Metallurgy news

• SpaceX begins construction of Starship launch pad in Florida The company has begun construction of the Starship pad at Launch Complex 39A, which is part of NASA's Kennedy Space Center near Cape Canaveral, SpaceX founder and CEO Elon Musk said Friday (December 3). “Construction of the Starship Orbital Launch Pad at the Cape has begun,” Musk said via Twitter o... 04.12.2021  12:02

• Iron ore price has risen Iron ore prices rose on Friday, despite the fact that production at steel mills remained sluggish due to government restrictions in China. Blast furnace utilization rates at 247 steel mills nationwide declined for the seventh straight week to 74.8% as of Friday, up from 75.2% a week earlier,... 03.12.2021  20:57

• Steel stocks in China fell again From November 26 to December 2, total inventories of five major finished steel products in commercial warehouses in 132 Chinese cities monitored by Mysteel updated their 10-month low, dropping another 3.9% or 623,800 tonnes in the week to 15.2 million tonnes. The five main finished steel products... 02.12.2021  12:38

• The results of the work of the MMC of Ukraine for 11 months 2021 For 11 months of 2021, according to preliminary data, metallurgical enterprises of Ukraine produced: pig iron 19.44 million tons (104.6% compared to January-November 2020); steel 19.64 million tons (105.0%); rolled products 17.55 million tons (105.0%).... 02.12.2021  12:32

• ASEAN Still Tops China Steel Buyers List In January-October, ASEAN remained the largest buyer of Chinese steel products with a volume of 16.8 million tons, up 16.4% year-on-year or 29.2% of China's total steel exports for the period, China Iron & The Steel Association (CISA) shared in a post on Nov 30. ASEAN countries appear to... 02.12.2021  12:31

• EU and US our narrow loophole in Trump's trade wall The US and European Union authorities recently pledged to end a long-standing trade dispute over steel and aluminum. Under the terms of the new agreement, a system of tariff and tariff quotas will be introduced. This will be based on average import volumes over the three-year period prior to the... 01.12.2021  12:46

• Hot rolled coil prices in the CIS are falling due to weak trade and competition Exports of hot rolled coils to the CIS countries have stopped and there are very few offers left on the market. They are mainly aimed at Turkey, the Middle East and North Africa in general, where some areas of demand are supporting albeit sluggish trade. Russian manufacturers continue to enjoy... 01.12.2021  12:43

• Elon Musk started selling Cybertruck-style steel whistles Renowned American entrepreneur Elon Musk seems to be haunted by Apple's laurels. The billionaire tweeted about Tesla's new product - a steel whistle, which, in his opinion, is better than Apple's famous napkin. “Inspired by the Cybertruck, this limited edition Cyberwhistle is a premium c... 01.12.2021  12:16

• Nippon Steel in talks to acquire a steel mill in Southeast Asia Japan's largest steelmaker, Nippon Steel Corp, is in talks to buy a steel mill in Southeast Asia to provide ironmaking resources for a growing market and boost its overseas expansion, a senior executive said. “Negotiations are under way to protect ASEAN's iron sources,” Takahiro Mori, executive v... 30.11.2021  11:57

• FeSi prices in China rise as production falls The price of 75% FeSi in China rose substantially after seven weeks of decline as of November 26, rising 102 yuan per tonne ($ 16 per tonne) for the week to 8,564 yuan per tonne, including 13% VAT. Sources in the market said the decline in production at smelters provided some support for FeSi... 30.11.2021  11:36