Metallurgy news

• Fitch Affirms China Steel Corporation's High Rating Fitch Ratings affirmed China Steel Corporation's (CSC) National Long-term Rating at 'AA (twn)' with a Stable Outlook and National Short-term Rating at 'F1 + (twn)'. At the same time, Fitch has affirmed CSC's senior unsecured rating at 'AA (twn)'. The CSC rating is three notches lower than... 10.12.2021  10:50

• US Coil Imports Increase According to final data from the US Department of Commerce (USDOC), the US imported about 126,900 tons of steel coils in October, up 4.1% from the previous month and 281.6% from the same month a year ago. ... Among them, imports from Canada accounted for the largest share, amounting to... 09.12.2021  11:09

• UK Metals Says Electricity Prices Are A Barrier To Decarbonization Electricity prices are stopping UK steel production from decarbonising. A new report from trade association UK Steel says current electricity prices are a hindrance to decarbonisation strategies. The analysis shows that steel producers in the UK have to pay almost 61% more for electricity... 09.12.2021  11:07

• Indian JSPL steel production up 10% in November Steel production by India's private company Jindal Steel and Power (JSPL) in November rose 10% year-over-year, while sales fell due to the continued lack of rail rakes. Steel production in November was 674,000 tons, while sales fell 5% to 539,000 tons. Exports accounted for about 15% of total... 09.12.2021  11:04

• In January-October, the export of stainless steel from Russia fell According to statistics from the Russian Association of Consumers and Suppliers of Specialty Steel and Alloys (USSA), stainless steel exports from Russia in the first ten months of this year amounted to about 10,200 tons, which is 7% less than in the same period last year. In October alone, prices... 08.12.2021  12:03

• UK steel industry needs urgent government support Thorworld Industries is once again calling on the British government to support what it describes as the “underfunded and abandoned” UK steel industry. Back in July 2021, Thorworld reported that the price of untreated UK steel had risen 70% since January. Now, reporting five months later, Tho... 08.12.2021  11:56

• Steel created to kill 99.9% of Covid-19 virus A unique alloy of stainless steel with the addition of copper is able to deactivate all known strains of the coronavirus. Scientists in Hong Kong said they have developed the world's first stainless steel that kills the Covid-19 virus in a matter of hours. The new alloy can inactivate 99.75% of... 08.12.2021  11:48

• Steel stocks at Chinese mills fell 9% Inventories in the five major steel mills of 184 Chinese steel mills, which Mysteel regularly monitors, have declined faster this week, according to the latest survey, with inventories declining 8.7% from November 25 to December 1 to 5.1 million tonnes. Market sources said the faster depletion of... 07.12.2021  12:06

• Spanish steel production rises in October According to the statistics of the Spanish Association of Steel Producers (UNESID), in October the production of crude steel in Spain amounted to about 1.28 million tons, which is 2.6% more than in the previous month, and also increased by 8.8% compared to the same month last year. In the first... 06.12.2021  15:01

• 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