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Gupta inks $450m lifeline deal with Glencore and Trafigura to ...
Fri, 09 Jul 2021 19:00:00 GMT
Metals magnate Sanjeev Gupta's GFG Alliance has reportedly struck a loan deal with commodities giants Glencore and Trafigura to safeguard its aluminium division from looming

European Commission proposes three-year steel safeguard extension
Mon, 14 Jun 2021 00:00:00 GMT
The European Commission (EC) has notified EU member states as well as the WTO of its intention to prolong steel safeguard measures for three years beyond 30 June,Kallanish learns from a WTO document. In its determination following the safeguard review, the Commission found evidence that the measures continue to be necessary to prevent or remedy

EU carmakers lambast Commission's safeguard extension proposal
Sun, 13 Jun 2021 00:00:00 GMT
The European Automobile Manufacturers Association (ACEA) says it is disappointed by the European Commissions proposal to extendsafeguard duties by three years beyond 30 June (see related article). The move disregards the interests of downstream users of steel amid acute automotive steel shortages, it adds. These shortages have led to a slowdown in manufacturing, requiring

Steel safeguards until June 2024
Fri, 11 Jun 2021 00:00:00 GMT
The Commission has notified the WTO of its intention to renew the steel safeguards for a period of 3 years until June 30, 2024 The notification is

Using a reciprocating saw for tube and pipe cutoff
Tue, 08 Jun 2021 07:00:00 GMT
A grinder with a cutoff wheel is the go-to tool for many tube and pipe shops, but this isn't the only choice. A reciprocating saw offers advantages in safety and cutting speed, and when outfitted with a premium blade, it can offer substantial cost

EUs anticipated safeguard extension set to hit Korean steelmakers
Mon, 07 Jun 2021 00:00:00 GMT
The local steel industry is expected to continue to suffer an export contraction as the European Commission is likely to extend a safeguard measure on steel imports for an additional year. According to the Korea International Trade Association (KITA) and foreign media, Sunday, the European Commission is slated to announce the results of an investigation to assess the need for an extension of the safeguard measure on June 7 (local time). The European Commission introduced the safeguard

EU to extend safeguards for one year: sources
Fri, 28 May 2021 00:00:00 GMT
EU safeguard measures are expected to be extended for one year from the beginning of July,Kallanishlearns from sources in the market. The European Commission is yet to publish a proposal on the future of the measures. Sources in Europe, though, report that local steel associations are communicating that a decision is close. According to

ISSF Awards 2021
Tue, 25 May 2021 00:00:00 GMT
Every year the ISSF awards members for good practices and novel ideas in the areas of best technology, best market development, safety and

UK proposes three-year steel import safeguards extension only ...
Fri, 21 May 2021 00:00:00 GMT
The UKs Department of International Trade has published an intended preliminary decision to extend UK steel import safeguards and tariff rate quotas for three years from July 1 on certain product categories, including hot-rolled sheets and strips, cold-rolled sheets and rebars, where imports have been significant. Imports of other products deemed not to have been imported in significan't quantities, or which are not produced in the UK or have not caused serious injury to domestic

China April crude steel output hits record despite production ...
Tue, 18 May 2021 00:00:00 GMT
Chinas crude steel output hit an all-time high in April, despite the governments pledge to curb annual production to reduce pollution as well as increasing costs from raw materials. With mills cranking up production fuelled by strong profits, the worlds top steel producer churned out 97.85 million tonnes of the metal last month, data from the National Bureau of Statistics (NBS) showed on Monday. That was up 4.1% from March and well above output of 85.03 million tonnes in April 2020.

China to tighten steel capacity controls from June 1
Fri, 07 May 2021 00:00:00 GMT
Chinas industry ministry will tighten steel production capacity swap controls in key areas suffering from air pollution under new rules taking effect on June 1, it said on Thursday. The ministrys swap system allows new steel capacity in China, the worlds top producer of the metal, to come online provided there are closures elsewhere. The ministry also said that low-grade and outdated steel production capacity, as well as ferro-alloy smelting capacity, can no longer be swapped from June 1.

Vale reports record Q1 as iron ore, copper prices soar in tight ...
Thu, 29 Apr 2021 00:00:00 GMT
Brazilian miner Vale, one of the worlds largest iron ore producers and a major copper producer, reported record first quarter financial results late April 26 as prices for these commodities soared, partly due to supply-side issues. The company said it continues to stabilize output following dam disasters that resulted in lower iron ore production in recent years and the continuing impact of COVID-19 on its operations, now seen reducing copper output. In Q1, Vale reported a pro forma

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