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Baosteel says it will fight Nippon Steels patent infringement ...
Sat, 16 Oct 2021 00:00:00 GMT
Chinas Baoshan Iron & Steel Co Ltd (Baosteel) said on Thursday it did not agree with Japanese rival Nippon Steels claims that it infringed patents. Nippon Steel said on Thursday it had filed lawsuits against Baosteel and Toyota Motor Corp with a Tokyo district court. Baosteel said in a statement it had repeatedly approached Nippon Steel about the claim and was rebuffed, calling this regretful. The company said it had strictly followed regulations and would actively respond to the

Dalian iron ore extends losses on gloom over China demand
Fri, 15 Oct 2021 00:00:00 GMT
Benchmark Dalian iron ore fell for a second consecutive session on Thursday as the outlook for Chinese demand darkened, with Beijing turning more aggressive than expected in imposing steel output controls in the first quarter of 2022. The government, seeking to curb steel production to ensure clean air, has asked mills in more cities in northern China to cut output from Nov. 15 to March 15. That weighed on sentiment in a market already edgy on fears of a wider fallout in Chinas property

China orders more northern steel mills to cut winter output
Thu, 14 Oct 2021 00:00:00 GMT
China has asked steel mills in more cities in northern China to cut production from Nov. 15 to March 15 next year, in order to clear the smog-blanketed sky in the region and to ensure the achievement of the countrys steel output reduction target. Steel mills should keep to their plans to cut production for the remainder of this year to ensure output is no more than last year, according to a statement jointly issued by Chinas industry ministry and environment ministry on Wednesday. Over the

Iron ore retreats on China steel output curbs, demand pessimism
Wed, 13 Oct 2021 00:00:00 GMT
Iron ore futures fell on Tuesday, with the Singapore benchmark retreating more than 7% after a four-day rally and Dalian contracts erasing early gains, as investor focus shifted back to steel production controls in China. The steelmaking raw materials most-active November contract on the Singapore Exchange SZZFX1 plunged as much as 7.4% to $125.40 a tonne. On Chinas Dalian Commodity Exchange, the most-traded January contract DCIOcv1 ended daytime trading 0.2% lower at 769.50 yuan ($119.26)

Nippon Steel & Sumitomo Metal Corporation - Press Release
Mon, 11 Oct 2021 16:28:06 GMT
Nippon Steel Receives 2021 Award for Excellence in Corporate Disclosure ...

Japan Oct-Dec crude steel output set to rise 9.6% y/y on industry ...
Mon, 11 Oct 2021 00:00:00 GMT
Japans crude steel output is forecast to rise 9.6% in the October-December quarter from a year earlier, helped by a recovery in manufacturing, the Ministry of Economy, Trade and Industry (METI) said. It would mark the third straight quarterly rise. The ministry estimated crude steel output at 24.11 million tonnes for three-month period, up from 21.99 million tonnes a year earlier, reflecting a pick-up in demand in areas such as auto manufacturing and industrial machinery. It expected steel

Iron ore prices remain under pressure from Chinese demand shock
Mon, 11 Oct 2021 00:00:00 GMT
Asian iron ore prices are set to continue to face downward pressure from Chinese steel output curbs and power shortages in the fourth quarter after a dramatic price correction in Q3. The iron ore index IODEX fell 46% in Q3 as widespread steel output curbs in China forced mills to resell contracted iron ore volumes, flipping the market into oversupply. However, different types of ore fared differently in the falling market, not only due to their own supply-demand dynamics but also external

Iron ore futures rise in thin post-holiday trade in China
Sat, 09 Oct 2021 00:00:00 GMT
Dalian iron ore rose to a one-month high in thin trade on Friday after a week-long holiday in China, with market participants upbeat about demand prospects for the raw material in the worlds top steel producer. Chinas electricity shortage has raised concerns energy-intensive electric arc furnaces that utilise iron scraps to produce steel could be hit, which means more steel output required from blast furnaces using iron ore. The most-traded January iron ore on Chinas Dalian Commodity

Global steel output falls in August, first time in a year
Mon, 27 Sep 2021 00:00:00 GMT
Global steel production slipped by 1.4% year-on-year in August, the first decline in more than a year, and is likely to decline further in the coming months as officials in top producer China seek to curb pollution. Crude steel output fell to 156.8 million tonnes in August, World Steel Association data showed on Thursday, the first decline since July 2020. Output in China tumbled by 13.2% to 83.2 million tonnes, the data showed. Given that the authorities in China are proactively

Coking coal price hits record highs as Chinese steel-makers face ...
Mon, 27 Sep 2021 00:00:00 GMT
The price of metallurgical coal has risen to record levels as trade tensions and border problems push the cost for Chinese importers sky-high. Coal for coking purposes has soared despite declines in iron ore values attributed to Chinese steel-makers abiding by a government directive to avoid buying from Australia. The value has surged to $US410 a tonne in the past week, representing a more than tripling in price since early 2020. Coking coal is now overtaking iron ore as the largest input

Whats hurting iron ore prices and whats in it for Indian steelmakers
Wed, 22 Sep 2021 00:00:00 GMT
Iron ore prices extended losses after last weeks plunge to a 14-month low as Chinas restrictions on industrial activity in some regions hurt demand for the commodity. Nonetheless, iron ore has lost about 60 percent of its value in a broader retreat from a peak of $230 in May. Going forward, analysts see more pain with the base metals to continue to trade with a negative bias in the coming days. On Monday, iron ore futures in Singapore slid below the $100 per tonne mark once again before

Iron ore makes unruly retreat to more normal price levels
Tue, 21 Sep 2021 00:00:00 GMT
Just as iron ores surge to a record high in May was an overblown rally, its plunge last week was a disorderly retreat, with neither move fully justified by the fundamentals of supply and demand. The price of spot iron ore for delivery to north China MTIOQIN62=ARG, as assessed by commodity price reporting agency Argus, slumped 22.2% from the previous week to end at $100.45 a tonne on Sept. 17. The steel-making ingredient has now fallen 57.4% from the record high of $235.55 a tonne, reached

Number of Asia Pacific steel news reports: 12
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