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Steel Production News

Iron ore marks quarterly losses on China COVID, property woes
Sat, 01 Oct 2022 00:00:00 GMT
Dalian and Singapore iron ore marked their second quarterly losses, despite some gains on Friday, as worries over a stringent zero-COVID policy and property sector jitters in top steel producer China continued to dominate markets. However, hopes of sustained policy support for the ailing Chinese economy and increased construction-related demand for steel lent some support to the steelmaking ingredient. The most-traded January iron ore on Chinas Dalian Commodity Exchange closed 0.1% higher

S. Korea: Shutdowns and strikes spell trouble for steel supplies
Fri, 30 Sep 2022 00:00:00 GMT
Supply disruptions loom in Koreas steel industry as the countrys two largest steelmakers are struggling to fully operate their plants. Posco is still in the process of restoring its Pohang plant that was flooded by Typhoon Hinnamnor earlier this month, while labor unions at Hyundai Steel have been going on a series of strikes after negotiations failed. The two companies dominate over 80 percent of Koreas crude steel production. The price of hot-rolled steel stood at 1.1 million won ($773)

Ukraine: metal plants capacity at 15% of pre-war level
Thu, 29 Sep 2022 08:54:25 GMT
At present only 6 metal enterprises situated on the non-occupied territories operate in Ukraine. Their average capacity is 15% of the pre-war level. Mining enterprises are better off, as their capacity is around 25%. At the same time, operation at Ingulets GOK, UGOK and AMKR mining and processing works has been suspended. The situation

Danieli forecasts another good year on green steel plants and ...
Thu, 29 Sep 2022 00:00:00 GMT
Italian engineering company and steel producer Danieli has published a bullish outlook for the upcoming financial year, expecting a significan't order book as its customers invest in new green steel plants and more efficient and sustainable steel production. This will continue to sustain voumes and margins within Danielis Plantmaking segment, the company said in

Celsa creditors present restructuring plan to court
Thu, 29 Sep 2022 00:00:00 GMT
Creditors of Spanish electric arc furnace-based steelmaking group Celsa submitted a restructuring plan to a court in Barcelona on Monday,Kallanishlearns. According to a statement issued by the creditors, the restructuring plan aims to provide a comprehensive solution to Celsas financial situation, reducing its indebtedness by 1.29 billion $1.24 billion through the capitalisation of the

Nippon Steel & Sumitomo Metal Corporation - Press Release
Wed, 28 Sep 2022 13:00:00 GMT
Strengthening the Steelmaking Business Base in AM/NS India Decision ...

Iron ore rises as Chinese steel mills resume ramping up output
Wed, 28 Sep 2022 00:00:00 GMT
Iron ore futures rose on Tuesday, with Singapore prices rebounding after two straight sessions of losses, as top steel producer China resumed ramping up output to cash in on increased construction activity during the September-October peak season. Benchmark October iron ore on the Singapore Exchange climbed 1.5% to a session high of $97.05 a tonne, while the September contract rose 0.2% to $98.60. On Chinas Dalian Commodity Exchange, the most-active January iron ore contract DCIOcv1 ended

French rebar market drags on gloomy sentiment
Mon, 26 Sep 2022 00:00:00 GMT
French rebar activity remains relatively weak, with slow demand from larger and smaller buyers. They continue to purchase small tonnages but at stable prices, sources tellKallanish. Domestic production is patchy with steelmakers alternating between stoppages and restarts each week. Production plans are changing according to daily supply of gas and electricity. Sentiment however is

EU coil supply-demand balance remains elusive amid stoppages
Mon, 26 Sep 2022 00:00:00 GMT
Numerous European coil mills have reduced their output, idling blast furnaces here and rolling mills there, but a resulting market supply shortage that would lift prices is yet to be felt. Inventories at stockholders and consumers are still very full, according to sources in various countries. Mills have taken the necessary measures, but the

Uzbekistan: copper pipes plant to be privatized
Fri, 23 Sep 2022 09:33:20 GMT
The Agency on the Management of State Assets of the Republic of Uzbekistan has announced the launch of the auction to privatize the 100% state share in Angren Pipe Plant LLC. The company produces copper pipes of various diameters. Its design capacity is 8 thousand tons per year. 90% of pipes are exported. In

August 2022 crude steel production
Thu, 22 Sep 2022 06:04:13 GMT
World crude steel production for the 64 countries reporting to the World Steel Association (World Steel Association) was 150.6 million tonnes (Mt) in

Iron ore futures dip on caution ahead of Fed rate action
Thu, 22 Sep 2022 00:00:00 GMT
Ferrous futures in top steel producer and exporter China fell on Wednesday, with iron ore hitting a two-week low, as caution prevailed ahead of a widely expected interest rate hike from the U.S. Federal Reserve. The most-traded January iron ore on Chinas Dalian Commodity Exchange ended daytime trade 0.9% lower at 703.50 yuan ($99.79) a tonne, after reaching its weakest since Sept. 8 at 686.50 yuan earlier in the session. On the Singapore Exchange, the steelmaking ingredients benchmark

Number of steel production news reports: 12
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