Metallurgy news

• Iron ore prices hit a seven-year high In terms of key ingredients for steelmaking, such as iron ore and coking coal, this week has been the story of two different markets. The price of iron ore broke the $ 120 /t ($ 164.70 /t) barrier this week, the highest level since the beginning of 2014. This is due to a stronger steel market... 13.11.2020  13:03

• NLMK predicts 7% drop in steel demand in Russia in 2020 Ilya Gushchin, vice president of sales for the largest steel producer in Russia, NLMK, said that global steel demand is expected to fall by 2% this year but increase by 4% in 2021. Steel demand in Russia is under pressure from the coronavirus pandemic to decline by 7% in 2020, but will rise by... 12.11.2020  10:57

• CIS billet prices rise thanks to new sales Billet prices in the Black Sea export market rose this week on the back of new sales at higher levels, leading to even higher supply. This comes as Turkish scrap is breaking the psychological barrier of $ 300 per ton this week. It followed a weekend rally in China's iron ore, which boosted steel... 12.11.2020  10:40

• NSSC Raises Stainless Steel Sheet Prices For November Nippon Steel Stainless Steel Corporation (NSSC) announced that its contract price for cold rolled nickel and 300 series stainless steel sheets for sale in the domestic market in November will be increased by ¥ 5,000 per tonne. This was the fifth consecutive month that the quoted price has risen ... 11.11.2020  14:58

• US steel production dropped significantly Weekly statistics released by the American Iron and Steel Institute (AISI) signify a marked decline in crude steel production in the very last week ending November 7, 2020. The weekly production of rough steel was 1.573 million tonnes at a capacity utilization rate of 71.1%. This compares to a... 11.11.2020  14:15

• Steel exports from China rose again in October, imports fell In October, China shipped 4.04 million tonnes of finished steel products overseas, up 5.5% from the second month, mainly to fulfill orders signed in August, while steel imports fell 33.2% in compared with the previous month to 1.93 million tons. Latest statistics from General Administration of... 10.11.2020  12:13

• US dollar expected to be weak - positive trend in metals market The US dollar index fell to a two-month low last week, down almost 2% over the week amid expectations that the dollar will continue to weaken in the short term following Joe Biden's victory in the US presidential election. Market participants said the move contributed to the movement in non-ferrous... 10.11.2020  12:08

• Will iron ore prices decline in Q4? China's iron ore market is in a downtrend after a grand third quarter, as iron ore stocks in ports returned to last November levels at around 128 million tonnes as of November 5, while SEADEX 62% Australian ore fell to $ 117 respectively. per tonne, while PORTDEX of the same class also fell to a... 10.11.2020  11:58

• Pakistan's Steel Exports Rise Rapidly and Awaits Anti-Dumping Duties Extension According to Aisha Steel Mills (ASML), the growth in vehicle and construction sector sales in Pakistan bodes well for demand for both cold rolled and hot dipped galvanized coil. The firm adds that the outlook is promising and it expects production and sales targets to be met. In the first... 10.11.2020  11:48

• Results of production of MMC of Ukraine for 10 months of 2020 Within 10 months of 2020, metallurgical enterprises of Ukraine produced: pig iron 16.88 million tons, down 1.1% compared to the same period in 2019, steel 17.02 million tons, down 3.3%, rolled metal 15.20 million tons, down 2.2%.... 09.11.2020  13:42