Metallurgy news
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Impact of duties on the export of scrap metal in UkraineThe result of two years from October 2016 to September 2018 of the introduction of duties on the export of scrap metal in Ukraine was an increase in revenues to the state budget, that is, the direct economic effect from the export of raw materials amounted to almost UAH 1 billion. Certain positive…
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Steel prices could rise againSteel prices in India may rise for the third time in a month, which is a rare case of volatility in the iron ore market. Since India has become the second largest steel producer in the world, the situation with the upcoming increase in prices for rolled metal products will be projected at the…
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UK Steel Welcomes Tariffs During Brexit TransitionThe UK Steel trade association has welcomed the UK government's approval that 15% anti-dumping steel tariffs will be rescheduled for Brexit. However, the association has called for an agreement to prepare to deal with trade cases. UK Steel CEO Gareth Stays says: “We warmly welcome the government's…
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USA tariffs on steel and aluminum in Canada may be canceledThe tariff cancellation comes amid rumors that Canada may refuse to ratify a new trade deal if tariffs are in effect. The US is likely to remove the steel and aluminum tariffs imposed on Canada. According to David McNaughton, Canada's ambassador to the US, tariffs are likely to be lifted in the…
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South Korea to impose anti-dumping duties on stainless steel from Italy and TaiwanThe Korea Trade Commission has proposed to introduce anti-dumping duties on stainless steel products from Italy and Taiwan for a period of five years. Citing imports to the detriment of domestic industry, the commission will ask the Ministry of Strategy and Finance to impose duties of 9.47% -18.56%…
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Japanese steel production fell to 10-year low in JanuaryJapan's crude steel production declined 9.8% year-on-year to a 10-year low of 8.14 million tonnes in January 2019, reflecting a 3.8% drop from December 2018, according to the latest data released Federation of Metallurgy of Japan. Steel production in Japan last fell to this level in July 2009 to…
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Glencore entered the Black Iron project in UkraineBlack Iron shares are skyrocketing following the signing of a memorandum of understanding with Glencore on an iron ore project in Ukraine. The shares of the Canadian company Black Iron Inc. rose more than 35% on Wednesday following the announcement of a memorandum of understanding (MOU) with mining…
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Slab prices in the CIS continue to risePrices for slabs offered by suppliers from the CIS countries continue to rise, fueled by a shortage of materials amid strong demand and a rise in prices for primary raw materials and finished sheet products. CIS slab sales were closed this week at $ 480-490 /t of Black Sea grade to Europe, with…
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HRC prices in Italy have risenItalian hot rolled steel producers are raising asking prices to € 500 /t ($ 566.7 /t) ex-factory, market sources for Kallanish say. One manufacturer increases its price to € 520 per tonne ex-factory. For the first time in several months, the Italian HRC touched EUR 500 /t after a period of low…
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US Steel will have a monumental impact on Alabama's steel industryUS Steel plans to invest $ 215 million to restart the billet steel furnace by 2020. An announcement by a US steel company in Pittsburgh to resume construction work on a state-of-the-art electric arc furnace (EAF) at a steel mill in Fairfield, Alabama is likely to generate significant growth for the…
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