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Turkish mills to object to EC's antidumping decision on HDG imports
Wed, 18 May 2022 00:00:00 GMT
Turkish hot-dipped galvanized coil producers will object to the European Commissions decision May 10 to impose definitive antidumping duties on HDG imports into the EU from Russia and Turkey, sources told S&P Global Commodity Insights May 17. One of the producer sources said they have already filed an appeal with the commission. A negotiation

Steel prices ease over 10%, coal crisis playing havoc on secondary ...
Tue, 17 May 2022 00:00:00 GMT
Steel sector players are facing some heat owing to high input commodity prices as finished steel products have begun to decline since April after the Russia-Ukraine war broke out. Prices in the long products segment have declined on an average of 10-15 percent to Rs 57,000 per tonne in the Kolkata market from a high of Rs 65,000 a tonne. Coal which is a key raw material for the secondary steel producers has turned out to be the major pain point, officials said. Steel prices from leading

Ukraine: billet exports to Turkey down in Q1 2022
Fri, 13 May 2022 09:37:38 GMT
In January-March, Turkey decreased imports of Ukrainian billets by 49.5% YoY, to 84.8 thousand tons. In March, billet exports to Turkey stopped because of the Russian invasion and blockade of ports. Exports totaled 30.4 thousand tons. Ukraine accounts for 21% of Turkey's billet imports. (Ukrainian

Zaporizhstal eyes Polish demand amid disrupted supply
Fri, 13 May 2022 00:00:00 GMT
Ukraines Zaporizhstal, a flat steel mill partially owned by Metinvest, has started the production of a new type of hot rolled coil for Polish customers. Clients from Poland have ordered HRC in coils each weighing at least 9 tonnes, according to Ukrainian media reports. Previously, two coils were welded together to fulfil such an

Metinvest to conduct scheduled maintenance of Italian re-rolling ...
Wed, 11 May 2022 18:22:55 GMT
Metinvest, an international vertically integrated group of steel and mining companies (jointly referred to as Metinvest or the Group) decided to move the scheduled maintenance of the Italian re-rolling plants of the Group Metinvest Trametal (S. Giorgio di Nogaro, UD) and Ferriera Valsider (Vallese di Oppeano, VR) from August 2022 to May

Ukraine: military scrap estimated at 18-20 thousand tons
Tue, 10 May 2022 09:57:49 GMT
Ukrainian scrap procurers estimate the overall amount of military machinery and equipment that can be considered scrap metal at 18-20 thousand tons. The Ukrainian Association of Secondary metal UAVtormet has developed a special method of calculating the potential volume of scrap that can be received from damaged Russian war machinery. At the same time,

Ukraine: Metinvest spends UAH 1.2 billion on aid projects
Fri, 06 May 2022 09:44:10 GMT
Since February 24, the Metinvest Group has spent UAH 1.176 billion on projects of aid to Ukraine. The main task of the humanitarian initiative was the purchase and delivery of humanitarian cargo, in particular, food from Europe to Ukraine. In 2 months, almost 30 thousand people received this aid. Thanks to charitable contributions from

Ukraine: ArcelorMittal suspends investment projects at AMKR
Fri, 06 May 2022 09:43:04 GMT
ArcelorMittal has temporarily suspended all investment projects at ArcelorMittal Kriviy Rih, in particular, construction of the pelletizing factory with the capacity of 5 million tons per year. According to the company Q1 report, investment projects in Ukraine valued at $200 million are suspended. Funds intended for the AMKR will be redistributed to the renewable

EU cold heading steel prices rise for Q2 business
Fri, 06 May 2022 00:00:00 GMT
European steel buyers of cold heading quality (CHQ) rod must pay significantly more for their material, in the second quarter. Following the trend of other wire-related products, regional steel producers have secured substantial price hikes during their recent negotiations. The European CHQ market has been exposed to the same cost pressures that have influenced all other steel products, in recent months. The outbreak of war in Ukraine was the catalyst for the spike in prices. The military

Eurofer slashes outlook for European steel consumption
Fri, 06 May 2022 00:00:00 GMT
Steelmakers association Eurofer has drastically cut its forecast for EU steel demand growth due to soaring energy prices, ongoing global supply chain disruption and the Ukraine war shock. Apparent steel demand is now seen contracting 1.9% year-on-year in 2022, after a 15.2% y-o-y jump in 2021. In its previous forecast issued in February, before

Eurofer halves end-use sector output growth forecast
Fri, 06 May 2022 00:00:00 GMT
Eurofer has halved its forecast for EU steel-using sectors output to 2% on-year growth in 2022. This is the result of the rapid deterioration of the global industrial and economic outlook due to the war in Ukraine, coupled with ongoing and worsening supply chain issues. Output growth will rebound to only 2.3% the following

Kryvyi Rih Iron Ore Plant almost lost its markets due to the ...
Thu, 05 May 2022 10:00:00 GMT
The biggest consumers of the company's iron ores were Ukrainian plants in the Donetsk region, which are now destroyed

Number of CIS steel news reports: 12
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