Metallurgy news

• Vietnam freezes imports of Indian and Chinese rolled metal products This week, Vietnamese importers agreed to higher prices for re-rolling of hot rolled coils. Demand for rolled metal products has decreased due to isolation measures in Ho Chi Minh City to combat the pandemic. On the other hand, a cut in production in China will reduce Chinese supplies from the... 15.07.2021  11:50

• China will cut steel exports in 2021 Steel exports from China will fall this year due to government policies to reduce or maintain crude steel production at 2020 levels, said one executive at major producer Hebei Iron & Steel (Hesteel). Steel exports from the country are expected to decline in 2021 compared to last year, while... 15.07.2021  11:46

• EUROFER on effective protection against carbon leakage On July 14, the European Commission's “Fit for 55” package was released, which will revise the EU's climate and energy policies. The new policy aims to reduce carbon emissions by 55% from 1990 levels. Axel Eggert, CEO of EUROFER, commented on the new policy, according to which the European Com... 15.07.2021  11:44

• US court defends Trump hike in steel tariffs from Turkey The U.S. Court of Appeals for the Federal Circuit ruled on July 13 that former President Donald Trump was entitled to double the tariff on Turkish steel imports from 25% to 50% under section 232, thereby overturning a 2019 U.S. Court of International Trade decision that to such actions. The... 14.07.2021  09:47

• ArcelorMittal Sestao to become a zero CO2 plant ArcelorMittal's Spanish plant in Sestao will be the world's first steelmaker with zero CO2 emissions throughout the entire production process. This will be possible through the use of green hydrogen and electricity from renewable energy sources. The project is part of a memorandum of... 14.07.2021  09:44

• What will happen after the abolition of the export duty in Russia Russia is considering longer-term measures to capture the majority of mining companies' profits after the temporary export tax ends at the end of this year. Last month, the government announced tariffs of at least 15% on exports of steel, nickel, aluminum and copper from August 1 - at varying... 13.07.2021  13:09

• Formosa Ha Tinh Steel Postpones Price Change For September As steel prices in China have risen recently, China's Baosteel has announced that it will maintain its hot rolled coil (HRC) price for August. According to the previous chart, Vietnamese Formosa Ha Tinh Steel Corporation (FHS) will announce the price for September yesterday (July 12). However,... 13.07.2021  10:52

• Steel price growth should correct in the second half of the year According to CARE Ratings, global steel prices will decline in the second half of 2021 due to reduced steel supplies and normalized economic conditions. The rating agency's report said the global market saw a 15% increase in steel production in the first half of 2021 compared to the same period... 13.07.2021  10:08

• Indian steel production to rise to 150 million tonnes in fiscal year 21-22 According to a report by ICRA Limited (ICRA), India's rating agency, India's steel industry continues to grow this year with new factories commissioned. India's steel production was reported to be projected at 150 million tonnes by the end of the current fiscal year ending March 31, 2022. ...... 12.07.2021  20:27

• Hungary considers restrictions on steel exports According to a ministerial declaration signed by Viktor Orban, Prime Minister of Hungary, the Hungarian government may restrict the export of strategically important raw materials and goods, including steel products. Consequently, Hungarian exporters may need government approval to export their... 12.07.2021  20:23