China’s hot-rolled coil prices dropped in both the spot and futures markets on Monday August 26, amid escalating trade tensions between the country and the United States. Domestic Eastern China (Shanghai): 3,670-3,680 yuan ($517-519) per tonne, down 50 yuan per tonne Northern China (Tangshan): 3,650 yuan per tonne, down 50 yuan per tonne Spot prices…
Indian steel industry has transformed substantially during 2018-19, with several mills changing ownership under IBC, commissioning of new capacities, as well as unveiling of new expansion plans by some of the Indian steel giants. Indian Steel Sector Map 2019, an update version of 2018 map, depicts capacities of various steel makers at various locations and…
Base metals prices on the Shanghai Futures Exchange tumbled across the board on the morning of Monday August 26, reflecting a further escalation of trade tensions between the United States and China after both sides said they would ramp up tariffs against each other. Last Friday, China said it would impose tariffs on $75 billion…
Chinese steel producer Shandong Iron and Steel Groups Shandong Province based subsidiary Shandong Iron and Steel Co Ltd has reported net profit slump 65.58% YoY in the first half of 2019. The company’s net profit attributable to shareholders reached CNY 577.5 million (USD 81.5 million) in the first six months, compared with CNY 1.68 billion…
Prices in most of the global markets for steel billet softened in the week ended Friday August 23 amid poor demand and falling raw materials prices. Fastmarkets’ daily index for iron ore 62% Fe fines, cfr Qingdao, was $87.81 per tonne on Friday, down by $1.76 per tonne week on week. Meanwhile, Fastmarkets’ daily index…
China’s Anyang Iron & Steel is investing 5.84 billion yuan ($828 million) in a new steel production facility in Henan province. The move is part of a capacity replacement program approved by Henan’s provincial authorities in December 2017 to conform to new… Источник
Aluminium alloys from China will be subject to at least 20% in tariffs by September while for hundreds of steel products it will be at least 35% if the latest round of tariffs threatened against China take effect, sources indicated to Fastmarkets. That is because the new tariffs US President Donald Trump signaled against China…
PAO Severstal and Air Liquide have signed a new long-term contract for the supply of oxygen, nitrogen and argon in Cherepovets. Air Liquide will invest around 50 million euros in the construction of a state-of-the-art Air Separation Unit (ASU) which will improve the energy efficiency and the overall environmental footprint of the Severstal production process.…