News
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Dongkuk Steel vigorously develops color-coated sheet business
According to foreign media reports, South Korea’s third-largest steel manufacturer Dongkuk Steel (Dongkuk Steel) has released its “2030 Vision” plan. It is understood that the company plans to expand the annual production capacity of color-coated sheets to 1 million tons by 2030 (the ...Read more -
U.S. steel shipments in September increased by 21.3% year-on-year
On November 9, the American Iron and Steel Association announced that in September 2021, US steel shipments amounted to 8.085 million tons, a year-on-year increase of 21.3% and a month-on-month decrease of 3.8%. From January to September, US steel shipments were 70.739 million tons, a year-o...Read more -
The “coal burning urgency” is eased, and the string of energy structure adjustment cannot be loosened
With the continuous implementation of measures to increase coal production and supply, the release of coal production capacity across the country has been accelerated recently, the daily output of coal dispatching hit a record high, and the shutdown of coal-fired power units across the country ha...Read more -
Following the European Union, the United States and Japan initiated talks to resolve the steel and aluminum tariff dispute
After ending the steel and aluminum tariff dispute with the European Union, on Monday (November 15) US and Japanese officials agreed to start negotiations to resolve the US trade dispute over additional tariffs on steel and aluminum imported from Japan. Japanese officials said that the decision w...Read more -
Tata Europe and Ubermann join forces to expand supply of high-corrosion-resistant hot-rolled high-strength steel
Tata Europe announced that it will cooperate with German cold-rolled plate manufacturer Ubermann to carry out a series of research and development projects, and is committed to expanding Tata Europe’s high-strength hot-rolled plates for high corrosion resistance automotive suspensions. Capacity. ...Read more -
The weak pattern of iron ore is difficult to change
In early October, iron ore prices experienced a short-term rebound, mainly due to the expected improvement in demand margins and the stimulus of rising ocean freight prices. However, as steel mills strengthened their production restrictions and at the same time, ocean freight rates fell sharply. ...Read more -
Giant steel structure “escort” the world’s largest solar power plant
World Steel Association The city of Ouarzazate, known as the gateway to the Sahara Desert, is located in the Agadir district of southern Morocco. The annual amount of sunlight in this area is as high as 2635 kWh/m2, which has the largest annual amount of sunlight in the world. A few kilometers no...Read more -
Ferroalloy maintains downward trend
Since mid-October, due to the obvious relaxation of the industry’s power rationing and the continuous recovery of the supply side, the price of ferroalloy futures has continued to fall, with the lowest price of ferrosilicon falling to 9,930 yuan/ton, and the lowest price of silicomanganese ...Read more -
FMG 2021-2022 first quarter of fiscal year iron ore shipments drop by 8% month-on-month
On October 28, FMG released the production and sales report for the first quarter of the 2021-2022 fiscal year (July 1, 2021 to September 30, 2021). In the first quarter of fiscal year 2021-2022, FMG iron ore mining volume reached 60.8 million tons, a year-on-year increase of 4%, and a month-on-m...Read more -
Ferroalloy maintains downward trend
Since mid-October, due to the obvious relaxation of the industry’s power restrictions and the continued recovery of the supply side, the price of ferroalloy futures has continued to fall, with the lowest price of ferrosilicon falling to 9,930 yuan/ton, and the lowest price of silicomanganes...Read more -
Rio Tinto’s iron ore output in the third quarter fell 4% year-on-year
On October 15, the third batch of Toppi production performance report in 2021. According to the report, in the third batch of 201, Rio Tinto’s Pilbara mining area shipped 83.4 million tons of iron, an increase of 9% from the previous month and a 2% increase in the pair. Rio Tinto indicated in the...Read more -
India extends the counteraction of China’s hot-rolled and cold-rolled stainless steel plates to take effect
On September 30, 2021, the Taxation Bureau of the Ministry of Finance of India announced that the deadline for the suspension of countervailing duties on Chinese Hot Rolled and Cold Rolled Stainless Steel Flat Products (Certain Hot Rolled and Cold Rolled Stainless Steel Flat Products) will be cha...Read more -
The national carbon market trading rules will continue to be refined
On October 15th, at the 2021 Carbon Trading and ESG Investment Development Summit hosted by the China Financial Frontier Forum (CF China), the emergencies indicated that the carbon market should be actively used to achieve the goal of “double”, and continuous exploration, Improve the national car...Read more -
The negative growth trend of China’s steel demand will continue until next year
The World Steel Association stated that from 2020 to early 2021, China’s economy will continue its strong recovery. However, since June this year, China’s economic development has begun to slow down. Since July, the development of China’s steel industry has shown obvious signs o...Read more -
ArcelorMittal, the world’s largest steel mill, implements selective shutdown
On October 19th, due to high energy costs, ArcelorMita’s long products business, the world’s largest steel mill, is currently implementing some hourly systems in Europe to suspend production. At the end of the year, production may be further affected. The Italian Hehuihui furnace stee...Read more -
Shenzhou 13 lifts off! Wu Xichun: Iron Man is proud
For a long time, a number of excellent steel production enterprises in China have devoted themselves to the production of materials for aerospace use. For example, over the years, HBIS has assisted manned spaceflight, lunar exploration projects, and satellite launches. The “Aerospace Xenon&...Read more -
Soaring energy prices have caused some European steel companies to implement peak shifts and stop production
Recently, ArcelorMittal (hereinafter referred to as ArcelorMittal)’s steel branch in Europe is under pressure from energy costs. According to foreign media reports, when the electricity price reaches its peak in the day, Ami’s electric arc furnace plant producing long products in Euro...Read more -
IMF downgrades forecast for global economic growth in 2021
On October 12, the International Monetary Fund (IMF) released the latest issue of the World Economic Outlook Report (hereinafter referred to as the “Report”). The IMF pointed out in the “Report” that the economic growth rate for the whole year of 2021 is expected to be 5.9...Read more -
In the first half of 2021, global stainless steel crude steel production increased by about 24.9% year-on-year
Statistics released by the International Stainless Steel Forum (ISSF) on October 7 show that in the first half of 2021, global stainless steel crude steel production increased by approximately 24.9% year-on-year to 29.026 million tons. In terms of several regions, the output of all regions has in...Read more -
World Steel Association announced the finalists for the 12th “Steelie” Award
On September 27, the World Steel Association announced the list of finalists for the 12th “Steelie” Award. The “Steelie” award aims to commend member companies that have made outstanding contributions to the steel industry and have had an important impact on the steel indu...Read more -
Tata Steel becomes the world’s first steel company to sign the Maritime Cargo Charter
On September 27, Tata Steel officially announced that in order to reduce the company’s “Scope 3” emissions (value chain emissions) generated by the company’s ocean trade, it has successfully joined the Maritime Cargo Charter Association (SCC) on September 3 , Becoming the first steel company in t...Read more
