Metallurgy news
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Results of the 1st quarter on the use of the EU tariff quota in order to protect against steel importsOn March 31, 2019, the first, shortest quarter of the final protective measure introduced by the European Commission regarding the import of rolled metal into the customs territory of the European Union ends. Recall that there are 3 periods in total (I - from 02/02/2019 to 06/30/2019; II - from…
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Turkish factories have reduced prices for shipments of scrap metal from the United StatesTurkish factories have finally broken the resistance of US scrap metal traders to lower rates after another flood of orders this week. This week there were seven reported for scrap, three from Europe, two from the Baltic and two from the United States. The most significant of these is the latest US…
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US Steel Manufacturers Association Challenges Trump Tariff ConstitutionalityThe American Steel Industry Association said it would challenge a recent federal court ruling upholding the constitutionality of President Donald Trump's actions to impose tariffs on steel and aluminum imports from U.S. trading partners. The American Institute for International Steel (AIIS) said on…
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US sheet metal buyers see price pointsDespite the fact that steel sheet prices in the US are gradually strengthening, market sources say there is still a supply of inexpensive hot rolled products. Some of the producers raised prices for hot rolled steel on Monday to $ 730-750 per tonne, while cold rolled steel rose to $ 840-860 per…
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China's economy is recoveringChina's economy is showing further signs of recovery after months of slowdown, although bearish pressures still persist, according to available indicators on market sentiment and business conditions. Stocks and small business sentiment boosted, while trade data and a survey of sales managers…
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Mexico opposes US proposal for quotas on steel and aluminum suppliesMexico said Monday that it opposes the US proposal for quotas on steel and aluminum, and reiterated calls for the lifting of tariffs on these products under US Section 232 for reasons of national security. “The position of the Mexican government is that the use of 232 on steel and aluminum is…
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Ukraine became in the rating of world manufacturers in two months of 2019Pig iron production According to Worldsteel, in two months of 2019, metallurgical enterprises of the countries of the world produced 216.03 million tons of pig iron, of which 201.77 million tons by blast furnace method and 14.26 million tons by direct reduction. This is 4.89% higher than the…
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ArcelorMittal will make Kryvorizhstal a "modern enterprise" by 2025We are gradually moving forward and are not abandoning our goal - to make the enterprise fully modern by 2025, said Paramzhit Kalon, General Director of ArcelorMittal Kryvyi Rih in a video interview. According to him, today the company is working on the construction of machines for continuous…
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Tenaris Announces Acquisition of IPSCO Pipe ManufacturingIPSCO is the American subsidiary of the Russian steel pipe manufacturer PAO TMK. Luxembourg-based Tenaris SA has reached a definitive agreement to acquire IPSCO Tubulars, Inc. for the amount of 1.2 billion US dollars. The agreement was signed on March 22. The transaction is subject to regulatory…
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Indian steel companies grapple with sanctioned Iranian steelCheap steel imports from the Association of Southeast Asian Nations (ASEAN) have always been a problem for Indian steel companies, but Indian steelmakers are now worried about heavily discounted steel imports coming from Iran, a country that is under economic sanctions imposed by the United States…
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