Metallurgy news
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In January-August, China produced 55.51 million tons of steel more - CISAVice Chairman of the China Iron and Steel Association He Wenbo said strong domestic demand this year has supported iron and steel production in China and production support is expected to be sustained. In the first eight months of this year, pig iron and steel production increased by 55.51 million…
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UK Steel Companies Demand Reduced Energy CostsUK steel companies pay 62% more electricity than German firms and 80% more than French firms, according to Energy Price Gap - A New Deal for British Metals. The report says that “UK energy intensive industries are facing some of the highest industrial electricity prices in Europe. This is…
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Steel import prices in the EU continue to fallEU steel importers continue to feel pressure from falling prices. There is little evidence that prices have bottomed out and most importers still have material to sell at the docks that were ordered between June and July. Indian and Turkish suppliers are offering HRCs at around 405-410 Euros per…
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Britain says 88% of steel imports will not be affected by BrexitAccording to the report, if the UK leaves the European Union without a deal, 88% of the value of all imports will be eligible for duty-free access. It was reported that following a new "special verification procedure" the system could be reformed from the first day of Brexit if needed. The goal of…
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Canada To Continue AD Duties On Carbon Steel Sheet From 6 CountriesCancellation of existing anti-dumping duties in South Korea, Japan, Brazil, Indonesia, Italy and Denmark could lead to dumping, damaging the domestic steel industry, according to a report from the Canadian Customs Services Agency (CBSA) announced on October 4. The final decision will be made by the…
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Ukraine in January-September reduced foreign exchange earnings from the export of ferrous metals by 10.3%Metallurgical enterprises of Ukraine in January-September 2019 reduced receipts from the export of ferrous metals by 10.3% compared to the same period in 2018 - to 6,937,389 thousand US dollars from 7,736,155 thousand US dollars. According to customs statistics released by the State Fiscal Service…
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Global demand for metallurgical coke slows downThe slowdown in the growth of the global steel industry and the launch of coke oven capacity in Southeast Asia have led to a decrease in global consumption of metallurgical coke. The emergence of coke in the spot market from unconventional sources such as Australia and Japan indicates a slowdown in…
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Ukrainians can monitor state property using a botA new service has appeared that will allow you to monitor changes in state-owned enterprises. In Ukraine today there are 3,654 state-owned enterprises, and this is too many. Government Minister Dmitry Dubilet announced this on Facebook. “We launched a new service with Opendatabot. He will make our…
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Turkish CRC exports fell in AugustTurkey exported about 18,000 tonnes of cold rolled steel coils (CRC) in August, according to the Turkish Statistical Institute (TUIK), a 45% decrease from the same month a year ago and significantly lower than the 30,300 tonnes in the previous month. , Among them, Spain was the main destination…
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Ukrainian DMKD suspended part of its pig iron production capacity due to low demandDnipro Steel Works (DMKD), a Ukrainian billet producer, recently made an official announcement as the global steel market remained slow and weak, the corporation decided to close part of its production capacity and 2 more blast furnaces. DMKD mentioned that they will close blast furnaces No. 9 and…
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