Metallurgy news

• Europe faces gas insecurity Europe is likely to survive cuts in Russian natural gas supplies this winter as the war in Ukraine continues, but the coming heating season will underscore the continent's ability to meet energy needs, experts said at the Columbia Global Energy Summit in New York. The flow of Russian pipelines,... 14.10.2022  10:59

• UK TRA reintroduces duties on galvanized pipes in Belarus and China The UK Trade Remedies Authority (TRA) plans to re-introduce galvanized pipes under HS code 7306 30 72 into anti-dumping measures following a review initiated by Tata Steel UK's application. In August 2021, following the completion of the transition review, the TRA recommended that anti-dumping... 14.10.2022  10:53

• Austrian company HAI invests 100 million euros in new facilities in Europe As part of a plan for continuous development in recent years, Hammerer Aluminum Industries (HAI), an aluminum products supplier in Austria, has announced a €100 million investment to build two new extrusion lines and a new logistics centre. A second 60 mega newton extrusion line was installed at ... 13.10.2022  12:12

• A growing number of Turkish factories are considering shutting down production A growing number of Turkish factories are considering shutting down production in the near future due to high electricity costs, Veysel Yayan, secretary general of the Turkish Steel Manufacturers Association (TCUD), told the Turkish newspaper Cumhuriyet. Yayan says a 600 percent rise in energy... 13.10.2022  12:10

• Japanese Nissan leaves the Russian market, having sold the Russian business Japanese automaker Nissan has announced that it has sold its Russian operations to a Russian automotive research institute, pulling out of the Russian market. The sale includes Nissan's production and research centers in St. Petersburg, as well as a sales and marketing center in Moscow. The deal... 13.10.2022  12:06

• Sluggish demand for steel in Asia will slow the pace of recovery in iron ore prices As the downturn in the Chinese property market and the resumption of the pandemic wipe out hopes for a recovery in demand, iron ore prices in Asia will continue to decline in the fourth quarter as cuts in steel production intensify into the winter season. China's real estate sector was turbulent... 12.10.2022  10:34

• AMKR and Ferrexpo production suffers due to hostilities Ukrainian steelmaker ArcelorMittal Kryvyi Rih (AMKR) has limited electricity consumption of its most energy-intensive equipment and temporarily cut production following new Russian missile strikes against Ukraine, Kallanish reports. “This is important for reducing electricity consumption in K... 12.10.2022  10:27

• Chinese Baosteel left prices unchanged for November Baosteel, a large steel mill in China, announced that prices for most of its products remained unchanged in November, while the price of electro-galvanized coils increased by 100-200 yuan per ton. According to market analysis, the fourth quarter is the traditional peak season for home appliance... 12.10.2022  10:05

• India's Tata Steel boosts coal purchases from Australia and North America Chinese steel prices are likely to recover in October as market fundamentals improve and macroeconomic support policies come into effect, Wang Jianhua, chief analyst at Mysteel, predicted in his monthly forecast. But pessimism still haunts the market, he acknowledged. As of September 26, the... 11.10.2022  10:26

• Steel prices expected to rise in China in October Chinese steel prices are likely to recover in October as market fundamentals improve and macroeconomic support policies come into effect, Wang Jianhua, chief analyst at Mysteel, predicted in his monthly forecast. But pessimism still haunts the market, he acknowledged. As of September 26, the... 11.10.2022  10:20