Metallurgy news

• Explosive energy prices threaten Europe's climate neutrality Soaring electricity and gas prices in Europe pose serious challenges for steel processing and jeopardize the ambitious goals of climate neutrality and the circular economy in Germany and at the EU level, reports Callanisch of the German Federation of Steel Recyclers BDSV. “Like many other c... 11.10.2022  10:16

• Vietnamese company Hoa Phat Group plans to open a factory for the production of household appliances According to the report, Vietnamese steelmaker Hoa Phat Steel began operating its Hoa Phat home appliance plant in Hanam province at the end of September with an annual production capacity of 1 million tons. The company established a home appliance manufacturer in the fourth quarter of last year... 10.10.2022  11:28

• EU imposes sanctions against Russian steel semi-finished products According to the report, the European Commission (EC) has increased the sanctions of the European Union (EU) against Russian semi-finished products. However, there is a transitional period for the import of semi-finished steel billets until October 1, 2024 with temporary exemptions, small billets... 10.10.2022  11:25

• China's steel market expects growth after National Day holiday Recently, domestic prices for main types of steel in China have fluctuated upwards. From a supply perspective, the cost was high and steel prices were rising. Steel mills' profits also increased. Many steelmakers have resumed production. The supply will grow in the short term. As many projects... 07.10.2022  11:58

• Indian Tata Steel starts work at NINL plant in Odisha Indian private producer Tata Steel has restarted a blast furnace at its 1mtpa Neelachal Ispat Nigam (NINL) facility in Kalinganagar, Odisha, the company said Oct. 3. On July 4, the steelmaker completed the acquisition of NINL through its subsidiary, Tata Steel Long Products, and plans to expand... 07.10.2022  11:53

• New EU sanctions on steel from Russia could lead to job losses Ukrainian officials have indicated that the sanctions against Russia should target the steel industry, because the industry brings Russia billions of dollars in revenue. However, some European countries with a steel industry may not support this idea. People in Europe could lose their jobs if... 07.10.2022  11:45

• Capacity growth in Asia and the Middle East impedes the reorientation of Russian exports Rising steel capacity in Asia and the Middle East will make it harder for Russian steelmakers to reorient their exports from Europe to the east, according to the latest version of Russia's steel strategy to 2030. These opportunities reduce the ability of Russian exporters to divert export flows... 06.10.2022  10:34

• Zekelman to close California steel pipe plant Zekelman Industries will close a steel pipe plant in Long Beach, California, the company said Oct. 5, citing rising U.S. pipe imports from Mexico as a contributing factor to the closure. “According to the US Census Bureau, the expected volume of steel pipe imports from Mexico will increase from 1... 06.10.2022  10:29

• US Sets Final Tariffs for OCTG Pipe from Russia Under the Final Approval Countervailing Duty Determination (CIT), the US Department of Commerce (USDOC) determined that countervailing subsidies were provided to Russian oil field pipe (OCTG) manufacturers and exporters during the January 1 investigation period. , 2020 to December 31, 2020 The... 05.10.2022  10:51

• UK recommends extending AD measures to rebar from China The UK Remedy Authority (TRA) has proposed extending anti-dumping (AD) measures to high fatigue performance concrete steel rebar (HFP rebar) from China. TRA indicated in its original findings of the Statement of Material Facts that maintaining the measure could lead to supply issues for HFP... 05.10.2022  10:48