Metallurgy news
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ArcelorMittal announces increase in rental pricesArcelorMittal has begun to announce to its sales agents and customers across Europe that it intends to raise prices for long products. This will apply to all new orders that will be delivered in July and the third quarter. The increase is calculated at around € 15 /tonne ($ 16.85 /tonne) for…
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EU steel executives demand import action45 European steel leaders and the head of the steel association sent an open letter this week to the continent's heads of state and government and EU institutions. The goal is to require the strengthening of existing protective measures from the beginning of July. In a publication published by the…
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Energomashspetsstal shipped rolls to the Indian company Essar SteelThe specialists of PJSC Energomashspetsstal shipped backup rolls to the Indian steel company Essar Steel. The total weight of the products shipped was 154 tons. The roll order was received in 2018. At the moment, work continues on the next set of rolls for India, which will be delivered to the…
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Liberty Steel Group among contenders for troubled British SteelInsolvency Service announced that several parties have expressed interest in buying all or part of British Steel's steel assets, which were forcibly liquidated in May due to their inability to obtain new funding from the government. To date, about 80 companies have contacted the official recipient…
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Global steel demand is expected to recover in the second half of the yearSteel demand is likely to rebound in the second half of this fiscal year on the back of expected growth in the infrastructure sector, according to the Icra report. She noted that the decline in demand and the reduction in steel exports contributed to the low growth in steel production at 3.3…
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Nippon Steel fears lower profit from US tariffsJapanese company Nippon Steel Corp. said any move by Washington to impose tariffs on Japanese cars and auto parts would hamper its revenues, but expected the direct impact of proposed tariffs on US imports from Mexico to decrease. In an effort to curb the surge in illegal immigration, US President…
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Steel prices in the US will rise, and the economy will be "fantastic"The second half of 2019 will be “fantastic” for US steel prices, Cleveland-Cliffs CEO Gonsalves said in an interview. A 21% decrease in the price of hot rolled steel produced in the United States since the beginning of 2019 (to $ 582.75 from $ 740 per tonne) has affected companies throughout the…
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China's Largest Steel Maker To Acquire Smaller CompetitorChina's largest steelmaker is set to absorb a smaller competitor in a policy of consolidating a bloated industry. China's state-owned Baowu Iron and Steel Group will acquire 51% of Magang (Group) Holding Co. Ltd. The move will increase Baowu's total production capacity from 70 million tonnes to 90…
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NLMK counts on investments in the USANLMK's investment strategy for US assets is ready for implementation. It is only a matter of time before this should be done, said company chairman Vladimir Lisin during a media briefing. “NLMK invests where the market is: we controlled part of the US slab import market and planned significant…
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Vietnam introduced a duty on Malaysian and Kazakh procurementVietnam has introduced protective measures for harvesting from Malaysia and Kazakhstan. The 17.3% duty comes into effect from June 13 to March 21, 2020 and thereafter will expire to 0% unless renewed. Billet imports from these two countries were previously exempted from protective duties when…
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