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Eurofer calls EU parliament to fix carbon market reforms vote
Wed, 18 May 2022 00:00:00 GMT
European steel association Eurofer on May 17 asked the European Parliament to fix what they are calling a disruptive vote on the European Commissions proposed reforms to the Emissions Trading System, or ETS, and Carbon Border Adjustment Mechanism, or CBAM. On May 17, the European Parliaments environment committee backed the European Commissions proposed reforms
https://eurometal.net/eurofer-calls-eu-parliament-to-fix-carbon-market-reforms-vote/


China increased steel production by 5.1% in April
Tue, 17 May 2022 10:00:00 GMT
At the same time, Chinese steelmakers reduced steel production by 10.3% in January-April
https://gmk.center/en/news/china-increased-steel-production-by-5-1-in-april/


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
https://www.hellenicshippingnews.com/steel-prices-ease-over-10-coal-crisis-playing-havoc-on-secondary-steelmakers/


Dalian iron ore rebounds on supply woes, easing of China COVID ...
Tue, 17 May 2022 00:00:00 GMT
Chinese iron ore futures rose on Monday, supported by supply concerns and shrinking portside inventories of the steelmaking ingredient, while the easing of some COVID-19 curbs in the worlds top steel producer also lifted trader sentiment. The most-traded September iron ore contract on Chinas Dalian Commodity Exchange DCIOcv1ended daytime trade 3.9% higher at 834.50 yuan ($122.80) a tonne, after posting its biggest weekly loss in nearly three months on Friday. On the Singapore Exchange, the
https://www.hellenicshippingnews.com/dalian-iron-ore-rebounds-on-supply-woes-easing-of-china-covid-curbs/


China April crude steel output up on month as COVID curbs ease
Tue, 17 May 2022 00:00:00 GMT
Chinas crude steel output picked up in April, rising 5.1% from a month earlier as the impact of environmental restrictions and COVID-19 disruptions eased, but it was still well below year-ago levels. The worlds biggest steel producer made 92.78 million tonnes of the metal last month, data from the National Bureau of Statistics (NBS) showed on Monday, up from 88.3 million tonnes in March and down 5.2% from April 2021. Average daily output in April was 3.09 million tonnes, according to
https://www.hellenicshippingnews.com/china-april-crude-steel-output-up-on-month-as-covid-curbs-ease/


Expected demand recovery likely to ease China's steel oversupply
Tue, 17 May 2022 00:00:00 GMT
Chinas oversupplied steel market could soon see some relief as the downtrend in demand is expected to bottom out in the near term, industry sources told S&P Global Commodity Insights May 16. Chinas daily pig iron output hit a record high in April at a time when the market faced tepid demand, keeping steel
https://eurometal.net/expected-demand-recovery-likely-to-ease-chinas-steel-oversupply/


Eurofer joins industries' call for realistic emissions targets
Tue, 17 May 2022 00:00:00 GMT
Eurofer has joined a number of energy-intensive industry associations to call on the European Parliament to retain free carbon emissions allowances ahead of the upcoming vote on the Emissions Trading Scheme (ETS) and Carbon Border Adjustment Mechanism (CBAM). In a letter seen byKallanish, the associations stress the need to set realistic benchmarks related to
https://eurometal.net/eurofer-joins-industries-call-for-realistic-emissions-targets/


Metinvest reduced steel production by 8% in Q1 2022
Mon, 16 May 2022 10:00:00 GMT
Pig iron production decreased by 15% to 1.83 million tons compared to the same period last yea
https://gmk.center/en/news/metinvest-reduced-steel-production-by-8-in-the-q1-2022/


Structural fabricator expands range to process 80-ft.-long beams
Mon, 16 May 2022 07:00:00 GMT
Expanding fabrication capacity has been an earmark of Haas Metal Engineerings (HME Inc.) cycle of growth since its inception in 1996, so it was only natural for the Topeka, Kans-headquartered fabricator to add structural beam processing machinery for very long beams. HME selected a Peddinghaus BDL-1250/9D drill line, a DG-1250 band saw, and a single-torch coping
https://www.thefabricator.com/thefabricator/article/metalsmaterials/structural-fabricator-expands-range-to-process-80-ft-long-beams


