Metallurgy news

• Rising raw material prices lead to higher prices for pig iron Commercial pig iron prices have risen over the past week, fueled by higher prices for iron ore, scrap and finished goods. While activity remains subdued, China's strong interest in imports inspires confidence in sellers to boost supply, while alerting some former fence-sitters to act. This led... 17.05.2021  11:03

• US and EU reach temporary tariff truce on metals The Biden administration is set to announce a truce in a dispute with the European Union over metals tariffs, freeing iconic products like American Bourbon whiskey from doubling EU tariffs next month, sources familiar with the matter said. The decision could be announced as early as Monday,... 17.05.2021  11:00

• Imports of stainless steel to Russia rose in March According to statistics published by the Association of Consumers and Suppliers of Special Steel and Alloys (Association Special Steel), the total volume of stainless steel imports to Russia in March 2021 amounted to 34,770 tons, which is 14.8% more than in the previous month. During the... 17.05.2021  10:51

• India considers the possibility of reducing import duties on steel products The Indian government has proposed lowering import duties on steel products, considering lowering the duty rate to zero or near zero to curb price increases and reduce pressure on small and medium-sized enterprises (SMEs). In India's budget for 2021-22, Indian Finance Minister Nirmala Sitharaman... 14.05.2021  11:08

• Expansion of protective measures could reduce steel supplies to Europe The Turkish Steel Exporters Association (CIB) has indicated that the EU should not extend the protection measures for steel imports. Otherwise, it would lead to a reduction in supply and an increase in prices. The CIB indicated that Trump's Section 232 tariffs caused a sharp rise in domestic... 14.05.2021  11:07

• Global steel consumption will grow by 4.5-5.5% in 2021 ArcelorMittal, the world's largest steel company, predicts global steel consumption will grow 4.5-5.5% in 2021, or 8.5-9.5%, excluding China. “The quarterly results reflect a very positive market environment. Demand is back higher than we expected, with high supply chain inventories following s... 14.05.2021  11:03

• ArcelorMittal acquires Dortmunder Blankstahl to expand business in Germany ArcelorMittal, one of the world's leading steel producers, has attempted to expand its business in Germany by purchasing Dortmunder Blankstahl, one of the local producers of steel bars in Germany, according to a statement from ArcelorMittal. ArcelorMittal Germany was the second largest steel... 13.05.2021  11:33

• Russia thinks about limiting steel prices The Russian government is considering measures to curb the rise in steel prices. After receiving numerous complaints from end users, the Russian government began to take notice of the sudden rise in steel prices, Kitco News reports. According to the Ministry of Industry and Trade, prices for some... 13.05.2021  11:12

• The situation on the steel market is out of control The jump in steel prices makes it difficult to plan and evaluate investments. The construction industry is experiencing rising costs at many levels. The work that we started before the outbreak. to make a profit, is now losing money. Steel prices are destroying the market. Along with steel... 13.05.2021  11:04

• Iron ore prices will remain high Steel material hit new all-time highs this week, surging above $ 220 a tonne amid a burgeoning commodity boom. While the demand for steel and its production is growing, many analysts argue that market fundamentals alone do not justify such high prices. This will not stop further growth, according... 12.05.2021  10:37