Metallurgy news

• Nippon Steel to sell $111 million worth of assets to manage debt in deal with US Steel Nippon Steel plans to sell assets worth at least 30 billion yen ($211 million) this fiscal year to manage its debt, the Nikkei reported on Friday, citing a statement from its vice chairman, as the company awaits a decision on the fate of its purchase of US Steel for $14.9 billion. Earlier this... 22.09.2024  13:29

• Interpipe is testing rail deliveries via Poland The Ukrainian company Interpipe is testing a new logistics route for delivering products to EU countries using rail and road transport, in particular through a terminal in Poland. “Interpipe is currently carrying out test deliveries of pipes by rail to a broad-gauge terminal in the Polish city o... 18.09.2024  19:23

• Nickel flow to Europe demonstrates Indonesia's control over global supply European stainless steel producers are turning to Indonesia for nickel as booming production in the country forces plants in other countries to close. Exports to Europe of Indonesian nickel pig iron - an ingredient for stainless steel used mainly by Chinese manufacturers - to Europe rose to... 14.09.2024  12:39

• German valve factories set their sights on sales in Poland While fixtures sales in Germany continue to decline, as does the country's construction industry, Poland is doing relatively better and has become a more attractive market for some German sellers. Valves factories in East Germany, in particular mainly Italian ones, see better business in Poland... 29.08.2024  13:02

• Canada to impose tariffs on electric vehicles and steel from China Canada will impose new tariffs on electric vehicles and Chinese-made aluminum and steel, siding with Western allies and taking measures to protect domestic producers. The government plans to announce a 100% tax on electric vehicles and 25% on steel and aluminum, according to people familiar with... 27.08.2024  14:09

• Outokumpu improves stainless steel production in Europe European steelmaker Outokumpu's second-quarter results were relatively satisfactory, with profitability improving compared to the first quarter. However, the company remains concerned about problems in the European business space. The chief executive officer (CEO) said that to turn a profit in a... 21.08.2024  17:04

• German steelmaker Salzgitter expects strip supplies to decline until the end of 2024 German producer Salzgitter expects strip steel supplies to remain at slightly lower levels through the end of 2024, long steel supplies to remain roughly the same and crude steel production to proceed at a slightly slower pace, according to the company's interim report dated Aug. 12. In the... 13.08.2024  11:48

• Italian wafer manufacturers seek to increase prices Italian plate producers are raising prices by €30/t ($32) compared to last month for grades S275 and S355. Sources told Kallanish that the market is calm due to the August hiatus in the sector. Local millers are asking €700/t for S275 and around €730-740/t for S355. Last month they made signi... 06.08.2024  22:54

• The free trade agreement between Turkey and Ukraine entered into force The free trade agreement signed between Turkey and Ukraine on February 3 came into force by presidential decree published in the official Turkish gazette on August 2. According to the Turkish Ministry of Trade's official fact sheet on the agreement, some customs duties imposed by Ukraine on... 06.08.2024  22:50

• UK hot rolled coil prices fall as mills sell at a loss Domestic UK hot rolled coil prices fell slightly in the week ending July 18 as some producers were forced to sell at a loss to stimulate demand. “The hot-rolled market has been completely destroyed,” said a source at the service center. “There is too much of it. Demand will remain the same as it is... 20.07.2024  12:17