Metallurgy news

• Azovstal seeks to cancel the increase in tariffs for railway transportation The Azovstal metallurgical plant, operating in Mariupol, Donetsk region and part of the Metinvest group, has filed a lawsuit with the Kiev District Administrative Court (OASK), in which it asks the court to cancel the order of the Ministry of Infrastructure of Ukraine, which raised tariffs for... 23.09.2021  10:41

• The increase in taxes in metallurgy may reduce the export of Russian coal The tax reform in the Russian metallurgy will increase the cost of producing coking coal, which is used to smelt iron and steel. It is coking coal that has the greatest prospects to remain in demand on the world market even in the event of the final victory of the "green" agenda in the world and... 23.09.2021  10:25

• Iron ore price surpasses $ 100 again after Evergrande deal The price of iron ore jumped on Wednesday after China Evergrande Group, the largest residential real estate operator, said it reached an agreement with yuan-denominated bondholders to pay interest. In January, iron ore on the Dalian Mercantile Exchange of China closed its day trading 3.7% higher... 23.09.2021  10:05

• Steel production in Italy increased in January-August 2021 According to statistics from the Italian steel industry association Federacciai, in the first eight months of this year, Italy's crude steel production was over 16.3 million tonnes, up 27.5% over the same period last year. Production of long products increased by 32.8% year-on-year to 9 million... 23.09.2021  10:00

• Blast Furnace Capacity Utilization In China Drops To 83.74% Between September 10-16, blast furnace capacity utilization among 247 Chinese steel mills fell to a new low since early July, according to a Mysteel study, falling to 83.74% for the second straight week as Chinese steel surged. mills, especially those in Jiangsu in eastern China, have increased... 22.09.2021  11:28

• Exports of billets from the CIS countries stabilize due to demand in China Technically, as production volumes decline, China's buying interest will continue to decline. The drop in iron ore prices, which fell below $ 100 a ton on Tuesday, did not bother traders, who cited buying interest as the main factor behind the rise in prices in China at the moment. But they... 22.09.2021  10:38

• Increased capacity utilization at U.S. steel mills Weekly U.S. crude steel production saw a notable increase of 21.9% for the week ending September 18, 2021, up from the same week in 2020. This is in line with the latest weekly domestic production statistics released by the American Iron and Steel Institute. (AISI). Weekly US crude steel... 22.09.2021  10:29

• Results of rolled metal production in Ukraine for 8 months of 2021 In January-August 2021, metallurgical enterprises of Ukraine produced 13.01 million tons of rolled metal (106.0% compared to the same period in 2020), of which about 10.22 million tons, or 78.5%, were exported. In the same period in 2020, the share of exports was about 82.4%. The share of... 21.09.2021  09:57

• TMK supplies cylinders for PepsiCo Pervouralsk Novotrubny Plant (PNTZ), owned by the Pipe Metallurgical Company (TMK), has completed a large order for the production of cylinders for PepsiCo. The batch includes more than 3000 steel cylinders with a capacity of 20 liters and a working pressure of 150 atmospheres. These cylinders... 21.09.2021  09:50

• Miners Resist Falling Iron Ore Prices The spike in iron ore prices earlier this year sparked market speculation about an extended period of demand for commodities. The recent turn in the fate of the steel ingredient has been even more rapid and may well continue. The big miners, however, have stood firm against the decline. Iron ore... 21.09.2021  09:44