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China increased steel production by 5.1% in April
Tue, 17 May 2022 10:00:00 GMT
At the same time, Chinese steelmakers reduced steel production by 10.3% in January-April

Dalian iron ore rebounds on supply woes, easing of China COVID ...
Tue, 17 May 2022 00:00:00 GMT
Chinese iron ore futures rose on Monday, supported by supply concerns and shrinking portside inventories of the steelmaking ingredient, while the easing of some COVID-19 curbs in the worlds top steel producer also lifted trader sentiment. The most-traded September iron ore contract on Chinas Dalian Commodity Exchange DCIOcv1ended daytime trade 3.9% higher at 834.50 yuan ($122.80) a tonne, after posting its biggest weekly loss in nearly three months on Friday. On the Singapore Exchange, the

China April crude steel output up on month as COVID curbs ease
Tue, 17 May 2022 00:00:00 GMT
Chinas crude steel output picked up in April, rising 5.1% from a month earlier as the impact of environmental restrictions and COVID-19 disruptions eased, but it was still well below year-ago levels. The worlds biggest steel producer made 92.78 million tonnes of the metal last month, data from the National Bureau of Statistics (NBS) showed on Monday, up from 88.3 million tonnes in March and down 5.2% from April 2021. Average daily output in April was 3.09 million tonnes, according to

Expected demand recovery likely to ease China's steel oversupply
Tue, 17 May 2022 00:00:00 GMT
Chinas oversupplied steel market could soon see some relief as the downtrend in demand is expected to bottom out in the near term, industry sources told S&P Global Commodity Insights May 16. Chinas daily pig iron output hit a record high in April at a time when the market faced tepid demand, keeping steel

Metinvest reduced steel production by 8% in Q1 2022
Mon, 16 May 2022 10:00:00 GMT
Pig iron production decreased by 15% to 1.83 million tons compared to the same period last yea

Structural fabricator expands range to process 80-ft.-long beams
Mon, 16 May 2022 07:00:00 GMT
Expanding fabrication capacity has been an earmark of Haas Metal Engineerings (HME Inc.) cycle of growth since its inception in 1996, so it was only natural for the Topeka, Kans-headquartered fabricator to add structural beam processing machinery for very long beams. HME selected a Peddinghaus BDL-1250/9D drill line, a DG-1250 band saw, and a single-torch coping

China: Steel industry on path to get stronger
Mon, 16 May 2022 00:00:00 GMT
Chinas steel industry is expected to run smoothly for the rest of the year with demand growth outpacing production growth, and steel demand to further increase thanks to policy support, according to authorities. The steel industry remained stable in China with consistent supply and steady prices during the first quarter of this year, despite the complicated conditions. The steel industry is expected to achieve better performance as the overall Chinese economy expands and policy measures

Zaporizhstal eyes Polish demand amid disrupted supply
Fri, 13 May 2022 00:00:00 GMT
Ukraines Zaporizhstal, a flat steel mill partially owned by Metinvest, has started the production of a new type of hot rolled coil for Polish customers. Clients from Poland have ordered HRC in coils each weighing at least 9 tonnes, according to Ukrainian media reports. Previously, two coils were welded together to fulfil such an

Hydrogen below $3/kg needed for breakeven green steel in Europe
Fri, 13 May 2022 00:00:00 GMT
Delivered hydrogen prices of below Eur3/kg ($3.10/kg) would be needed for breakeven green steel production in Europe in the current high energy price environment, industry group Hydrogen Europe said in a new report. The cost of producing renewable hydrogen via alkaline electrolysis in Europe was assessed at Eur10.70/kg ($11.18/kg) May 11 (Netherlands, including capex),

Ukraine: Ferrexpo suspends investment program
Wed, 11 May 2022 09:51:46 GMT
Ferrexpo has announced the suspension of capital investments in increasing output volumes by 25% for the duration of the war. When the situation improves, the projects will be resumed. In three years, pellets output is expected to grow by 3 million tons. Ore extraction will increase from 125 million tons in 2020 to 265

EU HRC holds stable in wait-and-see market
Wed, 11 May 2022 00:00:00 GMT
The EU hot-rolled coil market remained in a wait-and-see mode May 10 as buyers refrained from restocking and mills saw threats to production on the current price direction. HRC in Northern Europe held stable on the day, assessed at Eur1,170/mt ex-works Ruhr. HRC in Italy was down Eur25 at Eur1,125/mt ex-works Italy. In a

Tata prefers growing organically over acquisitions this decade
Tue, 10 May 2022 00:00:00 GMT
Tata Steel aims to expand the capacity through organic growth at its existing facilities to grow its steel production capacity to 40-50 million tonnes/year through 2030, from the existing 20m t/y, it says. It doesn't need to acquire new assets to reach its production goals, Kallanish notes. Most of our growth in the last

Number of steel production news reports: 12
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