Metallurgy news
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US Can't Lose Benefit from Steel TariffsOn Friday, when the Trump administration decided to suspend Article 232 tariffs on steel imports from Canada and Mexico, groups representing the US steel industry said the US and its North American trading partners must be vigilant to prevent an increase in levels. import to the continent. , “232…
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Posco Seeks Facilitation Of Steel Imports To Mexico Against USSouth Korea's largest steelmaker Posco turned to Mexico for steel import assistance after failing to persuade the United States to lift the Korean steel quota. According to the Korean steel giant, the company has asked the Mexican government to consistently increase its import quota for automotive…
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MMK is approaching the completion of the construction of the second stage of a modern sinter plantIt is expected that the new high-tech sinter plant of PJSC Magnitogorsk Iron and Steel Works (MMK), the second stage of which is planned to be put into operation in the near future, will add c. USD 40 million to EBITDA of the Company per year. In addition to increasing productivity, the unit should…
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Tokyo Steel keeps steel prices unchanged in June for 6th consecutive monthTokyo Steel Manufacturing Co Ltd, the largest electric arc furnace steel producer in Japan, said on Monday that steel product prices will be stable in June for the sixth consecutive month, citing a weaker overseas market and strong domestic inventories. In June prices for steel bars, including…
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ArcelorMittal Kryvyi Rih "plans to reconstruct the wire mill No. 1At a public hearing, ArcelorMittal Kryvyi Rih presented an environmental impact assessment report for the reconstruction project of Wire Mill No. 1 with the replacement of two layers and two tribes. The design decisions were made based on the basic engineering of the technology and main equipment…
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USA with Canada and Mexico versus steel from ChinaPresident Donald Trump said on Friday that the United States has entered into an agreement with Canada and Mexico to lift duties on steel and aluminum imports from those countries. In return, Ottawa and Mexico will take steps to prevent Chinese steel exports to these countries. Washington is to…
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British Steel Saved 4,500 JobsBritish media report successful negotiations in the UK. Aiming at British Steel's troubles, he contacted creditors. The company received approval for additional funding, which will save 4,500 employees. The situation in British Steel (BS) is reported by The Guardian on Friday (May 17). The…
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Iron ore contracts hit record highIron ore futures in China rose nearly 6%, to a record high since contracts were launched in 2010, driven by an outlook for strong demand from steel mills. The most active contract for the supply of iron ore in September on the Dalian Mercantile Exchange climbed 5.8% to 710 yuan ($ 102.87) per…
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US Steel Import Permits Up 27%A recent report released by the American Institute of Iron and Steel (AISI) indicates a significant increase in steel import filings in the month of April this year. Based on the latest data from the Department of Trade and Steel Import Analysis (SIMA), the number of permits increased by 3.6% on a…
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Mexico Considers Posco Cold Rolled Steel Import QuotaMexico is revising South Korean steelmaker Posco's commitments to import cold rolled steel into the country. So says the Mexican Minister of Economy (SE) in a document published in the official gazette. Posco says it expects growth in the Mexican automotive sector between 2019 and 2023 and…
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