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Driving evolution: Chinese exports and EVs shift automotives ...
Wed, 24 May 2023 00:00:00 GMT
Chinese car manufacturers appetite for growth in electric vehicles (EV) and a drive towards net carbon-neutral car production are set to reshape the automotive sectors demand for steel during 2023 and beyond. Chinas largest EV manufacturer, BYD, is among the brands launching product ranges in Europe during 2023. Great Wall Motors Ora brand, Geely Automotives Lynk & Co, Cherys Omoda and NIO are also among the markets new entrants. The United States Inflation Reduction Act has left

Indias JSW Steel posts contraction in fourth-quarter margin
Sat, 20 May 2023 00:00:00 GMT
JSW Steel Ltd on Friday said core profit margins contracted in the fourth quarter as expenses and weak steel prices weighed amid global headwinds. Margins on the earnings before interest, taxes, depreciation and amortisation (EBITDA) shrank to 16.9% in the quarter ended March 31, from 19.6% a year earlier. Consolidated net profit climbed more than 13% to 36.64 billion rupees ($448 million) from 32.34 billion rupees a year earlier. The year-ago quarter had an exceptional charge of 7.41

Policy, finances seen hampering South African steel decarbonisation
Fri, 19 May 2023 00:00:00 GMT
South Africas steel industry is taking bold and determined steps to fast-track decarbonisation, but financial and policy challenges are hampering progress, says the South African Iron and Steel Institute (SAISI). The EUs implementation of the Carbon Border Adjustment Mechanism (CBAM) is meanwhile expected to have a significan't impact on South African steel exports. Around

Cleveland-Cliffs CEO sees US steel industry as motivating factor ...
Wed, 17 May 2023 00:00:00 GMT
Cleveland-Cliffs CEO Loureno Gonalves expects massive amounts of hydrogen to be available by the end of this decade and the US steel industry can be a catalyst for its use in other industries, he said May 16. Hydrogen is the next frontier because it produces H2O, not CO2, Goncalves said during a press conference

Nucor Promotes Brad Ford to Executive Vice President
Fri, 12 May 2023 00:00:00 GMT
Fordbegan his career in 2001 as a Brokerage Representative atThe David J. Joseph Company(DJJ), whichNucoracquired in 2008, and later served as District Manager and International Trading

Tri-Fin - Your Complete Finishing Solutions Partner
Tue, 09 May 2023 10:25:00 GMT
Tri-Fin is a leading provider of finishing solutions in the Chicagoland area serving manufacturers in a broad spectrum of industries and the premier go-to source for powder coating, liquid paint and complete finishing services. Tri-Fin is the perfect solution partner for Metal Fabricators, Aluminum Die Casters and more. Contact us to learn

Tue, 09 May 2023 00:00:00 GMT
Steel, the largest supplier of steel plate in North America, announces that one of its employees, Sara Joslyn, received the AWMI Chicago Chapters 2022 Volunteer of the Year Award during the chapters annual industry dinner

Iron ore extends falls on renewed US bank crisis worries, weak ...
Sat, 06 May 2023 00:00:00 GMT
Singapore and Dalian iron ore futures extended declines on Friday, dragged down further by renewed fears of a banking crisis in the United States and lingering worries of diminishing demand amid reduced production by some Chinese steelmakers. Prices regained some lost ground but ended up with losses in afternoon trading after having refreshed five-month lows in the morning. Shares of U.S. regional banks resumed their slide this week after the collapse of First Republic Bank, the third

Ferrous scrap, metallics markets gear up for low-emissions steel ...
Fri, 05 May 2023 00:00:00 GMT
Ferrous scrap markets are eying an increasingly broader role in steel sector decarbonization as a move to expand electric arc furnace steelmaking in Europe, North America and Asia gathers pace with a stronger need for high purity scrap and direct-reduced iron. Recycled steel scrap grades and metallic iron products, along with new plant investments, may enable EAF and blast furnace steelmakers to produce higher quality steel grades while cutting carbon emissions. In the transition, mills

Global steel coil prices peak amid mixed market sentiment
Fri, 28 Apr 2023 00:00:00 GMT
The MEPS World average hot rolled coil price exceeded US$1000 per tonne, in April, for the first time since the middle of 2022. Price movements were mixed across the countries surveyed as negative pressure developed in several markets. Mills in the United States and Europe were able to secure further hikes, in the period since mid-March. Shortages in local supply and modest restocking supported the upward price trend. However, it is widely believed that transaction values in both regions

EMPLOYEE TRAINING: New Industry-Recognized Standards for Various ...
Wed, 26 Apr 2023 00:00:00 GMT
Cleveland-Cliffs Inc.announced that it has reached a tentative agreement with the International Association of Machinists and Aerospace Workers (IAM) Local 1943 on a new 4-year agreement for its Middletown Works steelmaking

Iron ore and steel price slide questions strength of China recovery
Thu, 13 Apr 2023 00:00:00 GMT
After a stellar start to the year there are signs that the key steel and iron ore sectors are losing momentum in China, raising concerns as to the strength of the rebound in the worlds second-largest economy. Prices across the steel complex have been retreating in recent sessions, while Chinas imports of iron ore appear to be moderating after a fast start to the year. China produces more than half of the worlds steel and buys about 70% of global seaborne iron ore, one of two key raw

Number of North American news reports: 12
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