News
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Reducing the number of tailings | Vale innovatively produces sustainable sand products
Vale has produced about 250,000 tons of sustainable sand products, which are certified to replace sand that is often illegally mined. After 7 years of research and investment of about 50 million reais, Vale has developed a production process for high-quality sand products, which can be used in th...Read more -
The implementation plan for carbon peak in the iron and steel industry takes shape
Recently, the reporter of “Economic Information Daily” learned that China’s steel industry carbon peak implementation plan and carbon neutral technology roadmap have basically taken shape. On the whole, the plan highlights source reduction, strict process control, and strengthen...Read more -
ThyssenKrupp’s 2020-2021 fiscal fourth quarter net profit reaches 116 million euros
On November 18th, ThyssenKrupp (hereinafter referred to as Thyssen) announced that although the impact of the new crown pneumonia epidemic still exists, driven by the increase in steel prices, the company’s fourth quarter of fiscal year 2020-2021 (July 2021 ~ September 2021) Sales were 9.44...Read more -
Japan’s three major steel companies raise their net profit forecasts for the 2021-2022 fiscal year
Recently, as the market’s demand for steel continues to rise, Japan’s three major steel manufacturers have successively raised their net profit expectations for the 2021-2022 fiscal year (April 2021 to March 2022). Three Japanese steel giants, Nippon Steel, JFE Steel and Kobe Steel, have recently...Read more -
South Korea asks for negotiations with the U.S. on tariffs on steel trade
On November 22, South Korea’s Minister of Trade Lu Hanku called for negotiations with the US Department of Trade on steel trade tariffs at a press conference. “The United States and the European Union reached a new tariff agreement on steel import and export trade in October, and last week agreed...Read more -
World Steel Association: In October 2021, global crude steel production decreased by 10.6% year-on-year
In October 2021, the crude steel output of 64 countries and regions included in the World Steel Association statistics was 145.7 million tons, a decrease of 10.6% compared with October 2020. Crude steel production by region In October 2021, crude steel production in Africa was 1.4 million tons, ...Read more -
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