Metallurgy news

• EU Targets US Tariffs Against If Trump Tariffs Cars The European Union has nearly doubled to € 35 billion ($ 39 billion) the amount of US goods it will strike with retaliatory tariffs if President Donald Trump embodies the threat of EU tariffs on cars and auto parts. European Trade Commissioner Cecilia Malmström reported an increase from an ea... 24.07.2019  11:11

• Guinea seeks developers for Simandu iron ore deposit Simandou has over two billion tonnes of iron ore reserves and some of the highest grades in the industry (66% - 68% Fe, attracting premium prices). Guinea has announced an international tender for Blocks 1 and 2 in Simandu, providing companies with information on its bids by August 2, as the... 23.07.2019  10:50

• Tata Steel Eyes Expands Steel Production Significantly Tata Steel has announced plans to expand its crude steel production capacity in India. The private sector firm expects a significant increase in capacity to 30 million tonnes per annum (t /a) by 2025. It should be noted that the current production capacity of the company is about 20 million tons... 23.07.2019  10:19

• SSAB Reports Third Quarter Price and Margin Decrease Swedish steel mill SSAB remains uncertain about Q3 developments in the European and US markets. Demand is expected to be weak and domestic prices to remain under pressure. Overall, SSAB was down SEK 314 million (USD 33.4 million) in the second quarter year-on-year to SEK 1,316 million, mainly... 23.07.2019  10:14

• Dneprospetsstal: results of June 2019 In June 2019, PJSC DNEPROSPETSSTAL delivered 16,457 tons of steel, which is 10.8% less than the level of the previous month. During the same period, the Company produced 12,641 tons of rolled metal, which is 7.6% less than in May 2019. The total cost of commercial products manufactured in June... 22.07.2019  11:51

• Steel demand in India will grow by 7% in 1919-20 Tata Steel Chairman Mr. N. Chandrasekaran, speaking to shareholders at his AGM, said that steel demand in India will grow by 7 percent in 1919-20, leading to 103 million tons amid a huge number of infrastructure projects. which are announced by the government. Mr Chandrasekaran added that Tata... 22.07.2019  11:37

• British Steel sales are delayed again The Daily Mail said the sale of British Steel will be delayed further. An email sent on behalf of Sam Woodward of the restructuring team said, “I can confirm that we have not set a deadline for completing the sale process. You noticed that various parties were present at the site last week for due d... 22.07.2019  11:32

• China to introduce anti-dumping tax on stainless steel On Monday, China said it would impose anti-dumping duties on certain stainless steel products imported from the European Union, Japan, South Korea and Indonesia. Anti-dumping tariffs ranging from 18.1% to 103.1% will apply to stainless steel billets and hot rolled stainless steel sheets from... 22.07.2019  10:57

• Turkish steelmakers struggling amid higher costs Turkish factories are in a difficult position due to the recent increase in energy prices, as well as high scrap prices in finished product prices amid sluggish mood in the domestic market and fierce competition in export markets. Production costs for Turkish mills have risen markedly in recent... 22.07.2019  10:41

• Interpipe will continue to supply pipes to the US market The Ukrainian industrial company Interpipe declares that the Suspension Agreement on the non-application of a 7.5% anti-dumping duty in the United States on its oil and gas pipes in exchange for setting minimum prices for its products has expired due to the expiration of its validity period. The... 20.07.2019  11:06