by 1.34% last week for two reasons. First, at the beginning of the week, coil prices fluctuated upward. Meanwhile, limited production measures were taken to protect the environment, and maintenance work on factories in the Tangshan region also helped…
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Severstal's net profit decreased in Q3According to Severstal's report, the company's net profit in the third quarter of this year was USD 167 million, which is 57.3% less than in the previous quarter. Sales revenue increased 17.9% quarter-on-quarter to US $ 1.87 billion, driven by higher sales of Severstal, recovery in steel prices and…
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Consumption of hot rolled steel is growing in ScandinaviaA gradual recovery in consumption in Denmark was reported, supporting the moderate increase in hot coil prices in October. In Sweden, the trend in demand varies by sector, with sales to pumping equipment and forklift manufacturers declining very slightly during this year's difficulties. The ordered…
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Huge investment in new steel projects to increase production capacityThe overcapacity situation will lead to serious competition in the industry. The Southeast Asian Iron and Steel Institute (SEAISI) warned that large investments by regional steel producers in new steel projects could lead to a potential overcapacity situation. There has been a significant increase…
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