INDONESIA HAS IMPOSED AN EXPORT BAN ON NICKEL PRODUCTS WITH A LOW NICKEL CONTENT Indonesia intends to impose an export ban on nickel goods having a nickel concentration of less than 60%. According to media reports, Minister of Investment/Head of Investment Coordinating Board (BKPM...
ASIA: STAINLESS STEEL PRICES HAVE RISEN TO MULTI-YEAR HIGHS **South Korea ** Since the beginning of 2022, the value of cold rolled coil transactions in South Korea has increased by 17%, reaching a fifteen-year high. According to reports, end-users are unable ...
STEEL PRICES IN THE UNITED STATES ARE STARTING TO RISE Many consumers were concerned about supply constraints and ordered excessive quantities as a result. The expected market scarcity of steel items, on the other hand, did not materialize. The war's cons...
ROOFING FIRMS SEEK EXTENSION OF AD TARIFF WAIVERS ON COATED AND COLOR STEEL IMPORTS Thai steel roofing manufacturers have asked the Commerce Ministry to help them extend anti-dumping tax waivers or scrap anti-dumping restrictions on imported steel used in metal sheet manufacturing. A...
BRITISH STEEL INSTALLS A LASER MEASUREMENT SYSTEM AT THE SKINNINGROVE PLANT British Steel's Special Profiles division has installed a GBP 1 million (USD 1.2 million) state-of-the-art laser measurement equipment, which is part of a suite of patented technologies currently bein...
INDIA'S METAL COMPANY POSTS 12 PCT NET PROFIT GROWTH IN Q4 FISCAL YEAR 2022 Shyam Metalics and Energy reported a 12 percent increase in consolidated net profit to INR 433.2 crore (USD 56 million) in Q4 FY22 ended March 31, 2022, on a 22 percent increase in net sales to INR 2,...
JAPAN'S THIRD-BIGGEST STEELMAKER AIMS TO BOOST LOW CARBON-STEEL SALES IN 2030 Kobe Steel Ltd, Japan's third-largest steelmaker, plans to sell one million tons of low-carbon steel per year by 2030, in line with a global push toward decarbonization, according to its president. C...
STEEL PRICES IN EUROPE FALTER AS DEMAND EASES The rapid rise in European steel prices slowed in late April and early May, owing to Russia's invasion of Ukraine. As a result of the initial panic buying, stocks were depleted throughout the supply c...
LIBERTY STEEL PROCLAIMED 200 JOB CUTTING PROSPECTS IN THE UK According to The Guardian, the firm said on April 8 that it will slash 160 positions at a facility in Stocksbridge, South Yorkshire, and 45 jobs in West Bromwich, West Midlands, as it shifted operatio...
WIND AND SOLAR ENERGY ARE POWERED BY ALUMINIUM, STAINLESS STEEL, AND OTHER RAW MATERIALS. Aluminium and stainless steel are two renewable energy sources with high raw material needs. However, this is also a significant stimulus for the metal sector. After all, 1 megawatt of renewable energ...
PRICE BOOM AND UNPRECEDENTED BULL CYCLE FOR METALS After ringing the death knell for commodity prices in the course of 2022 at the conclusion of 2021 and the beginning of 2022, consultants and experts' assessments have suddenly turned around. Commodit...
MEXICAN STEEL MARKET PRICES EXPECTED TO RISE According to data, over 80% of market participants expect Mexican finished steel prices to rise further in April owing to increasing raw-material costs. Concerns about low demand, on the other hand, a...
