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Nerds of Steel
Based on reported import licenses, US long products imports stayed flat in December, 2022 compared to December, 2021 at 268,000 short tons. A decline in Wire Rod imports from Algeria and Egypt was offset by an increase in All Other Structural Shapes and Rebar imports. US long products imports for the full year 2022 were […]
The post US long products imports stay flat on December, 2021 but rise 16% between full-year 2021 & 2022 appeared first on Nerds of Steel - The Steel Industry Blog.
Based on reported import licenses, US flat products imports dropped 33% from 1,010,000 short tons in December, 2021 to 672,000 tons in December, 2022. The decline was mainly due to lower hot rolled imports from Mexico, Canada and Vietnam, as well as lower hot dip galvanized imports from Vietnam, Turkey and the UAE. Based on […]
The post US flat products imports fall 33% on December, 2021 to 672kt appeared first on Nerds of Steel - The Steel Industry Blog.
Worldsteel reported crude steel production in China at 74.5 million metric tonnes in November, 7.3% higher than in November, 2021. Chinese production in the first eleven months of 2022 was 1.6% lower than in the same period last year. Data from China’s General Administration of Customs show China’s net finished steel exports (exports minus imports) […]
The post China crude steel production up 7.3% on November, 2021, net exports rise 65% appeared first on Nerds of Steel - The Steel Industry Blog.
Worldsteel published November, 2022 world crude steel production today. World crude steel output was 139.1 million metric tonnes, a 2.6% decline on November, 2021. China produced 74.5 million tonnes this November, accounting for 54% of world output and rising 7.3% on last November. In contrast, world crude steel production outside China was 64.7 million tonnes, […]
The post World crude steel production -2.6% on November, 2021 with China +7.3% and ROW -12.0% appeared first on Nerds of Steel - The Steel Industry Blog.
Based on reported import licenses, US long products imports fell 36% from 375,000 short tons in November, 2021 to 240,000 tons last month. The decline was mainly due to lower rebar imports from Algeria and Spain, as well as lower wire rod imports from Algeria, Canada and Brazil. Long products imports in the first eleven […]
The post US long products imports down 36% on November, 2021 to 240kt appeared first on Nerds of Steel - The Steel Industry Blog.
Based on reported import licenses, US flat products imports fell 36% from 1,043,000 short tons in November, 2021 to 672,000 tons in November, 2022. The decline was mainly due to lower hot rolled imports from Mexico, Japan, Turkey and Canada, as well as lower hot dip galvanized imports from Vietnam, Turkey, Brazil and Pakistan. Based […]
The post US flat products imports down 36% on November, 2021 to 672kt appeared first on Nerds of Steel - The Steel Industry Blog.
Worldsteel reported crude steel production in China at 79.8 million metric tonnes in October, 11% higher than in October, 2021. Chinese production in the first ten months of 2022 was 2.3% lower than in the same period last year. Data from China’s General Administration of Customs show China’s net finished steel exports (exports minus imports) […]
The post China crude steel production up 11% on October, 2021, net exports rise 31% appeared first on Nerds of Steel - The Steel Industry Blog.
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EuroMetal
Slow demand inhibited activity in the Southern European rebar markets in the week to Thursday January 25.Fastmarkets’ price assessment for steel reinforcing bar (rebar) domestic, exw Italy was €765-840 ($833-915) per tonne on Wednesday, down by €20-45 per tonne from €810-860 per tonne since the previous week. A downtrend continued in the Italian rebar market
The post Rebar trading activity slows in Italy and Spain; price direction uncertain appeared first on EUROMETAL.
European cold-rolled and hot-dipped galvanized coil producers were aiming for higher prices in the week to Wednesday January 25, but buyers showed resistance, market sources told Fastmarkets.Bullish sentiment arising from strong order books and high costs has caused European flat steel producers to gradually push for higher CRC and HDG prices. Buyers, however, were skeptical
The post European buyers resist higher CRC, HDG offers appeared first on EUROMETAL.
