Metallurgy news

• Worldsteel alarmed by weak recovery in auto industry In its latest Short Term Review (SRO), the World Steel Association (worldsteel) said the global auto industry has recovered significantly from an initial Covid-19 lockdown last year, but there are several factors such as supply chain disruptions and interference. limiting further growth. Edwin... 18.10.2021  11:41

• Ukraine ends investigation into cable import The Interdepartmental Commission on International Trade of Ukraine announced that it has decided to cancel the tariffs set on April 23, 2021, to end the investigation of protective measures against cable imports and will not impose protective measures on the goods in question. Due to the fact that... 18.10.2021  11:35

• US may reach agreement on steel tariffs with EU as early as late October According to market news, the US government has applied a new tariff quota proposal for the EU, and both are tending to address the issue of tariffs on steel products that were started by the Trump administration. According to some market participants, an agreement could be reached as early as... 18.10.2021  11:29

• S&P raised Metinvest's credit rating to 'B +', one notch higher than Ukraine's sovereign rating Metinvest BV, the parent company of an international vertically integrated mining and metals group of companies (hereinafter - "Metinvest" or "Group"), informs that the credit rating agency S&P Global Ratings (hereinafter - "S&P" or "Agency") has increased the long-term the credit rating of... 16.10.2021  00:00

• CherMK improves the quality of sheet products In the metal finishing workshop No. 1 of the Cherepovets Metallurgical Combine (an enterprise of the Severstal Russian Steel division), new equipment was put into operation - a sheet shot blasting unit. The launch of the unit will improve the surface quality of high-strength and heavy-plate... 15.10.2021  12:38

• thyssenkrupp expands bearing production in China At the groundbreaking ceremony, thyssenkrupp rothe erde approved the expansion of the Xuzhou, China plant. “With the fourth production line of our Chinese company thyssenkrupp rothe erde Ring Mill Co. Ltd. we are responding to the growing demand for rings and slewing bearings in China and around t... 15.10.2021  12:35

• Nippon Steel Sues Chinese Steel Company For Patent Infringement Nippon Steel Corp. said on Thursday it had filed lawsuits against Chinese steelmaker Baoshan Iron & Steel Co. and Toyota Motor Corp., alleging a patent infringement for a manufacturing technology associated with a key device for electric vehicles in a rare legal battle between a Japanese... 15.10.2021  12:31

• Steel production in Kazakhstan for three quarters increased by 17.7% During September 2021, Kazakhstan smelted 411 109 tons of crude steel (a month earlier - 372 869 tons). Production growth on an annualized basis - 16.3%. For 9 months, the indicators increased by 17.7% to 3,380,160 tons, according to the Bureau of National Statistics of the Agency for Strategic... 15.10.2021  12:24

• Steel production in Ukraine increased in January-September According to the statistics of the Association of Ukrainian Metallurgists, in the first nine months of this year, Ukraine produced a total of about 16.3 million tons of steel, which is 6.3% more than in the same period last year. During the reporting period, the volume of pig iron production in... 15.10.2021  12:14

• Growth in global steel demand in 2021 reduced due to China The World Steel Association (worldsteel) today released an updated version of its short-term forecast (SRO) for 2021 and 2022. Worldsteel predicts that steel demand will grow by 4.5% in 2021 to reach 1,855.4 million tonnes after rising 0.1% in 2020. Steel demand will rise 2.2% in 2022 to 1,896.4... 15.10.2021  12:12