Metallurgy news

• China's daily steel production fell in September China's average daily steel production fell slightly in the middle of September, with tonnage down 7,200 tonnes/day, or 0.2%, from early September to an average of 3.03 million tonnes/day, according to Mysteel's estimate based on survey of 247 blast furnace (BA) and 87 electric arc (EA) steel mills... 25.09.2023  14:52

• The Russian government is considering export duties on most goods The Russian Ministry of Finance and the Ministry of Economy are considering the possibility of introducing export duties on almost all types of goods from October 1 until the end of 2024. A source at the steel mill confirmed to Kallanish Commodities that these discussions are taking place. The... 25.09.2023  13:43

• Indian, Canadian officials discuss critical mining cooperation An Indian minister has held talks with Canadian officials to expand key mining cooperation, the Indian government said, amid strained diplomatic relations between the two countries. India's Coal and Mines Minister Pralhad Joshi "has decided to strengthen the supply chain for critical minerals"... 20.09.2023  14:32

• UK government agrees support package for Tata Steel Tata Steel has received a £500 million support package to secure the future of the Port Talbot steelworks. Unions say the deal will be "devastating" as around 3,000 workers are expected to lose their jobs. India's Tata group, which owns a huge steel plant in South Wales - the UK's largest - is ... 19.09.2023  16:12

• Baosteel: China to limit steel production this year According to the report, China's state-owned steelmaker Baosteel said the Chinese government will continue to curtail steel production this year to meet the country's goal of zero-carbon growth in the sector within two years. Wu Xiaodi, general manager of Baosteel, noted that the policy of... 05.09.2023  17:00

• UK Steel welcomes extension of anti-dumping and countervailing measures Anti-dumping and countervailing measures against Chinese HRC imports remain in effect until April 2027. Anti-dumping measures against imports from Brazil, Iran and Russia remain until October 2027. The Association supports the lifting of restrictions on Ukrainian imports The UK steel industry... 02.09.2023  16:04

• Billet prices in Tangshan have risen slightly Tangshan billet prices in northern China's Hebei province are estimated by Mysteel to have rebounded slightly from losses in the previous three weeks, market watchers said. As of Aug. 27, the billet price in Q235 at Tangshan rose to 3,510 yuan per tonne ($481.2 per tonne) EXW, including 13% VAT,... 29.08.2023  12:14

• Credit insurance company Atradius expresses concern over German steel Atradius, the world's second largest credit insurer, has noted the weakening of the German steel industry this year and sees ongoing challenges with the overall industrial transformation. German branch Atradius notes that the results and forecasts of factories and consumers have become more... 29.08.2023  12:04

• Prospects for long steel market in Poland after summer are bleak amid slow construction Rebar Fastmarkets weekly valuation of steel rebar (rebar) in the domestic market, without delivery to Poland, was PLN 2630-2650 (USD 637-642) per ton and has not changed since August 18. There was still limited trading in the Polish rebar market and sources did not expect prices to recover in... 29.08.2023  11:06

• Ukraine introduced duties on coated steel made in China Ukraine has introduced final anti-dumping measures against imported coated carbon steel products from China. The duties will take effect on August 12, Callanish notes. This decision followed an investigation initiated by the Interdepartmental Commission on International Trade of Ukraine in... 18.08.2023  13:13