Turkish steel producers expect EU to remove safeguards following ...
Mon, 16 May 2022 00:00:00 GMT
The Turkish Steel Producers Association expects the European Commission to remove safeguard measures on steel products as a World Trade Organization panel supported the thesis that these are contrary to international trade rules. The removal of EU safeguards will contribute to the re-establishment of free and fair trade globally, as well as improve trade
https://eurometal.net/turkish-steel-producers-expect-eu-to-remove-safeguards-following-wto-report/


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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


India: Domestic steel outlook firm amid concern of global steel ...
Tue, 10 May 2022 00:00:00 GMT
The Indian steel sector outlook, on the back of strong domestic demand from government and private sectors, is likely to remain firm amid concern of global demand uncertainties in the current fiscal. Tata Steel expects that demand and prices will remain strong as China will no longer be adding 50-60 million tonnes to its capacity annually and that country may not export significantly higher quantities to disrupt steel prices globally. However, India Ratings and Research (Ind-Ra) has


Tata prefers growing organically over acquisitions this decade
Tue, 10 May 2022 00:00:00 GMT
Tata Steel aims to expand the capacity through organic growth at its existing facilities to grow its steel production capacity to 40-50 million tonnes/year through 2030, from the existing 20m t/y, it says. It doesn't need to acquire new assets to reach its production goals, Kallanish notes. Most of our growth in the last




South America Media Releases



Vale divestment plan for steelmaker CSP, bauxite miner MRN ongoing
Sat, 30 Apr 2022 00:00:00 GMT
Brazilian miner Vale is continuing with the process of divestment of two non-core assets: steelmaker Companhia Siderurgica do Pecem and bauxite miner Mineracao Rio do Norte, a company executive said April 28. Weve done a lot to clean up most of the non-core assets out of our portfolio and we just have two candidates left: CSP and MRN, Gustavo Pimenta, executive vice-president of finances, told analysts on a Q1 results webcast. Both processes are ongoing, he said. Those would be the


Vale and Nippon Steel sign MOU to develop decarbonization technologies ...
Wed, 27 Apr 2022 00:00:00 GMT
Brazilian miner Vale and Japanese steelmaker Nippon Steel have signed a memorandum of understanding to pursue ironmaking solutions focused on carbon-neutral steelmaking processes, the two companies said in separate statements April 26. Based on this MOU, Nippon Steel and Vale will jointly study and explore the utilization of raw materials which contribute to direct


Sidenor buys scrap supplier Aguilar Metal Recycling
Wed, 27 Apr 2022 00:00:00 GMT
Spanish special steelmaker Sidenor has acquired Aguilar Metal Recycling (AMR), a Valencian company specialising in industrial xxx The deal will ensure Sidenors supply of quality raw materials and boost its technological and industrial capacity in metal waste treatment. This acquisition contributes to the consolidation of the sector, in which the supply security of a




North America Industry Headlines



JMS Russel Metals Corp. orders slitting line from Red Bud Industries
Fri, 13 May 2022 00:00:00 GMT
Russel Metals Corp. recently ordered a Heavy Gauge Slitting Line from Red Bud Industries for its facility in Blytheville, Arkansas, on the Nucor


EU exports to US buck overall negative trend
Fri, 06 May 2022 00:00:00 GMT
European finished steel exports to the United States are bucking the trend of overall export decline from the continent to third countries,Kallanishlearns from the latest data published by Eurofer. In the fourth quarter of 2021, exports of finished products from the EU to the US jumped 43% on-year, thereby re-establishing the US as the


Former chair of SPFA pipe section inducted into STI/SPFA Hall ...
Fri, 29 Apr 2022 07:19:00 GMT
Lake Zurich, Ill.-based STI/SPFA has inducted Ralph Carpenter, former chairman of the SPFA pipe section, into its Hall of







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