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Crisis looms in Britain, steel makers warn
Wed, 13 Oct 2021 00:00:00 GMT
The British steel industrys lobby group warned on Monday of an impending crisis due to soaring wholesale energy prices which could force plants into expensive shutdowns, stoke emissions and sow chaos through supply chains. A shortage of natural gas in Europe had sent prices for electricity and gas soaring, triggering sharp rises in the prices paid by people heating their homes or for major heavy industrial plants smelting steel. These extraordinary electricity prices are leading to smaller

Ukraine: YASNO modernizes lighting system at DKHZ
Tue, 12 Oct 2021 09:54:21 GMT
The YASNO Company has financed and carried out the third stage of lighting system modernization at Dneprovsky By-Product Coke Plant. The first stage saw the replacement of lighting system at some shops, as well as street lighting. During the second stage a part of the converter shop was modernized. Finally, at the third stage

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

Demand for steel, aluminum firm as scrap starts to find support
Mon, 11 Oct 2021 00:00:00 GMT
Primary aluminum and flat-rolled steel prices were supported during the week ended Oct. 8, as input costs started to strengthen. US hot-rolled coil and aluminum Midwest transaction prices held just below record highs, mill margins have lost some steam but also remain near records, as challenging logistics have supported finished prices. Demand for these products and secondary alloys remain solid, even as automakers semiconductor chip shortages and lack of staff at plants challenge

India mulls steel price hikes on costlier coal
Mon, 11 Oct 2021 00:00:00 GMT
Rising coal prices coupled with a shortage of coking coal and thermal coal are forcing Indian steel mills to consider a steel price hike for the next quarter. Indian steel giants like JSW Steel and Jindal Steel and Power (JSPL) anticipate a cost-driven price hike. Kallanishnotes from customs data that Indian coking coal imports

Sanjeev Gupta's coal mine expansion wins federal government tick
Thu, 07 Oct 2021 19:00:00 GMT
Sanjeev Gupta's GFG Alliance has won approval from the federal government for an expansion of the Tahmoor coal mine in NSW at a time when coal prices are soaring and it is still trying to finalise a refinancing of the mine and its stablemate, the Whyalla

Ukraine: coking coal provision down in September 2021
Thu, 07 Oct 2021 09:47:02 GMT
Because of the growing prices of coking coal, provision of by-product coke plants decreased by 15% in September. This resulted in the drop in the production of steel and pig iron leading to the increase of steel prime cost. In January-August, by-product coke plants received 8.63 million tons of coking coal, down by 1.1%

Nucor Fastener to expand
Wed, 06 Oct 2021 00:00:00 GMT
Nucor Corp. announced that it is expanding its Nucor Fastener division with the acquisition of an existing state-of-the-art coil processing facility in Shelbyville,

Press Release - Steel Dynamics
Mon, 04 Oct 2021 00:00:00 GMT
Steel Dynamics Announces Third Quarter 2021 Earnings Conference Call And Webcast

Spanish distributors express positive outlook, but electricity ...
Thu, 30 Sep 2021 00:00:00 GMT
Spanish steel distributor representatives have expressed optimism about the long-term growth prospects of the steel sector, in light of the expected post-pandemic economic recovery and construction and infrastructure sector demand growth. Meanwhile, the uncertainty in the automotive sector due to the shortage of components, as well as high prices of inputs and electricity is

Cold heading steel market stabilises in Europe
Mon, 27 Sep 2021 00:00:00 GMT
Extended mill delivery lead times continue to support European cold heading quality (CHQ) rod prices. This is despite a recent reduction in raw material expenditure, notably for iron ore and ferrous scrap. MEPS understands that most transactions, for 20MnB4 grade material, are taking place at 950/1000 per tonne unchanged from the figures registered in August. Supply in most European countries is tight. Many customers report that they remain on allocated volumes. Away from contractual

Investment bank analysts and representatives get to know MMK's ...
Mon, 27 Sep 2021 00:00:00 GMT
Last week, a group of analysts from investment banks and funds visited Magnitogorsk Iron and Steel Works (MMK). They met with MMK management and got to know the Companys production

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