Metallurgy news

• UK introduces zero duties on all Ukrainian goods The UK has announced that it will decide to give Ukrainian goods preferential treatment with zero tariffs and remove restrictions on Ukrainian import quotas to help Ukraine rebuild its economy. In addition, the UK also announced on April 25 that it will ban the export to Russia of equipment and... 04.05.2022  10:52

• Sanctions did not affect the production of Norilsk Nickel in Russia in the first quarter Russia's Norilsk Nickel reported about 51,500 tons of nickel production in the first quarter of 2022, up 10% from last year. The resolution of groundwater inflow problems at the Oktyabrsky and Taymyrsky mines in Russia in 2021 explained the increase in nickel production. The company said it will... 04.05.2022  10:50

• China exacerbates US inflation with tariffs on steel and other goods Supply chain restrictions, trillions in government spending and unusually high consumer demand have helped lift U.S. inflation to its highest level in 40 years, but geopolitical factors are also fueling rapid price increases. A new analysis published by the Peterson Institute for International... 03.05.2022  10:05

• The ban on imports of Russian coal negatively affects the EU steel industry The bulk of Russian exports are thermal coal used in power plants, but Russia also supplies metallurgical coal used in steelmaking blast furnaces. The impact on the hard coal market is expected to be less than on thermal coal, Morgan Stanley said in a note. Last year, Russia shipped 32... 03.05.2022  09:43

• Turkish Tosyali Holding exports steel pipes to Angola According to the announcement, Turkish steel pipe manufacturer Tosyali Holding will supply 15,000 tons of corrosion-resistant steel pipes for two major port projects in Angola. Tosyali Holding was responsible for the largest steel pipe project from Algeria to Angola under the Japanese contracting... 03.05.2022  09:36

• China to cut coal import tariffs to zero from May 2020 China's State Council Commission on Customs Tariffs said China will cut import tariffs on all types of coal to zero from May 1, 2022 to March 31, 2023 in an effort to secure energy supplies and reduce import costs due to concerns about rising global prices and supply disruption. Import tariffs... 30.04.2022  10:18

• Severe power shortage in India affects industry Across India, there is a severe shortage of electricity: coal stocks at thermal power plants have fallen to a nine-year low. In addition, demand for electricity grew at the fastest rate in 38 years, affecting industrial operations. As a result, coal stocks at thermal power plants in India fell... 30.04.2022  10:14

• Steel production in Germany fell in April According to statistics from the German Steel Federation (WV Stahl), crude steel production in Germany in April this year was about 3.3 million tons, down 11.8% compared to the same month last year. During this period, the production of hot-rolled steel in Germany decreased by 13.1% year-on-year... 30.04.2022  10:12

• Voestalpine sells 80% stake in Texas HBI plant to ArcelorMittal ArcelorMittal and Austrian Voestalpine have reached an agreement to acquire an 80% stake in Voestalpine's hot briquetted iron (HBI) plant in Texas. Voestalpine will own the remaining 20% ​​stake. Voestalpine's HBI plant in Texas has a design annual capacity of 2 million tonnes. This is one of the... 29.04.2022  11:29

• Kazakhstan extended the ban on the export of scrap metal for 6 months The Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan announced that the ban on the export of scrap will be extended for another six months from May 6. The ban includes the export of scrap and waste of ferrous metals from Kazakhstan, with the exception of elements... 29.04.2022  11:27