Tata stands firm on cutting ties with Russia
Tata Steel says the 75,000 tonnes of coking coal received from Russia in May was contracted weeks before its 20 April announcement that it was cutting business ties with Russia after its Ukraine invasion. “We confirm that the said deal was made before the announcement,” Tata Steel informs Kallanish. “Please note that Tata Steel has
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CIS steel output continues to fall in May
CIS crude steel production decreased in May, according to the latest worldsteel data monitored by Kallanish. Regional output amounted to an estimated 7.4 million tonnes, down by 19% year-on-year. During the first five months of 2022, crude steel production was 38.4mt, down 13.1% on January-May 2021. Russian production in May is estimated to have been
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UK extends lapsing safeguards, steelmakers express relief
The UK government has decided to extend safeguard quotas for a further two years to end-June 2024 on the five categories of steel products on which they are set to lapse next week, Kallanish notes. The decision has been lauded by UK Steel, whose director general, Gareth Stace, says the move “will guard against anticipated
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Acciaierie d’Italia idles lines amid demand deadlock
Italian steelmaker Acciaierie d’Italia, the joint venture between ArcelorMittal and state-owned Invitalia, has idled two galvanizing lines due to deteriorating demand for coil in Italy and Europe, sources tell Kallanish. The company declined to comment. However, deadlock and falling prices are persisting in the Italian coil market. This is forecast to continue through the summer,
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Fimi reports full order books despite crisis
Italian equipment maker Fimi Machinery tells Kallanish it has full order books until 2025 and the current economic and geopolitical crisis is not affecting mills’ investments for the moment. This year started with significant technology supply requests from large international steel producers. The company says it is investing to gain market share in the US
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NEWS
- EUROMETAL was at Wire & Tube 2022 in Düsseldorf June 24, 2022
- Iron ore seeks direction June 24, 2022
- EU court upholds Commission’s Tata-thyssenkrupp merger prohibition June 24, 2022
- Some Italian longs demand seen resuming before stoppages June 24, 2022
- Experts debate scrap price floor at Kallanish conference June 24, 2022
- EU Parliament’s CBAM stance hits EU steel, aluminum competitiveness: groups June 24, 2022
- Pressure on Turkish HRC pricing leads mills to plan maintenance breaks June 24, 2022
- UK government proposes to extend steel import safeguards, formal decision imminent June 24, 2022
- Import offers tumble in EU HRC market June 24, 2022
- Tata stands firm on cutting ties with Russia June 24, 2022
- CIS steel output continues to fall in May June 24, 2022
- UK extends lapsing safeguards, steelmakers express relief June 24, 2022
- Acciaierie d’Italia idles lines amid demand deadlock June 24, 2022
- EU CRC and HDG market quiet as automotive negotiations continue June 23, 2022
- European stainless alloy surcharges to fall again in July June 23, 2022
- EU steel section prices continue to drop on low demand June 23, 2022
- EU HRC market mulls mill closures, import prices slide June 23, 2022
- Global steel production down 3.5% on year in May: worldsteel June 23, 2022
- Fimi reports full order books despite crisis June 23, 2022
- RWE, ArcelorMittal to cooperate for wind farms, hydrogen June 23, 2022
- Iron ore rebounds but nerves frayed Seaborne iron ore prices picked up slightly on June 22, 2022
- Eramet signs purchase agreement for Aubert & Duval June 22, 2022
- CCIA calls on coking companies to suspend production June 22, 2022
- SSAB partners with autopart maker for use of fossil-free steel June 22, 2022
- Wind, steel bodies call on EU to speed up on renewables to secure industrial energy supply June 22, 2022
- German steel distributors’ sales rise in May, stocks jump 12% on year: BDS June 22, 2022
- Oversupply edges EU hot-rolled coil prices lower June 22, 2022
- Ukraine’s steel output to fall 64% on year to 7.6 mil mt in 2022: GMK June 22, 2022
- ArcelorMittal to idle 1.5 million mt/year blast furnace at Dunkirk June 22, 2022
- German stockholders surpass 1mt sales in March June 22, 2022
- Centravis uses German, Polish ports for exports June 21, 2022
- Lithuania blocks Russian steel rail transit to Kaliningrad June 21, 2022
- ArcelorMittal prepares to idle Dunkirk blast furnace: sources June 21, 2022
- Iron ore collapses as steel markets panic June 21, 2022
- Finnish stainless steel group Outokumpu divests Italian plate service June 21, 2022
- Northern European HRC prices stable, Italian prices fall June 21, 2022
- Ukraine, Moldova, Georgia could be granted EU ‘candidate status’ as early as June 23-24, EC says June 20, 2022
- CMC Poland profits from Russia/Belarus steel ban June 20, 2022
- EU initiates Belarus rebar anti-dumping duty review June 20, 2022
- Russia to subsidise steel exports amid sanctions June 20, 2022
- Italian coil downturn continues June 20, 2022
- Italian longs destocking takes toll on prices June 20, 2022
- EU passenger car registrations fall 11.2% on year in May: ACEA June 17, 2022
- Turkey set to announce AD duty decision on EU HRC imports June 17, 2022
- European HRC market pessimistic on negative fundamentals June 17, 2022
- EU starts expiry review of anti-dumping measures on rebar from Belarus June 17, 2022
- Marcegaglia invests in Ravenna June 17, 2022
- UK Steel calls for safeguard to be confirmed June 17, 2022
- EUROMETAL participated in a visit to the Liège tramway terminal June 16, 2022
- European flat steel prices stable to softer amid zero activity June 16, 2022
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Latest News
- EUROMETAL was at Wire & Tube 2022 in Düsseldorf
- Iron ore seeks direction
- EU court upholds Commission’s Tata-thyssenkrupp merger prohibition
- Some Italian longs demand seen resuming before stoppages
- Experts debate scrap price floor at Kallanish conference
- EU Parliament’s CBAM stance hits EU steel, aluminum competitiveness: groups
- Pressure on Turkish HRC pricing leads mills to plan maintenance breaks
- UK government proposes to extend steel import safeguards, formal decision imminent