Metallurgy news
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Tata Steel Eyes Expands Steel Production SignificantlyTata Steel has announced plans to expand its crude steel production capacity in India. The private sector firm expects a significant increase in capacity to 30 million tonnes per annum (t /a) by 2025. It should be noted that the current production capacity of the company is about 20 million tons…
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SSAB Reports Third Quarter Price and Margin DecreaseSwedish steel mill SSAB remains uncertain about Q3 developments in the European and US markets. Demand is expected to be weak and domestic prices to remain under pressure. Overall, SSAB was down SEK 314 million (USD 33.4 million) in the second quarter year-on-year to SEK 1,316 million, mainly due…
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Dneprospetsstal: results of June 2019In June 2019, PJSC DNEPROSPETSSTAL delivered 16,457 tons of steel, which is 10.8% less than the level of the previous month. During the same period, the Company produced 12,641 tons of rolled metal, which is 7.6% less than in May 2019. The total cost of commercial products manufactured in June 2019…
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Steel demand in India will grow by 7% in 1919-20Tata Steel Chairman Mr. N. Chandrasekaran, speaking to shareholders at his AGM, said that steel demand in India will grow by 7 percent in 1919-20, leading to 103 million tons amid a huge number of infrastructure projects. which are announced by the government. Mr Chandrasekaran added that Tata…
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British Steel sales are delayed againThe Daily Mail said the sale of British Steel will be delayed further. An email sent on behalf of Sam Woodward of the restructuring team said, “I can confirm that we have not set a deadline for completing the sale process. You noticed that various parties were present at the site last week for due…
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China to introduce anti-dumping tax on stainless steelOn Monday, China said it would impose anti-dumping duties on certain stainless steel products imported from the European Union, Japan, South Korea and Indonesia. Anti-dumping tariffs ranging from 18.1% to 103.1% will apply to stainless steel billets and hot rolled stainless steel sheets from…
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Turkish steelmakers struggling amid higher costsTurkish factories are in a difficult position due to the recent increase in energy prices, as well as high scrap prices in finished product prices amid sluggish mood in the domestic market and fierce competition in export markets. Production costs for Turkish mills have risen markedly in recent…
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Interpipe will continue to supply pipes to the US marketThe Ukrainian industrial company Interpipe declares that the Suspension Agreement on the non-application of a 7.5% anti-dumping duty in the United States on its oil and gas pipes in exchange for setting minimum prices for its products has expired due to the expiration of its validity period. The…
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Steel makers may cut revenues due to iron ore supply problemsThe latest research report from CRISIL said that non-integrated steelmakers' margins are likely to come under pressure, mainly due to rising iron ore prices. By the way, iron ore prices account for almost 15% of the total operating costs of non-integrated steel producers. Iron ore leases, which…
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Sino-Sino American trade war is unlikely to end soonThe Korea International Trade Association (KITA) said in its report that South Korea's trade strategies should be based on the assumption that the ongoing trade war between the United States and China is more constant than variable. “The war is likely to last a long time, even in the case of some…
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