Metallurgy news

• Copper on the London Metal Exchange hits 27-year high As LME copper stocks have declined recently, the gap between cash prices and future prices has been large. Estimated metal prices on the LME (London Metal Exchange) rose last Friday, while copper posted the biggest weekly gain since 2016. Copper price continued to rise to $ 10,452 /t today, up $... 20.10.2021  11:04

• China's steel exports are weakening, while imports are rising China's steel export market remained tepid last week, even as the price gap between Chinese sellers and their main competitors narrowed. On the contrary, China's interest in imports, especially wire rod, has become more active, traders' sources say. Chinese steel export prices declined sharply... 20.10.2021  10:57

• Tokyo Steel will raise prices for rolled metal products in November Tokyo Steel Manufacturing, a leading manufacturer of steel for electric arc furnaces in Japan, said it will raise prices of some of its steel products by 4.9% in November to reflect difficult market conditions. The company kept prices for all steel products, including the main H-beams, unchanged... 20.10.2021  10:52

• Steel demand will fall by 4.5% globally The World Steel Association (WSA) in its latest short-term forecast (SRO) released on October 14, contrary to the forecast from April 15, when it expected 3% year-on-year gain for China and 5.8% year-on-year growth for the whole world. “2021 is seeing a stronger-than-expected recovery in steel d... 19.10.2021  10:47

• Worldsteel Raises Asia Demand Forecasts Despite Covid Last week, the World Steel Association raised its forecasts for demand in East and Southeast Asia, excluding China, in its short-term forecast last week. The recovery in demand in developing Asia continues despite the continued presence of Covid-19. In Japan, worldsteel notes that demand... 19.10.2021  10:41

• China's September Daily Steel Production - Lowest Since December 2018 China's daily crude steel production fell to its lowest level since December 2018 in September as power outages across much of the country and environmental restrictions slowed down operations. The world's largest steel producer produced 73.75 million tonnes of metal last month, up from 83.24... 19.10.2021  10:33

• Worldsteel alarmed by weak recovery in auto industry In its latest Short Term Review (SRO), the World Steel Association (worldsteel) said the global auto industry has recovered significantly from an initial Covid-19 lockdown last year, but there are several factors such as supply chain disruptions and interference. limiting further growth. Edwin... 18.10.2021  11:41

• Ukraine ends investigation into cable import The Interdepartmental Commission on International Trade of Ukraine announced that it has decided to cancel the tariffs set on April 23, 2021, to end the investigation of protective measures against cable imports and will not impose protective measures on the goods in question. Due to the fact that... 18.10.2021  11:35

• US may reach agreement on steel tariffs with EU as early as late October According to market news, the US government has applied a new tariff quota proposal for the EU, and both are tending to address the issue of tariffs on steel products that were started by the Trump administration. According to some market participants, an agreement could be reached as early as... 18.10.2021  11:29

• S&P raised Metinvest's credit rating to 'B +', one notch higher than Ukraine's sovereign rating Metinvest BV, the parent company of an international vertically integrated mining and metals group of companies (hereinafter - "Metinvest" or "Group"), informs that the credit rating agency S&P Global Ratings (hereinafter - "S&P" or "Agency") has increased the long-term the credit rating of... 16.10.2021  00:00