News
-
Rebar is easy to rise but difficult to fall in the future
At present, the market optimism is gradually picking up. It is expected that the transportation logistics and terminal operation and production activities in most parts of China will return to the normalization stage from mid April. At that time, the centralized realization of demand will boost t...Read more -
Vale announces sale of central and Western system assets
Vale announced that on April 6, the company had entered into an agreement with J & F Mining Co., Ltd. (the “buyer”) controlled by J & F for the sale of minera çã ocorumbaense reunidas A.、MineraçãoMatoGrossoS. A. , internationalironcompany, Inc. and transbargenavegaci ó nsocie...Read more -
Construction of the first commercial plant in the Brazilian city of tecnore
Vale and Pala state government held a celebration on April 6 to celebrate the commencement of the construction of the first tecnored commercial operation plant in Malaba, a city in the southeast of Pala state, Brazil. Tecnored, an innovative technology, can help the iron and steel industry decarb...Read more -
The EU carbon tariff has been preliminarily finalized. What is the impact?
On March 15, the carbon border regulation mechanism (CBAM, also known as EU carbon tariff) was preliminarily approved by the EU Council. It is planned to be officially implemented from January 1, 2023, setting a three-year transition period. On the same day, at the economic and financial affairs ...Read more -
AMMI acquires Scottish scrap recycling company
On March 2, ArcelorMittal announced that it had completed the acquisition of John Lawrie metals, a Scottish metal recycling company, on February 28. After the acquisition, John Laurie still operates according to the original structure of the company. John Laurie metals is a large scrap recycling ...Read more -
Evolution of iron ore price from global crude steel production and consumption
In 2019, the world’s apparent consumption of crude steel was 1.89 billion tons, of which China’s apparent consumption of crude steel was 950 million tons, accounting for 50% of the world’s total. In 2019, China’s crude steel consumption reached a record high, and the appar...Read more -
The United States and the United Kingdom reached an agreement to eliminate the use of steel for British Steel and aluminum products
Anne Marie trevillian, British Secretary of state for international trade, announced on social media on March 22 local time that the United States and Britain have reached an agreement on canceling high tariffs on British steel, aluminum and other products. At the same time, the UK will also simu...Read more -
Rio Tinto sets up technology and innovation center in China
Recently, Rio Tinto Group announced the establishment of Rio Tinto China technology and innovation center in Beijing, with a view to deeply integrating China’s leading scientific and technological R & D achievements with Rio Tinto’s professional capabilities and jointly seeking te...Read more -
American steel company announced that it will expand the capacity of Gary ironmaking plant
Recently, the United States Steel Corporation announced that it would spend $60 million to expand the capacity of the Gary ironmaking plant in Indiana. The reconstruction project will start in the first half of 2022 and is expected to be put into operation in 2023. It is reported that through equ...Read more -
The G7 held a special meeting of energy ministers to discuss the diversity of energy needs
Finance Associated Press, March 11 – the energy ministers of the group of seven held a special teleconference to discuss energy issues. Japanese Minister of economy and industry Guangyi Morida said that the meeting discussed the situation in Ukraine. The energy ministers of the group of sev...Read more -
The United States announced a ban on the import of Russian oil, gas and coal
US President Joe Biden signed an executive order at the White House on the 8th, announcing that the United States banned the import of Russian oil, liquefied natural gas and coal due to Ukraine. The executive order also stipulates that American individuals and entities are prohibited from making ...Read more -
Canada made the first double reverse sunset review final decision on China related welded large-diameter carbon alloy steel pipe
On February 24, 2022, the Canadian Border Service Agency (CBSA) made the final decision of the first anti-dumping sunset review on the welded large diameter carbon and alloy steel linepipe originating from or imported from China and Japan, The first countervailing sunset review was made on the we...Read more -
Us and Japan reach new steel tariff agreement
According to foreign media, the United States and Japan have reached an agreement to cancel some additional tariffs on steel imports. It is reported that the agreement will come into force on April 1. According to the agreement, the United States will stop levying 25% additional tariffs on a ...Read more -
Global crude steel production fell 6.1% year-on-year in January
Recently, the world iron and Steel Association (WSA) released the global crude steel production data in January 2022. In January, the crude steel output of 64 countries and regions included in the statistics of the world steel association was 155 million tons, a year-on-year decrease of 6.1%. In ...Read more -
Indonesia suspends mine operations of more than 1,000 miners
According to foreign media reports, a document released by the Minerals and Coal Bureau under the Indonesian Ministry of Mines shows that Indonesia has suspended the operation of more than 1,000 miners’ mines (tin mines, etc.) due to the failure to submit a work plan for 2022. Sony Heru Prasetyo,...Read more -
Pakistan initiates the first anti-dumping sunset review investigation on China’s galvanized coils
On February 8, 2022, the National Tariff Commission of Pakistan issued the latest announcement of Case No. 37/2015, in response to the application submitted by Pakistani domestic producers International Steels Limited and Aisha Steel Mills Limited on December 15, 2021, for originating in Or the G...Read more -
India makes final ruling on anti-subsidy mid-term review on China-related welded stainless steel pipes
On February 9, 2022, the Ministry of Commerce and Industry of India issued an announcement stating that a final anti-subsidy mid-term review was made against Welded Stainless Steel Pipes and Tubes originating in or imported from China and Vietnam, ruling that the ASME-BPE standard was not accepta...Read more -
World Steel Association: Global crude steel production in 2021 will be 1.9505 billion tons, a year-on-year increase of 3.7%
Global crude steel production in December 2021 In December 2021, the crude steel output of the 64 countries included in the statistics of the World Steel Association was 158.7 million tons, a year-on-year decrease of 3.0%. The top ten countries in crude steel production In December 2021, China...Read more -
9Ni steel plate for Hyundai Steel’s LNG storage tank passed KOGAS certification
On December 31, 2021, the ultra-low temperature steel 9Ni steel plate for LNG (liquefied natural gas) storage tanks produced by Hyundai Steel passed the quality inspection certification of KOGAS (Korea Natural Gas Corporation). The thickness of the 9Ni steel plate is 6 mm to 45 mm, and the maximu...Read more -
9Ni steel plate for Hyundai Steel’s LNG storage tank passed KOGAS certification
On December 31, 2021, the ultra-low temperature steel 9Ni steel plate for LNG (liquefied natural gas) storage tanks produced by Hyundai Steel passed the quality inspection certification of KOGAS (Korea Natural Gas Corporation). The thickness of the 9Ni steel plate is 6 mm to 45 mm, and the maximu...Read more -
Rigid demand for coke picks up, spot market welcomes continuous rise
From January 4th to 7th, 2022, the overall performance of coal-related futures varieties is relatively strong. Among them, the weekly price of the main thermal coal ZC2205 contract increased by 6.29%, the coking coal J2205 contract increased by 8.7%, and the coking coal JM2205 contract increased ...Read more