Metallurgy news

• Fitch Solutions raised its forecast for world steel prices US ratings agency Fitch Solutions announced that due to imbalances in supply and demand, the forecast short-term global steel price for the first half of 2021 has been raised to USD 800 per tonne from the previous forecast of USD 660 per tonne. In the second half of the year, production will be... 27.05.2021  12:39

• Belarusian BMZ signed an export agreement with Italy The Belarusian Metallurgical Plant (BMZ) has signed a major export agreement for goods to be exported to northern Italy for the supply of seamless pipes and steel in 2022. The materials will be used in the automotive and bearing industries. BMZ mentioned that it is also in talks with a large... 27.05.2021  12:27

• China and the United States discuss trade conflicts According to a telephone meeting between Chinese Vice Premier Liu He and US Trade Representative Catherine Tai on May 26, they both believed that the development of bilateral trade was really important. However, during the negotiations, Liu He mentioned that the US should first remove tariff... 27.05.2021  12:25

• Metinvest intends to expand steel rolling capacity in Italy Ukrainian group Metinvest is considering partnering with Italian steelmaker and steelmaker Danieli to expand flat products production in Italy. A decision on the project was expected within a few months. The project is currently in the feasibility study stage and is expected to receive approval... 26.05.2021  10:10

• Beijing negotiates price hikes with steel companies Five of China's top governing bodies, including the National Development and Reform Commission (NDRC), the country's main economic planning body, met with major domestic enterprises in sectors such as iron ore, steel, copper and aluminum. In addition to the NDRC, the Ministry of Industry and... 25.05.2021  09:30

• Liberty Steel sells three factories in the UK Liberty Steel has confirmed that it plans to sell its UK aerospace and special alloy steel business with its main operations at Stokesbridge. The sale will include a steel plant at Stokesbridge along with a narrow-strip mill at Brinsworth and a high-grade steel plant at West Bromwich. The... 25.05.2021  09:28

• World steel production increased in April World crude steel production in 64 countries represented by the World Steel Association (worldsteel) stood at 169.5 million tonnes (mt) in April this year, up 23.3% from the same month a year earlier. The largest steel producing regions are Asia and Oceania, which produced 125.0 million tonnes... 25.05.2021  09:17

• Steel sheet prices in Taiwan continue to rise Due to the sharp rise in prices in the international market, Taiwan's quotations for steel sheet imports continue to break their own record at the moment. It is now difficult for industry participants to import the same materials at a lower price. Since fewer purchases are made in other... 24.05.2021  13:08

• Sales of carbon steel in Japan fell According to statistics from the Japan Iron and Steel Federation (JISF), sales of finished carbon steel products in the country totaled about 56.8 million tonnes in fiscal 2020 ending March 2021, down 9% from the previous year. That figure was even below the lowest level of 55.96 million tonnes... 24.05.2021  13:05

• Rumors of increased duties on steel exports in China continue Rumors about China's intention to raise the export duty on steel were gradually confirmed. Not only did the State Council of China issue relevant instructions in an executive meeting, but the government is also taking ongoing measures to stabilize prices for wholesale goods. China was ordered to... 24.05.2021  13:01