Metallurgy news
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EU expects further increase in steel pricesAnti-dumping duties have significantly changed the delivery map in the region. EU distributors are forced to look for goods mainly from local steel producers due to the elimination of popular import routes. The market situation is self-regulating through further price increases. The main reason for…
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EU assesses the need to introduce new duties on steel importsEU steelmakers indicated that they are examining statistics on steel imports released by customs to assess the need for an anti-dumping investigation on steel imports from Iran, India, South Korea and Turkey. The European Metallurgical Union said that the European Commission should take measures to…
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Friction Rises in Iran Over Export Duty on Iron OreThe Iranian Association of Iron Ore Producers and Exporters (IROPEX) believes the Iranian government should cancel plans for an export tax on iron ore. According to previous news, Iran's Ministry of Mines and Trade announced last December that it is planned to introduce a 10% duty on iron ore…
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Strikes in mines in Chile and Indonesia lead to shortages of copper concentrateSupply disruptions at two large mines in Chile and Indonesia have caused a global shortage of copper concentrate. The disputes at the Escondida and Grasberg mines have "had a major impact on the global supply of copper concentrate," the Financial Times reported, adding, "For the first time in 15…
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Turkey more than doubles wire rod exports in JanuaryAccording to the Turkish Statistical Institute (TUIK), in January, wire rod exports from the country amounted to 148,790 tons, an increase of 106.4% over the same period last year and 111.4% over the previous month. At the same time, exports generated US $ 65 million, an increase in monetary terms…
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French steel production remains stableThe French Steel Federation (FFA) released the latest data for January 2017. Steel production in France was 1.33 million tonnes, remaining stable compared to the same period last year. During the reporting period, there was a decrease in steel output from electric arc furnaces, falling by 14.8% to…
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Taiwan increases orders of steel plates from RussiaTaiwan recently purchased 10,000 tonnes of steel sheet from Russia for shipment in May. The deal marks the second order since the 2017 Chinese Lunar Year celebrations, combined with 2 shipments this month, bringing the total to 40,000MT. The previous two shipments of some 20,000 tonnes will be on…
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US steel production rises year on yearDuring the week ending March 4, 2017, U.S. crude steel production rose 1.76 million tonnes, up from 1.69 million tonnes in the same period last year, according to the American Metallurgical Institute. Capacity utilization was 74.3%, an increase of 3.8% over the same period last year. As of March 4…
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Steel consumption in China remains stable this yearChina's gross domestic product (GDP) will grow by 6.5% in 2017, according to the metallurgical industry and the Planning Research Institute of China. Due to changes in the structure of China's industrial production and trends in the steel and commodity markets, as well as forecasts of China's GDP…
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Ukrainian blockade led to an increase in scrap pricesThere are currently two factors driving the rise in European scrap prices. First, scrap steel import prices rose again in March in Turkey, the largest consumer of scrap metal. Secondly, the price of pig iron has risen sharply due to the blockade of the Ukrainian railway system, which has increased…
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