Metallurgy news

• China exports slabs to Europe Like other Asian factories, Chinese suppliers are rushing to export to this market because it is profitable. “Now anyone who can sell a slab to Europe will just sell it,” says a trader from Jakarta. Last week, a Chinese plant sold a 40,000-ton shipment of coiled slabs to Europe at $855/ton FOB Ch... 23.03.2022  11:44

• US lifts Trump-era steel and aluminum tariffs for UK The US said on Tuesday it had reached an agreement with the UK to lift tariffs on steel and aluminum imports imposed by former President Donald Trump in 2018. According to Commerce Secretary Gina Raimondo, the US can close the gap between supply and demand for these goods. goods to the US by... 23.03.2022  11:42

• Worldsteel: Global production of crude steel fell in February According to the latest statistics released by the World Steel Association (worldsteel), crude steel production in the 64 countries included in worldsteel's statistics stood at 142.7 million tonnes in February this year, down 5.7% from the same month. last year. Of these, production in Africa... 23.03.2022  11:40

• Prices for stainless steel sheet in Europe are rising Influenced by fluctuations in nickel prices on the London Metal Exchange (LME), stainless steel transaction prices in Europe rose last week. After the first trading day on the LME on March 16, nickel prices fell for three consecutive days. However, European steel mills did not offer their new... 22.03.2022  11:38

• ArcelorMittal invests in new electrical steel plant in France Steel giant ArcelorMittal has announced an investment of more than 300 million euros to build a new electrical steel plant in Mardik, northern France, which is expected to create more than 100 direct jobs. This new plant will specialize in the production of electrical steel for engines used in... 22.03.2022  11:33

• Ukrainian Metinvest reduces part of its capacity Ukrainian steelmaker Metinvest will reduce capacity utilization by up to 30% at its DMK long products mill and iron ore mine in Kryvbas in Kamianske, central Ukraine. Metinvest said that the factories will stop production as the military conflict in the region intensifies. In order to protect... 22.03.2022  11:30

• The market expects sharp fluctuations in steel prices The Russo-Ukrainian war has led European and American countries, as well as Japan, to impose economic sanctions against Russia, which could cause tension in the global supply chain of raw materials and lead to higher steel prices in the future. According to statistics, in 2021 Russia produced 76... 28.02.2022  13:12

• Ukrainian metallurgical plants announced the shutdown of production lines According to the report, the Ukrainian group Metinvest explained that the operation will be suspended after the current iron and steel is used up, in order to protect the safety of employees and equipment, they expected the suspension for a week and the situation will determine the... 28.02.2022  13:07

• Ukraine in the world ranking of metallurgical production in January 2022 According to Worldsteel, in January 2022, metallurgical enterprises of the countries of the world produced 115.56 million tons of pig iron, of which 107.01 million tons were smelted by the blast-furnace method and 8.55 million tons by the direct renewal method. The current figures are 6.41% below... 23.02.2022  11:08

• CSC Steel's FY21 profit more than doubled Taiwanese steel maker CSC Steel Holdings Bhd more than doubled net income to RM86.09 million for the fiscal year ended December 31, 2021 (FY 2021) from RM37.0 million in the prior year, driven by improved product margins due to upward trend in selling prices. The coiled steel maker said that... 23.02.2022  10:02