To arrest the Pakistani rupee’s slide against the dollar, Pakistan’s government is planning on increasing regulatory duties on imports of many commodities including steel. The government has prepared a draft of the revised plan, to reduce imports by nearly $1 billion a month through a combination of tariffs and non-tariff measures. The plan’s implementation is…
Global nickel resources are rich and unevenly distributed, and Indonesia, Australia and Russia all have rich nickel resources. However, the production of nickel resources is concentrated, and the nickel production in Southeast Asia will account for 55% of the world in 2021. According to data released by the United States Geological Survey, the total global…
Buying interest for billet continues to be sluggish in Southeast Asia, Kallanish notes. The limited offers tabled are falling. But regional importers are waiting for the market to bottom out. An Indonesian blast furnace mill is offering 150mm square 5sp billet at $710/tonne CFR Manila. The offer for 3sp billet is $10/t lower, a Manila…
Iran’s mining and trade ministry has revised export duty tariffs following tenders concluded by mills at lower prices amid a lack of demand. Tariffs have been revoked completely for rebar and hot-rolled coil and reduced for billet to 2%, slab to 5%, and iron ore concentrate to 5%, Kallanish understands. According to market sources, billet…
Go straight, turn around, raise your hand, go down… Walking into the high-voltage power distribution room of Zhongnan Iron and Steel Shaogang Songshan blast furnace, you can see that the cute robot is “walking” quickly in front of the power distribution cabinets, raising both hands, the camera in the left hand, the infrared light in…
Danieli has signed a new contract with leading US steel manufacturer Pacific Steel Group (PSG) to supply the MIDA Hybrid mini-mill in Mojave, California. Thanks to the Q-One and Q-Jenius technologies, the mini-mill will use solar energy to produce construction steel from scrap in the most ecological way possible. The new plant will produce 380,000…
According to the official website of Egyptian customs, the pre registration ACI system for Egyptian air cargo will be put into trial operation on May 15 and enforced on October 1. More information friendship Link： LMM Totai Refractory, LMM Mill ROLLS, LMM CCM, LMM Mechanical Equipment, Intelligent industry, STEEL Metallurgy Industry
The first cross-river railway bridge between China and Russia has just been completed and opened to traffic, which will greatly enhance the economic, trade, and freight links between China and Russia! The railway bridge named “Lininskoye-Tongjiang” was inaugurated on April 27 in the Jewish Autonomous Region of Russia. The total length of the bridge is…
Export prices for Russian flat products fell sharply after the Russian holiday in early May, due to pressure from buyers. According to Mysteel’s research, the current price of the hot-rolled coil in Russia is around $840-850/ton FOB Black Sea, down $80-90/ton compared to before the holiday. For slab, Russian slab offers are very competitive at…
On April 27, 2022, the groundbreaking ceremony of the fourth phase of the Tosyali Algeria integrated steel plant project was successfully held at the site. The Tosyali Algeria Phase IV integrated steel plant, which is contracted by Sinosteel Equipment EPC, mainly includes a direct reduced iron workshop with an annual output of 2.5 million tons,…