Metallurgy news

• US will not waive section 232 tariffs The US government continued to levy duties on steel and aluminum imports based on Section 232. The American Iron and Steel Institute (AISI) explained that the US and EU are positively seeking a solution to reduce global tensions. They predicted that effective solutions would be found before the end... 06.07.2021  12:05

• South Korean mills are paying for high-quality scrap South Korean mills still pay a much higher premium for high quality Japanese scrap. A leading South Korean mill recently ordered Shindachi scrap at ¥ 66,500 per tonne ($ 598), while a Korean EPP refinery booked H2 scrap at ¥ 48,000 per tonne ($ 431), Korean trade sources said. ... Japanese trade ... 06.07.2021  12:00

• Brazil breaks records for export of iron ore Exports of Brazilian iron ore in June reached 33.68 million tons. This is the maximum this year. Brazil last exported iron ore in September last year. Experts attribute such high export volumes to the actions of Brazilian producers, including Weil, who, seeing high prices for iron ore, decided... 05.07.2021  12:10

• NLMK begins construction of a steel plant in India NLMK Group announced the start of steel construction for a new grain-oriented steel plant in the state of Maharashtra in India. Construction was planned for the equipment installation at the end of 2021 and was to be commissioned in the first half of 2022. NLMK has announced that it will... 05.07.2021  12:04

• Emission quotas prices in the EU are approaching 100 euros The European Commission estimates that by the end of the decade, emission prices could rise to 85 euros. According to many experts, this is a very conservative estimate. In their opinion, the cost of emission allowances will exceed 100 euros. And much faster…. The European Commission will p... 05.07.2021  11:56

• Export duties from China and Russia stimulate the rise in prices for stainless steel After Taiwan's steel mills raised prices, market prices for stainless steel rose correspondingly. Market participants noted that this was mainly due to an increase in export duties from China and Russia. China has previously canceled the export duty exemption. While no date has yet been set for... 05.07.2021  11:52

• Hot rolled steel prices fall in Europe The recent weakening of global price trends could affect prices in Europe. Local buyers are negative and buy conservatively. However, the EU mills are currently supplying hot rolled coil (HRC) for delivery in the fourth quarter and the capacity quota has been filled. Some distributors believed... 02.07.2021  12:43

• NLMK Group expands its range of structural steels NLMK Group reportedly provided VinProf with a batch of weather-resistant steel for testing. The product has increased resistance to atmospheric corrosion and is used for the manufacture of lattice systems - supporting structures of vines. The key feature of this steel is the presence of an... 02.07.2021  12:36

• The fifth steelmaking shop of Dneprospetsstal celebrates its 55th anniversary Today, the 55th anniversary is celebrated by the steel-making shop No. 5 of the Dneprspetsstal metallurgical plant. According to the press service of the enterprise, unique technologies of vacuum arc and electroslag remelting were mastered in this shop. Today the jubilee workshop is mastering... 02.07.2021  11:43

• Protective measures extended to EU metallurgists for 3 years The European Commission announced the extension of protective measures for 26 categories of rolled metal produced by foreign metallurgical enterprises and entering the EU. The measures in the form of tariff quotas will apply from July 1, 2021 to June 30, 2024. The size of quotas will increase by... 01.07.2021  12:19