Global investment in low-carbon hydrogen more than tripled in 2022 to a record $1.2 billion, according to a report released on Thursday by research firm BNEF. The investments cover electrolysis and thermochemical production projects, as well as pipelines and underground storage, Kallanish notes. However, 99% of last year’s spending went towards electrolysers, with electrolysis capacity
The post Global hydrogen investment triples, Europe lags behind: BNEF appeared first on EUROMETAL.
Swiss Steel Group (SSG) has come up with a white paper for its Green Steel initiative for ecologically produced low-emission steel. Green Steel is thus not only a tool that helps reduce emissions, it is also intended to help customers and partners and encourage them to do more to mitigate climate change,” the group states.
The post Green Steel initiative encourages partners’ decarbonisation: Swiss Steel appeared first on EUROMETAL.
With the acquisition of Metaltec AG in Pieterlen, Switzerland, voestalpine is further expanding the high-quality segment range of its subsidiary High Performance Metals Division. Metaltec supplies bright bar, drawn or ground stainless steel that has the closest tolerances and a particularly even and smooth surface and thus improved machinability. The focus is on industries with
The post Voestalpine acquires Swiss bright bar firm appeared first on EUROMETAL.
Eurofer has reiterated again this week the need for the EU to take action to secure future access to critical raw materials such as nickel, ferrous scrap and rare earths. The European steelmakers association issued a joint call with WindEurope, the voice of the wind energy industry in Europe. “In March the European Union will
The post Eurofer joins WindEurope in raw materials access lobbying appeared first on EUROMETAL.
During negotiations for coil supply contracts for 2023, mills largely tried to keep the contract periods to half a year, rather than a full year, Kallanish hears from market players. This in itself is not surprising; depending on the temporary price trends, either side may prefer to keep contracts shorter than a full year. As spot prices
The post EU coil mills prefer shorter contract periods appeared first on EUROMETAL.
MoneyControl
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In todayâs edition of Moneycontrol Pro Panorama: Should investors worry about turnover ratio, can banks pull up Nifty, problems posed by âtime theftâ and âquiet quittingâ, school learning outcome disappoints, and more
Saggar, who was a member of the Reserve Bank of India#39;s rate-setting panel through much of the coronavirus pandemic, says the government must downsize itself even as it continues its focus on capital expenditure
However, heavy selling pressure in the domestic equity markets and unabated foreign fund outflows restricted the gains in the local currency, forex traders said. At the interbank foreign exchange market, the rupee opened stronger at 81.51 to a dollar.
On February 7, a two-judge panel will rule on whether the Odisha RERA was at fault for not ruling on issues it did not have the power to execute. Many RERA conclaves have raised this issue, which, if not addressed, can dilute a law that had the potential to transform the real estate industry
Vedanta Q3 result: Revenue from operations came in at Rs 33,691 crore, down 0.01 percent from Rs 33,697 crore from the year-ago quarter
Bajaj Financeâs AUM grew by 27 percent to Rs 2.3 lakh crore from Rs 1.8 lakh crore in the December quarter of FY22.The Economic Times
"CIL has envisaged to process the overburden rocks for sand production in mines where OB material contain about 60 per cent sandstone by volume which is harnessed through crushing and processing of overburden," the coal ministry said in a statement.
The Centre had provided ₹6,322 crore for the specialty steel PLI. Till now 67 applications from 30 companies have been selected under the first round of the scheme. Contracts for these are expected to be signed by the end of this month.
EEPC India chairman Arun Kumar Garodia said that the support under the Emergency Credit Line Guarantee Scheme (ECLGS) in the wake of the Covid pandemic was essentially loans and hence a liability that has to be repaid.
