Metallurgy news

• Ukraine has increased the export duty on ferrous scrap to 180 euros per ton Ukraine has decided to raise the export duty on ferrous scrap from the current 58 euros per tonne to 180 euros per tonne. The new duty will take effect at the beginning of 2022. The government will spend about a month making a parliamentary decision. The Ukrainian Association of Metallurgists... 06.12.2021  12:51

• Steel demand exceeds forecasts this year The World Steel Association (worldsteel) expects steel demand to rise 4.5% this year, a significant increase from the 0.1% recorded during 2020. Her latest short-term forecast suggests future waves of the Covid-19 virus will be less devastating. and a devastating one with a 2.2% growth forecast for... 05.12.2021  11:10

• Scrap metal will become the main raw material for sustainable metallurgy The recent COP26 conference, which was attended by over 100 countries, has drawn global attention to the climate crisis. While there has been repeated criticism from recyclers that the preservation and recovery of vital materials has been largely overlooked, it is clear that global efforts to... 05.12.2021  11:03

• SpaceX begins construction of Starship launch pad in Florida The company has begun construction of the Starship pad at Launch Complex 39A, which is part of NASA's Kennedy Space Center near Cape Canaveral, SpaceX founder and CEO Elon Musk said Friday (December 3). “Construction of the Starship Orbital Launch Pad at the Cape has begun,” Musk said via Twitter o... 04.12.2021  12:02

• Iron ore price has risen Iron ore prices rose on Friday, despite the fact that production at steel mills remained sluggish due to government restrictions in China. Blast furnace utilization rates at 247 steel mills nationwide declined for the seventh straight week to 74.8% as of Friday, up from 75.2% a week earlier,... 03.12.2021  20:57

• Steel stocks in China fell again From November 26 to December 2, total inventories of five major finished steel products in commercial warehouses in 132 Chinese cities monitored by Mysteel updated their 10-month low, dropping another 3.9% or 623,800 tonnes in the week to 15.2 million tonnes. The five main finished steel products... 02.12.2021  12:38

• The results of the work of the MMC of Ukraine for 11 months 2021 For 11 months of 2021, according to preliminary data, metallurgical enterprises of Ukraine produced: pig iron 19.44 million tons (104.6% compared to January-November 2020); steel 19.64 million tons (105.0%); rolled products 17.55 million tons (105.0%).... 02.12.2021  12:32

• ASEAN Still Tops China Steel Buyers List In January-October, ASEAN remained the largest buyer of Chinese steel products with a volume of 16.8 million tons, up 16.4% year-on-year or 29.2% of China's total steel exports for the period, China Iron & The Steel Association (CISA) shared in a post on Nov 30. ASEAN countries appear to... 02.12.2021  12:31

• EU and US our narrow loophole in Trump's trade wall The US and European Union authorities recently pledged to end a long-standing trade dispute over steel and aluminum. Under the terms of the new agreement, a system of tariff and tariff quotas will be introduced. This will be based on average import volumes over the three-year period prior to the... 01.12.2021  12:46

• Hot rolled coil prices in the CIS are falling due to weak trade and competition Exports of hot rolled coils to the CIS countries have stopped and there are very few offers left on the market. They are mainly aimed at Turkey, the Middle East and North Africa in general, where some areas of demand are supporting albeit sluggish trade. Russian manufacturers continue to enjoy... 01.12.2021  12:43