Metallurgy news

• EU begins in-depth study of IAG's plans to buy Air Europa The European Commission said on Tuesday that it has launched an in-depth investigation into the planned purchase of International Airlines Group by Spain's Air Europa. The Commission, which oversees EU antitrust policy, said it fears the proposed deal would reduce competition on Spanish domestic... 30.06.2021  10:54

• POSCO invests in a Chinese sheet steel mill Chinese steelmakers HBIS Group and South Korea's POSCO have agreed to invest $ 600 million in a joint venture to produce and sell automotive steel sheets in China, POSCO reported on Friday. In this way, POSCO aims to create a stable steel sheet supply chain for the automotive industry in China,... 30.06.2021  10:51

• US steel production fell According to statistics from the American Iron and Steel Institute (AISI), for the week ending June 26, crude steel production in the United States was about 1.84 million short tons, down 0.2% from the same period a week ago with an increase of 44. 3. % compared to the same period a year earlier.... 29.06.2021  11:37

• MMK and Paul Wurth signed a contract for the construction of a blast furnace PJSC Magnitogorsk Iron and Steel Works and Paul Wurth (a subsidiary of the SMS GmbH group of companies) signed a contract for the implementation of the investment project “Construction of a new blast furnace No. 11”. The project is designed for 3.5 years. The volume of investments of PJSC MMK wil... 29.06.2021  11:31

• Tokyo Steel revises its carbon plan Tokyo Steel said that as the world began to actively pursue a carbon neutral plan, the company decided to revise its Tokyo Steel EcoVision 2050. Tokyo Steel's original goal was to reduce CO2 emissions by 80% by 2050, which was announced in 2017. Now the firm has revised it to 100%. As a result,... 29.06.2021  11:04

• Exporters avoid Chinese tax duties Suppliers of rolled metal from China insist that buyers are contractually obligated to pay the full tax, which is collected before the shipment is shipped. But importers in ASEAN are resisting purchase contracts that include this clause. On June 24, a small batch of 3,000 tonnes of Chinese SS400... 28.06.2021  11:30

• Metallurgical production leaders in May 2021 The top ten steel-producing countries in May-2021 are as follows: 1.China (99.450 million tons, an increase of 6.6% to May 2020), 2.India (9.2 million tons, up 46.9%) 3.Japan (8.422 million tons, up 42.2%) 4.USA (7.249 million tons, an increase of 47.6%), 5.RF (6.560 million tons, an... 26.06.2021  10:49

• CISA: Daily steel production increased Based on the performance of its member plants, CISA estimated the country's daily crude steel output at 3.24 million tonnes /day for June 11-20, an increase of 1.09% from June 1-10, or also by 14% over the same period. last year. Mysteel's production overview for June 11-20 among a larger group... 25.06.2021  11:22

• Russian Proposed Export Duty Will Harm Industry According to industry participants, Russia's decision to apply a 15% duty on all major export goods of ferrous and non-ferrous metals within six months will negatively affect the industry and displace Russian steel products from the world market. The Russian metallurgical plant NLMK is... 25.06.2021  10:50

• China's role in global iron trade is declining Chinese imports of pig iron and other substitutes for scrap ferrous metals rose in May, the first sequential increase in half a year, but volumes remained at their lowest levels at the end of 2019. According to Chinese customs, aggregate imports of basic pig iron (BPI), direct reduced iron (DRI)... 24.06.2021  10:53