Metallurgy news
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Fitch Ratings Global Steel predicts negative consequences for the steel marketFitch Ratings believes that modest growth in global steel demand and increased supply associated with earlier capacity investments will continue to weigh on the industry in 2020. While we expect a moderate recovery in the next 12 months, the impact that has already been seen on capacity utilization…
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ArcelorMittal and Nippon Steel complete acquisition of Essar SteelArcelorMittal announces the completion of the acquisition of Essar Steel India Limited and concurrently creates a joint venture with Nippon Steel Corporation called ArcelorMittal Nippon Steel India Limited, which will own and operate ESIL. ArcelorMittal owns 60% of AM /NS India shares and Nippon…
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Brazil issues final decision to revise duties on steel plate from ChinaRecently, the Chamber of Foreign Trade of the Brazilian Ministry of Economy (CAMEX) announced the final decision to impose anti-dumping duties (ADD) on imported steel plates from China. CAMEX has decided to extend its import duty on steel plates from China for 5 years at a duty of US $ 211.56 per…
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More expensive scrap metal raises wire rod prices in TurkeyTurkish wire rod producers have further increased their quotes as prices for imported scrap metal continue to rise. Turkish factories' prices for wire rod, which last week stood at $ 460-470 per tonne, rose to $ 475-485 per tonne in Turkey. However, some factories have higher prices up to $ 500…
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Results of the metallurgical industry of Ukraine in November 2019Metallurgical enterprises of Ukraine in November 2019 produced: pig iron - 1.39 million tons, which is 12.5% lower than October 2019; steel - 1.33 million tons, which is 15.1% lower than October 2019; rolled metal products - 1.24 million tons, which is 14.8% less than October 2019. According to…
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Thyssenkrupp in talks with Tesla on German plantThyssenkrupp hopes to win contracts for a planned plant that Tesla has decided to build near Berlin. Thyssenkrupp board member Klaus Keisberg said the company is in talks to introduce certain services and supplies of rolled metal products. Tesla CEO Elon Musk announced a few weeks ago that he would…
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Prices for billets in the CIS are above $ 400 per tonCIS billet prices rose again last week as several traders and reportedly end users ordered various batches of Russian and Ukrainian billets, virtually closing the January supplier distributions. Recent procurement deals ranged from US $ 405 /t FOB for Ukrainian metal to US $ 420 /t for a small…
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US plans to restore duties for Turkish steel producersIn a preliminary administrative review notice released on Wednesday, the Commerce Department of Commerce announced that Turkish steel maker Colakoglu sold HRCs in the United States at below normal prices during a period spanning October 1, 2017 to September 30, 2018. As a result, Colakoglu and…
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Dneprospetsstal exceeded the plan for the shipment of commercial gradeIn November 2019, 17 788 tons of steel were delivered to PJSC “DNEPROSPETSSTAL” (at the level of the average monthly indicator for 10 months of 2019). During the same period, the Company produced 12,771 tons of rolled products, which is 1.2% more than the monthly average for 10 months. Dec 2019 The…
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Ukraine launches investigation into imports of Chinese seamless pipesThe Interdepartmental Commission on International Trade of Ukraine announced its decision to launch an anti-dumping (AD) preliminary investigation into the import of Chinese seamless stainless steel pipes. The products involved in this investigation were HS codes 7304.41.00.90, 7304.49.93.00, and…
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