The industry, which used to be one of the major revenue earners for the state, had come to a standstill in 2018 after the Supreme Court quashed 88 mining leases. "In the second phase, bids have been invited for the auctioning of Advalpale-Tivim Mineral Block, Cudnem-Cormolem Mineral Block, Cudem Mineral Block, Tivim-Pirna Mineral Block and Surla-Sonshi Mineral Block," the official from the DMG said on Tuesday.
The policy, aimed at providing capital subsidy, tax exemption and assured availability of coal, could be ready in two months, a senior government official told ET.
This new provision was added in the import policy condition of urea. A bill of entry is a legal document filed by importers or customs clearance agents on or before the arrival of imported goods.
The uptick in demand also resulted in copper producers ramping up their production. Indian integrated producers increased their copper wire rod production by 28.7% YoY as the demand increased in FY 22. Copper being a global commodity is largely mined in the southern hemisphere while the northern hemisphere is a bigger user of the metal. BloomBerg
Steelguru
Steel News
27 January 2023 - The EU has imposed high anti-dumping and countervailing duties on stainless steel imports from Indonesia. The Indonesian government has now filed a request for consultations with the WTO to fight this. And Europe is reporting strong order books, falling availability and rising prices for steel. Mills already fully booked?
26 Januar 2023 - At the beginning of December there were already signs of a new shortage of stainless steel from January 2023. Currently, there are many indications that the upward jump in demand is already greater than the supply. And the electric vehicle manufacturer Tesla wants to produce at least two million vehicles in 2023. According to company founder Elon Musk, demand has risen dramatically.
25 January 2023 - Major Russian nickel miner Nornickel, which mines platinum, palladium and copper as well as nickel, expects production to drop further in 2023. Copper prices at highest level in seven months. Will the UK now get its own carbon border tax to pay own steel companies to go green?
24 January 2023 – EU and US stainless steel alloy surcharges are rising in February 2023, in some cases by double digits, and are already above the 2022 average. Has the dispute over steel tariffs between the European Union and the United States reached an impasse? And does the Chinese reopening offer a boost for […]
23 January 2023 - Lower energy costs, rising raw material prices and significantly increased demand dominate the stainless steel market. Chrome ore and ferrochrome prices in particular have recently increased significantly. But the upward trend is currently also continuing for other raw materials.
20 January 2023 - Steel prices have recently risen significantly again. Not only the relaxed covid restrictions in China, but also the lowest inventories in 16 months are giving prices in Europe a good tailwind. Molybdenum and nickel continue to rise.
19 January 2023 - The European demand for stainless steel in has increased significantly after the turn of the year. Further price increases are to be expected here. And Chinese provinces are signalling clear growth targets for 2023, partly with reference to "under any circumstances".Stratus Steel
Modern Metal
January 26, 2023 - Tube China, the leading regional trade fair for the tube and pipe sector, will be held from June 14 -16, 2023, in Shanghai. On display will be machinery and equipment for tube manufacturing, processing technologies and raw materials as well as tubes and accessories, pipeline and OCTG technology.
January 26, 2023 - UNITED GRINDING North America will host industry leaders and manufacturing professionals at the first ever Precision Summit in Miamisburg, Ohio on May 24-25, 2023.
Sandmeyer Steel Company
10001 Sandmeyer Lane
Philadelphia, PA 19116
phone: 215-464-7100
fax: 215-677-1430
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January 20, 2023 - Starting on January 31, 2023, online exhibitor registration for wire and Tube, the world’s leading trade fairs for the wire, cable and tube and pipe industries, will open online.
January 19, 2023 - Bri-Steel Manufacturing (Integris International Inc.) a leading North American manufacture of large diameter seamless steel pipe announces they are building their second North American Thermal Pipe Expansion mill (TPE) in Enid, Oklahoma.
January 19, 2023 - First Sustainable Steel Product Engineered Specifically for Offshore Wind Energy Applications.
January 18, 2023 - Mill Steel Co., announces its expansion into the flat-rolled stainless steel and aluminum metal markets with the acquisition of Cleveland Metal Exchange and Chicago Stainless Metal Exchange.