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Shape Corp. roll forms martensitic steel bumper made with fossil-free ...
Thu, 08 Jun 2023 14:05:00 GMT
Shape Corp., a Grand Haven, Mich.-based global Tier 1 supplier, has manufactured a roll formed, production-intent martensitic steel bumper made with fossil-free steel from

China: Imported Iron Ore Prices To Go Down In June As Supply-Demand ...
Thu, 08 Jun 2023 00:00:00 GMT
In June, overseas mines will step up shipments whereas domestic pig iron output is likely to fall, which will exacerbate supply-demand imbalance. Market players should keep an eye on domestic policies, steel mills profits and changes in market expectations. It is expected that imported iron ore prices will go down in June. Source:

World Steel in Figures 2023 now available
Wed, 07 Jun 2023 09:03:23 GMT
The publication provides a comprehensive overview of steel industry activities, stretching from crude steel production to apparent steel

Iron ore scales 7-week peak on China property stimulus hopes
Wed, 07 Jun 2023 00:00:00 GMT
Iron ore futures rose on Tuesday to their highest levels in about seven weeks, as hopes grew for more property sector-focused stimulus measures in top steel producer China. Steel benchmarks and other steelmaking ingredients in China also advanced as real estate stocks listed in Hong Kong jumped nearly 8% on hopes that Beijing would soon roll out supportive measures to bolster the embattled property sector. The most-traded September iron ore on Chinas Dalian Commodity Exchange ended morning

Iron ore climbs on China demand hopes, stimulus chatter
Sat, 03 Jun 2023 00:00:00 GMT
Dalian iron ore rose on Friday to a six-week peak, while the steelmaking ingredients benchmark price in Singapore hit the highest in two weeks, extending a rally spurred by surprise growth in Chinas factory activity in May. Iron ore also headed for sharp weekly gains, as market commentators continued to speculate about top steel producer China rolling out additional stimulus to support an uneven and fragile post-COVID economic recovery. The most-traded September iron ore on Chinas Dalian

Bearish sentiment inhibits trading in Northern European rebar ...
Fri, 02 Jun 2023 00:00:00 GMT
Weak consumption and a wait-and-see attitude among buyers resulted in flat markets for steel rebar and wire rod in Northern Europe in the week ended Wednesday May 31. Production stoppages could create resistance to a further downtrend in rebar and wire rod prices, sources said. Fastmarkets weekly price assessment for steel reinforcing bar (rebar),

Polish steel rebar producers limit production, but prices keep ...
Mon, 29 May 2023 00:00:00 GMT
Steel rebar prices in Poland have declined again on low demand, and local steel mills have cut production with higher costs starting to have an effect, sources told Fastmarkets on Friday May 26. Official offers from two local producers at the beginning of the week were reported at 2,900 zloty ($690) per tonne CPT

Iron ore set for weekly fall on faltering China demand
Sat, 27 May 2023 00:00:00 GMT
Iron ore futures remained on track for weekly losses despite their rebound on Friday, pressured by darkening demand outlook in top steel producer China due to a seasonal slowdown in construction. The steelmaking ingredients benchmark June contract on Singapore Exchange SZZFM3 was up 4% at $99.55 a tonne by 0700 GMT. It dropped 1.8% to $94 earlier in the day, hitting its weakest since November, and has fallen more than 5% from last week. The most-traded September iron ore on Chinas Dalian

Around 40 MT new steel capacity to be commissioned by FY26: Assocham
Sat, 27 May 2023 00:00:00 GMT
Around 40 million tonne (MT) of new steel-making capacity will be commissioned by 2025-26, an industry executive said on Thursday. Vinod Nowal the Chairman of Assochams National Council on Iron and Steel made the remarks at India Steel Summit in the national capital. Domestic steel production capacity is expected to touch 300 MT and crude steel production is likely to reach 255 MT by FY31, he said. Nowal, who is also the chairman of JSW Bhushan Power and Steel Ltd, said, Fresh steel

Iron ore sinks deeper as China summer lull in steel demand looms
Fri, 26 May 2023 00:00:00 GMT
Dalian iron ore futures slid to the lowest in nearly six months on Thursday on expectations that Chinas demand for the steelmaking ingredient will remain sluggish during the typical summer lull in domestic construction activity. Iron ores benchmark price in Singapore, however, somewhat stabilized after a five-session selloff, suggesting near-term prices may have bottomed out. The most-traded September iron ore on Chinas Dalian Commodity Exchange ended daytime trading 2.2% lower at 681

Prices continue to slide across rebar, wire rod markets in Southern ...
Fri, 26 May 2023 00:00:00 GMT
Bearish sentiment continued to inhibit market activity in the long steel products across Southern Europe in the week to Wednesday May 24, sources told Fastmarkets.And producers will look to curtail further price drops by cutting production and withdrawing offers from the market, they added. RebarFew trades were reported in the Italian rebar market, with

Iron ore tumbles as worries over China demand grow
Thu, 25 May 2023 00:00:00 GMT
Benchmark Singapore and Dalian iron ore futures stretched losses on Wednesday, languishing below $100 a tonne, as steel prices slumped in China on economic recovery worries. A weaker yuan added to the gloomy mood, with Shanghai rebar futures hitting their lowest in more than six months. The steelmaking ingredients most-active June contract on the Singapore Exchange tumbled as much as 4.7% to $95.25 a tonne, its weakest since May 5. The most-traded September iron ore on Chinas Dalian

Number of steel production news reports: 12
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