Metallurgy news

• South Korea demands US abolition of steel tariffs South Korean Trade Minister Yeo Han Ku called for trade talks with the United States on steel tariffs at a press conference on Monday. This comes after the US and the EU reached a new tariff agreement on steel exports last month, and last week the US agreed to revise steel tariffs with Japan.... 23.11.2021  10:25

• China's daily steel production will continue to decline According to the Ministry of Industry and Information Technology (MIIT), China's average daily crude steel production in October 2021 hit a record low since 2018 amid the country's drive to reduce carbon emissions and accelerate the green transformation of the steel industry. Last month, China's... 23.11.2021  10:24

• US Warns Lack of Transformer Steel Threatens National Security The Bureau of Industry and Security of the US Department of Commerce said in a November 18 report that if AK Steel stops producing grain oriented electrical steel, or GOES, a key material used in transformer manufacturing, it could be viewed as a national security threat to its power... 22.11.2021  12:42

• Prices for metal products in Europe are recovering In recent weeks, steel prices in Europe have recovered slightly, after which they continued to decline in October. Inflated energy prices have strengthened producers' resolve to stem the downward trend. The announcement of a new quota-based steel trade agreement between the EU and the US,... 22.11.2021  12:40

• Brazil caught up with the CIS on iron prices The merchant pig iron market was calm last week amid continuing reshuffle in fundamentals, but stronger sentiment last week pushed Brazilian suppliers to higher prices and higher US sales. Despite the fact that demand in the US remains sluggish, regular weekly sales continue to take place, which... 22.11.2021  12:10

• AISI Welcomes U.S. Infrastructure Bill The American Iron and Steel Institute welcomed President Joe Biden's signing of the Infrastructure and Jobs Investment Act on November 15, as the law, which includes provisions for American purchases, is expected to support domestic demand for steel. The $ 1.2 trillion bipartisan package, signed... 19.11.2021  13:24

• Steel prices to decline ahead of recovery in 2Q 2022 - S&P Paul Bartholomew, senior editor at S&P Global Platts, predicts that steel prices will potentially decline before recovering in the second quarter of the next calendar year. He believes that the slowdown in steel production growth will affect iron ore prices in the first quarter. However, he hopes... 19.11.2021  13:21

• Russia increased export of billets increased in 2021 Russia, the world's largest exporter of billets, in January-September 2021 recorded an increase in foreign sales of this material by 23.33% compared to the same period last year. According to SteelMint, the volume of exports for the reporting period amounted to 12.44 million tons (million tons),... 18.11.2021  10:52

• Steel production in China in early November decreased by 20% According to the China Iron & Steel Association, daily crude steel production in China in early November was 20% lower year-over-year, slightly above the October average. Industry sources expected China's steel production to remain low through November-December, but said it could rebound in... 18.11.2021  10:47

• EU invests € 1 billion in decarbonization projects The EU supports seven large-scale industrial decarbonization projects through its innovation fund, committing more than € 1.1 billion ($ 1.3 billion) to support advanced technologies in energy-intensive industries, hydrogen, carbon capture, storage and storage and renewable energy, European c... 17.11.2021  09:06