News
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Posco will invest in the construction of a lithium hydroxide plant in Argentina
On December 16, POSCO announced that it would invest US$830 million to build a lithium hydroxide plant in Argentina for the production of battery materials for electric vehicles. It is reported that the plant will start construction in the first half of 2022, and will be completed and put into pr...Read more -
South Korea and Australia sign a carbon neutral cooperation agreement
On December 14, South Korea’s Minister of Industry and Australia’s Minister of Industry, Energy and Carbon Emissions signed a cooperation agreement in Sydney. According to the agreement, in 2022, South Korea and Australia will cooperate in the development of hydrogen supply networks, carbon captu...Read more -
Severstal Steel’s outstanding performance in 2021
Recently, Severstal Steel held an online media conference to summarize and explain its main performance in 2021. In 2021, the number of export orders signed by the Severstal IZORA steel pipe plant increased by 11% year-on-year. Large-diameter submerged arc welded steel pipes are still the key ex...Read more -
The EU conducts a review of the safeguard measures for imported steel products
On December 17, 2021, the European Commission issued an announcement, deciding to initiate the European Union steel products (Steel Products) safeguard measures. On December 17, 2021, the European Commission issued an announcement, deciding to initiate the EU steel products (Steel Products) safeg...Read more -
The apparent consumption of crude steel per capita in the world in 2020 is 242 kg
According to data released by the World Iron and Steel Association, the world’s steel output in 2020 will be 1.878.7 billion tons, of which the oxygen converter steel output will be 1.378 billion tons, accounting for 73.4% of the world’s steel output. Among them, the proportion of con...Read more -
Nucor announces investment of 350 million U.S. dollars to build a rebar production line
On December 6, Nucor Steel officially announced that the company’s board of directors has approved an investment of US$350 million in the construction of a new rebar production line in Charlotte, North Carolina’s largest city in the southeastern United States, which will also become New York. Ke&...Read more -
Severstal will sell coal assets
On December 2, Severstal announced that it plans to sell coal assets to the Russian energy company (Russkaya Energiya). The transaction amount is expected to be 15 billion rubles (approximately US$203.5 million). The company said the transaction is expected to be completed in the first quarter of...Read more -
British Iron and Steel Institute pointed out that high electricity prices will hinder the low-carbon transformation of the steel industry
On December 7, the British Iron and Steel Association pointed out in a report that higher electricity prices than other European countries will have an adverse effect on the low-carbon transition of the British steel industry. Therefore, the association called on the British government to cut its...Read more -
Short-term iron ore should not catch up
Since November 19, in anticipation of the resumption of production, iron ore has ushered in a long-lost rise in the market. Although the production of molten iron in the past two weeks did not support the expected resumption of production, and iron ore has fallen, thanks to multiple factors, the ...Read more -
Vale has developed a process to convert tailings into high-quality ore
Recently, a reporter from China Metallurgical News learned from Vale that after 7 years of research and investment of about 50 million reais (approximately US$878,900), the company has successfully developed a high-quality ore production process that is conducive to sustainable development. Vale ...Read more -
Australia makes double-anti-final rulings on China-related color steel belts
On November 26, 2021, the Australian Anti-Dumping Commission issued Announcements 2021/136, 2021/137 and 2021/138, stating that the Minister for Industry, Energy and Emissions Reduction of Australia (Minister for Industry, Energy and Emissions Reduction of Australia) approved The Australian Anti-...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 -
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
