Metallurgy news

• Rising Demand Leads to Rising Asian HRC Prices On the Shanghai Futures Exchange, the HRC contract in January 2021 closed RMB 17 per ton higher than Thursday, and RMB 56 per ton higher over the week to 3920 RMB per ton. During the week, it continued to rise and returned to early September levels. Since Monday, the market has been driven by... 09.11.2020  13:31

• Trump plans to impose duties on imports of electrical steel President Trump recently announced during his election campaign that the tariff would be imposed on imported laminates and magnetic cores used in electrical grids and military transformers. Cleveland-Cliffs, which owns AK Steel, supports this proposal. Cleveland-Cliffs said in a recent press... 06.11.2020  10:22

• JFE Steel will invest $ 1 billion to reduce carbon footprint by 20% over a decade Japan's JFE Steel will spend more than 100 billion yen ($ 955 million) over the next decade installing equipment at its factories across the country, aiming to reduce carbon dioxide production by at least 20% during that period. JFE will replace the main oxygen furnaces, critical equipment in... 06.11.2020  10:15

• China's stainless steel production to exceed 30 million tonnes in 2020 Stainless steel production in China is expected to grow 2.1% this year to over 30 million tonnes amid strong demand for the corrosion-resistant metal, an industry official said Thursday. Apparent consumption of stainless steel in China, the largest market, will grow 6.4% this year to 25.5... 06.11.2020  10:08

• ArcelorMittal reports third quarter 2020 and nine months 2020 results ArcelorMittal (referred to as “ArcelorMittal” or “The Company”) (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world's leading metals and mining company, today announced results1 for a three-month period. and nine-month periods ended 30 September 2020 Features: • Health and S... 06.11.2020  09:50

• New restrictions on European steel mills Most of Europe's largest economies have entered a month-long mild isolation since this week to counter the ongoing second wave of the coronavirus pandemic. The new restrictions are expected to affect end-user demand, but steel producers in any of the major European countries are not yet directly... 05.11.2020  13:45

• Steel prices in China may be reduced in November Steel prices in China's domestic market may still rise this month as demand growth may outpace supply growth, Wang Jianhua, chief analyst at Mysteel, shared his short-term market outlook on October 30. Wang predicts that weekly production of the five major finished steel products could decline... 05.11.2020  13:39

• Production results of Metinvest for the 3rd quarter and 2020 During the 3rd quarter of 2020, pig iron production increased by 17% compared to the previous quarter - up to 2,305 thousand tons - thanks to the launch of two blast furnaces at the Mariupol plants in May due to the recovery in market demand. As a result, the production of pig iron at the... 05.11.2020  10:20

• Tensions between China and Australia over commodity trade Australia's ties with its top trading partner, China, soured in 2018 when it became the first country to publicly ban Chinese Huawei from its 5G network and deteriorated after Canberra called for an investigation into the origins of the coronavirus. Since then, open diplomatic repression has... 04.11.2020  11:27

• The United States will revise duties on imports of hot-rolled rolled steel from Ukraine, China and Russia The United States International Trade Commission (USITC) is going to once again look at anti-dumping duties on hot-rolled carbon trim, imported from Ukraine, China and Russia. This was reported on the website of the organization. USITC will review protective measures in connection with the... 03.11.2020  11:13