Industrial News
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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 -
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 -
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 -
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 -
The U.S. makes the fifth anti-dumping sunset review final ruling on carbon steel butt-welded pipe fittings
On September 17, 2021, the U.S. Department of Commerce issued an announcement stating that the fifth anti-dumping final review of carbon steel butt-welded pipe fittings (CarbonSteelButt-WeldPipeFittings) imported from China, Taiwan, Brazil, Japan and Thailand will be finalized. If the crime is ca...Read more -
Government and enterprises join hands to ensure coal supply and stable prices are at the right time
It is learned from the industry that relevant departments of the National Development and Reform Commission have recently convened a number of large coal and power companies to study the coal supply situation this winter and next spring and work related to ensuring supply and price stability. The...Read more -
South Africa makes a ruling on the safeguard measures for imported angle profile products and decides to terminate the investigation
On September 17, 2021, the South African International Trade Management Commission (on behalf of the Southern African Customs Union-SACU, the member states of South Africa, Botswana, Lesotho, Swaziland and Namibia) issued an announcement and made a final ruling on the safeguard measures for angle...Read more -
India’s largest iron ore producer cuts ore prices for 3 consecutive months
Affected by the international steel price survey, India’s largest iron ore producer-National Minerals Corporation of India (NMDC) produced iron mobile phone prices for three consecutive months. It is rumored that it has set its domestic ferroelectric price to NMDC 1,000 rupees/ton (approximately ...Read more -
Coal prices continue to rise, and downstream smelting companies are under pressure
Under the influence of production restriction policies and boosting demand, the coal futures “three brothers” coking coal, thermal coal, and coke futures all set new highs. “Big coal users” represented by coal power generation and smelting have high costs and cannot. Accor...Read more -
FMG achieves the best performance in history in fiscal year 2020~2021
FMG released its financial performance report for the fiscal year 2020-2021 (June 30, 2020-July 1, 2021). According to the report, FMG’s performance in the 2020-2021 fiscal year reached a record high, achieving sales of 181.1 million tons, a year-on-year increase of 2%; sales reached US$22.3 bill...Read more
