Metallurgy news

• Russia imposes a new MET tax for metallurgical companies, abandoning the idea of ​​a new income tax Russia negotiated a new mineral extraction tax (MET) formula with Russian producers of steel, iron ore, coking coal, fertilizers and mixed ores such as those mined by Norilsk Nickel, but abandoned the idea of ​​a new income tax, officials said. Russia has abandoned the idea of ​​a formula-based i... 24.09.2021  09:47

• CISA: steel prices in China will fluctuate in the near future CISA warned that domestic demand for steel will decrease in the coming weeks due to the worsening international situation and slower economic growth in the country. CISA cites the latest United Nations data released on September 15 that shows global growth could fall to 3.6% in 2022 from 5.3%... 24.09.2021  09:33

• ArcelorMittal Kryvyi Rih appoints environmental ombudsman Kryvyi Rih, 23 September 2021 Olga Simakov took over the newly created position of environmental ombudsman at ArcelorMittal Kryvyi Rih. In her new position, Olga will be responsible for the implementation of the company's renewed environmental strategy, interaction with the eco-community, the... 23.09.2021  12:30

• European steelmakers tried to keep their prices at the same level Negotiations began this month for semi-annual and annual deliveries for the automotive industry. European steelmakers are keen to ensure that these contracts reflect the full growth achieved in the market since summer 2020. However, a shortage of semiconductors is hampering automotive... 23.09.2021  10:51

• Azovstal seeks to cancel the increase in tariffs for railway transportation The Azovstal metallurgical plant, operating in Mariupol, Donetsk region and part of the Metinvest group, has filed a lawsuit with the Kiev District Administrative Court (OASK), in which it asks the court to cancel the order of the Ministry of Infrastructure of Ukraine, which raised tariffs for... 23.09.2021  10:41

• The increase in taxes in metallurgy may reduce the export of Russian coal The tax reform in the Russian metallurgy will increase the cost of producing coking coal, which is used to smelt iron and steel. It is coking coal that has the greatest prospects to remain in demand on the world market even in the event of the final victory of the "green" agenda in the world and... 23.09.2021  10:25

• Iron ore price surpasses $ 100 again after Evergrande deal The price of iron ore jumped on Wednesday after China Evergrande Group, the largest residential real estate operator, said it reached an agreement with yuan-denominated bondholders to pay interest. In January, iron ore on the Dalian Mercantile Exchange of China closed its day trading 3.7% higher... 23.09.2021  10:05

• Steel production in Italy increased in January-August 2021 According to statistics from the Italian steel industry association Federacciai, in the first eight months of this year, Italy's crude steel production was over 16.3 million tonnes, up 27.5% over the same period last year. Production of long products increased by 32.8% year-on-year to 9 million... 23.09.2021  10:00

• Blast Furnace Capacity Utilization In China Drops To 83.74% Between September 10-16, blast furnace capacity utilization among 247 Chinese steel mills fell to a new low since early July, according to a Mysteel study, falling to 83.74% for the second straight week as Chinese steel surged. mills, especially those in Jiangsu in eastern China, have increased... 22.09.2021  11:28

• Exports of billets from the CIS countries stabilize due to demand in China Technically, as production volumes decline, China's buying interest will continue to decline. The drop in iron ore prices, which fell below $ 100 a ton on Tuesday, did not bother traders, who cited buying interest as the main factor behind the rise in prices in China at the moment. But they... 22.09.2021  10:38