Metallurgy news

• US Steel profit hits record high in 2021 Pittsburgh-based steelmaker US Steel posted a record profit of $4.174 billion in 2021 thanks to strong steel prices, which were supported by strong demand, an economic recovery and tariffs on much of the steel it imports. In the fourth quarter, the profit was 1.06 billion US dollars. US Steel... 31.01.2022  12:06

• WTO allows China to impose tariffs against the US The World Trade Organization (WTO) allowed China on Wednesday to impose $645 million worth of countervailing tariffs against the United States in a ruling that was immediately criticized in Washington. China joined the WTO in 2012 to challenge anti-subsidy tariffs imposed by the United States... 28.01.2022  10:52

• Worldsteel: Global Crude Steel Production Decreases in December 2021 According to statistics from the World Steel Association (worldsteel), crude steel production from the 64 countries included in the statistics was 158.7 million tonnes in December 2021, down 3% from the same month a year ago. Of these, smelting in Africa decreased by 9.6%, to 1.2 million tons,... 28.01.2022  10:38

• Borusan Mannesmann invests in a new steel pipe plant in Romania Borusan Mannesmann, Turkey's leading steel pipe manufacturer, said it has purchased land in Ploiesti for €805,000 to build a new steel pipe plant in Romania. The new plant will be mainly focused on meeting the demand from the European automotive industry. Production capacities were not d... 28.01.2022  10:35

• China's iron ore price index rose on January 26 The China Iron Ore Price Index (CIOPI) stood at 494.00 on Jan. 26, up 0.53% or 2.63 points from the previous index, according to the China Iron and Steel Industry Association (CISA). January 25 CIOPI ore price index was 411.24 points, up 0.06% or 0.26 points from the previous price index; the... 27.01.2022  10:36

• EU scrap metal suppliers face increased logistics costs The cost of transporting scrap metal domestically in Germany and the Benelux countries has risen further over the past month due to a shortage of truck drivers and rising diesel prices. Scrap suppliers said that logistics costs for truckloaded scrap shipments have risen another 5-10% over the... 27.01.2022  10:34

• Polish copper company wants nuclear power to be labeled 'green' According to the head of Europe's largest copper producer, Poland's KGHM Polska Miedź SA, European industry could only continue to grow with clean energy if the EU decides to consider some investment in nuclear power plants as sustainable, green energy. KGHM Polska Miedź, the largest consumer of ... 27.01.2022  10:29

• UK TRA to review AD measures on heavy plate in China The UK Remedies Authority (TRA) initiated a transitional review of an anti-dumping measure (AD) on steel plate originating in China on 25 January to determine whether the current AD measure should continue and whether the measure is in line with UK requirements. . These are hot-rolled flat... 26.01.2022  13:17

• EU factories insist on raising prices for rolled metal products The European steel market began to develop slowly in 2022. Many members of the supply chain have delayed their return to work until January 10. Consequently, the level of purchasing activity has decreased. On the contrary, the factories sought to change their position for the New Year by raising... 26.01.2022  11:49

• Ukraine in the world ranking of metallurgical production in 2021 According to Worldsteel, in 2021, metallurgical enterprises of the countries of the world produced 1,429.54 million tons of pig iron, of which 1,326.85 million tons were smelted by the blast-furnace method and 102.69 million tons by the direct renewal method. This is 1.18% higher than the figure of... 26.01.2022  11:24