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Steel Industry News

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


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


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


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


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


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


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


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


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


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


Number of steel news articles: 10
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