Metallurgy news

• Steel exports from China in December rose by 10.2% Steel exports from China rose 10.2% month-on-month to 4.85 million tonnes in December, as Chinese mills took advantage of skyrocketing international prices driven by resurgent global steel demand. According to preliminary customs data, exports increased 3.6% in December from a year earlier,... 15.01.2021  14:43

• Ukraine continues to increase export prices for wheat Export prices for Ukrainian food wheat continued to rise this week, driven by an uptrend in the Russian market and a decline in the expected global wheat production. Supply and demand prices for milling wheat with a protein content of 12.5% ​​increased on Wednesday by $ 4-6 per ton, reaching $ 28... 15.01.2021  14:39

• Indian billet export prices rise to seven-year high Export prices for Indian billets rose again at the end of last week as a result of a tender organized by an Indian state-owned plant for the placement of 30,000 tonnes of billets (150 * 150mm, grade 3SP /4SP). According to SteelMint sources, the company managed to reach the price level of $ 575-580... 14.01.2021  12:15

• Hebei COVID-19 Cases Alarmed Steel Market Hebei, China's leading steelmaking province in northern China and now the new epicenter of the COVID-19 outbreak in China, is rapidly acting by limiting citizen mobility in its three cities - Shijianzhuang, Xingtai and Langfang, as well as local authorities rushed to conduct tests on exchanging a... 14.01.2021  12:10

• Steel prices hit record highs in Indian market Domestic steel prices hit an all-time high, putting more pressure on car and consumer durables as demand is beginning to recover from the pandemic. Hot rolled coil (HRC) prices - a key indicator of flat steel price trends - rose on average to their highest level of £ 58,000 per tonne, according ... 11.01.2021  10:18

• Green steel is costly for Europe S&P Global Platts analyzes low-emission steel production costs in Europe in 2020 to remain high based on high iron ore pellet prices and green hydrogen cost assumptions, while potential for natural gas-based direct reduced iron production will improve with lower gas prices. Last year, market... 11.01.2021  10:15

• China cuts Australia's metallurgical coal exports China has cut its metallurgical coal exports from Australia because Beijing's import restrictions have reduced supplies to China. China's unofficial ban on imports of Australian coal is likely to result in very low coking coal exports to China in December 2020. China accepted only 510,000 tons... 11.01.2021  10:09

• Hebei Ferrous Metals Market Prepares for New COVID Cases The rise in confirmed cases of coronavirus in northern China's Hebei province over the past few days has raised concerns among steelmakers, traders and raw material suppliers in the province, especially when local authorities quickly imposed restrictions on freight transport in parts. provinces,... 09.01.2021  11:45

• Tata Steel Announces New Initiative to Reduce Carbon Emissions India's leading steel producer Tata Steel has partnered with the CII Green Business Center and other stakeholders in the steel industry to develop a new GreenPro framework for steel bars. This is the first of its kind in the country and is expected to reduce the carbon footprint of the steel... 09.01.2021  11:38

• Stainless steel production in China rises due to supply shortages Stainless steel futures in China are up 5% this week as higher base nickel prices and limited supply boosted the price of metal used in vehicle and kitchenware. The most active March stainless steel contract on the Shanghai Futures Exchange rose to a daily growth limit of 14,725 yuan ($... 09.01.2021  11:21