Global Steel August Production Rises as China Hits Fresh HighMon, 28 Sep 2020 00:00:00 GMT
Crude steel production from China shot up 8.4% to an all-time high in August on firm domestic demand.
Global steel prices soar in September but for how longMon, 28 Sep 2020 00:00:00 GMT
Steel prices increased worldwide in September, but buyers are questioning how long the uptrend will last. The rising cost of raw materials, reduced supply and an improvement in demand are the main drivers for the recent advances in global steel prices. Shortages are beginning to develop in many countries, for a wide range of products. Mill output in the US and EU remains far below current capacity. However, many steelmakers are wary of ramping up their operations too quickly. They fear that
Iron-ore seen lower at $100/ ton in Q4 Morgan StanleySat, 26 Sep 2020 00:00:00 GMT
Analysts at Morgan Stanley offered a bearish outlook on iron-ore prices over the next 12 months, in its latest client note. Key quotes Shipments from Vale increasing and demand from China (steel output) easing. China demand eases during the countrys winter with slowing construction. Some support from China port inventory replenishment. Seen Iron-ore prices at 100$/ton in Q4 and dropping to $81 in 2021. The bearish iron-ore price forecasts s something to watch out for the aussie
SMS Group Ensures Maximum Availability of CSP Plant at EzdkWed, 23 Sep 2020 01:00:00 GMT
Alexandria Egypt based Al Ezz Dekheila Steel Company has concluded a full-service contact with SMS group for its Compact Strip Production Plant. The service contract covers the X-Pact electrical
Chinas iron ore futures drop on sluggish demandTue, 22 Sep 2020 15:32:00 GMT
Chinas top steelmaking city Tangshan had rolled out plans to curb sintering operations at some mills due to unfavourable weather conditions, state-run China Metallurgical News reported on
Indian government prepares policy to develop steel clustersTue, 22 Sep 2020 00:00:00 GMT
The Indian government has prepared a draft framework policy for the development of steel clusters in the country, Manufacturing Today reported. Work on the policy, however, started sometime in late 2019 but ran into a hurdle because of the COVID-19 pandemic. Does your company have a steel buying strategy based on current steel price trends Steel clusters to generate employment, increase value-added output The idea behind setting up such clusters is twofold. First, the government wants to
China daily steel output dips again in mid-SeptemberTue, 22 Sep 2020 00:00:00 GMT
Daily crude steel production among the 318 Chinese steel mills under Mysteels regular survey continued falling over the middle ten days of September, due to the lower-than-expected demand from end-users. The tonnage averaged 2.97 million tonnes/day over September 11-20, sliding by another 16,800 t/d or 0.6% from the prior ten days, according to Mysteels data. The 318 steel producers comprise 247 blast-furnace (BF) and 71 xxx producers across China.Some Chinese
Iron ore rebounds as China port stockpile growth slowsSat, 19 Sep 2020 00:00:00 GMT
Iron ore futures snapped three sessions of losses on Friday after industry data showed that the pace of increase in portside inventory of the steelmaking ingredient in China slowed this week, but benchmark contracts posted weekly losses. The most-traded January 2021 contract of iron ore on the Dalian Commodity Exchange closed 1.6% higher at 803 yuan ($118.90) a tonne. However, it fell 3.6% from last week, the sharpest weekly drop in nearly seven months. Iron ore on the Singapore Exchange
Vale plans iron-ore capacity jump to 400Mt/yFri, 18 Sep 2020 00:00:00 GMT
Brazilian iron-ore giant Vale has detailed plans to increase its production capacity to 400-million tons a year a substantial improvement on the capacity of its current operating assets. The miner currently has the capacity to produce 318-million tons a year. In 2018, before the Brumadinho dam disaster shrunk its output, Vale produced 385-million tons. In an investor and analyst site visit presentation, posted on Vales website, the major does not state by when it intends to create the
Steel industry witnesses demand revivalFri, 18 Sep 2020 00:00:00 GMT
A surge in demand from the auto and white goods sectors and moderate activity in government infrastructure projects are driving the recovery of large Indian private steel producers, with some even beating last years numbers. However, small steel producers had to cut production because of severe shortage of raw material and higher input costs. Indias largest steel producer, operated at 100% capacity for the first time in August since the nationwide lockdown, Tata Steels managing director
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