Metallurgy news

• Glencore entered the Black Iron project in Ukraine Black Iron shares are skyrocketing following the signing of a memorandum of understanding with Glencore on an iron ore project in Ukraine. The shares of the Canadian company Black Iron Inc. rose more than 35% on Wednesday following the announcement of a memorandum of understanding (MOU) with... 22.02.2019  10:13

• Slab prices in the CIS continue to rise Prices for slabs offered by suppliers from the CIS countries continue to rise, fueled by a shortage of materials amid strong demand and a rise in prices for primary raw materials and finished sheet products. CIS slab sales were closed this week at $ 480-490 /t of Black Sea grade to Europe, with... 22.02.2019  09:46

• HRC prices in Italy have risen Italian hot rolled steel producers are raising asking prices to € 500 /t ($ 566.7 /t) ex-factory, market sources for Kallanish say. One manufacturer increases its price to € 520 per tonne ex-factory. For the first time in several months, the Italian HRC touched EUR 500 /t after a period of low de... 22.02.2019  09:45

• US Steel will have a monumental impact on Alabama's steel industry US Steel plans to invest $ 215 million to restart the billet steel furnace by 2020. An announcement by a US steel company in Pittsburgh to resume construction work on a state-of-the-art electric arc furnace (EAF) at a steel mill in Fairfield, Alabama is likely to generate significant growth for... 21.02.2019  11:16

• India extends incentives to certain imported steel grades The Indian government on Wednesday extended the deadline for compliance with tighter import regulations for some grades of steel, mainly used by automakers, until April 17, the steel ministry said in a statement. Compliance with the new rules was previously established on February 17, but strict... 21.02.2019  11:12

• Steel and iron ore fell in price amid weak demand in China Construction steel futures in China fell on Wednesday as investors remained wary of post-weekend demand from downstream users. Following the Lunar New Year holiday earlier this month, construction sites and manufacturing plants usually resume work this week. “Major markets in China have not f... 21.02.2019  11:09

• Brazil may retaliate against EU duties on rolled steel The Brazilian government said Brazil has asked the European Union for compensation after it imposed import tariffs on steel from major producing countries earlier this month. The government has also notified the World Trade Organization that it may take its own countermeasures to "balance" trade... 20.02.2019  12:04

• Japan's Kyoei Steel raised rebar prices by $ 18 per ton in March Japan's largest rebar maker Kyoei Steel announced on Tuesday that it will raise rebar prices by 2,000 yen /t ($ 18 /t) for March contracts in response to higher raw material costs. The company last raised rebar prices by 2,000 yen /t in December last year and 2,000 yen /t in November last... 20.02.2019  11:27

• U.S. Commerce Department Submits Car Tariff Report to President Trump The South Korean government has responded to a US Department of Commerce report imposing tariffs on cars and auto parts exported to the United States. The Commerce Department submitted a report to President Donald Trump on February 17 in accordance with section 232 of the Trade Expansion Act... 19.02.2019  13:29

• Turkish Steel Exports Decline According to the chairman of the Turkish Steel Exporters Association (CIB), Adnan Aslan, in 2019, steel exports from Turkey could be only 15-16 million tons, which is much less than their figure in 2018. Overseas shipments will be hampered by continued protectionism around the world and a possible... 19.02.2019  13:15