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Japan Oct-Dec crude steel output set to rise 9.6% y/y on industry ...
Mon, 11 Oct 2021 00:00:00 GMT
Japans crude steel output is forecast to rise 9.6% in the October-December quarter from a year earlier, helped by a recovery in manufacturing, the Ministry of Economy, Trade and Industry (METI) said. It would mark the third straight quarterly rise. The ministry estimated crude steel output at 24.11 million tonnes for three-month period, up from 21.99 million tonnes a year earlier, reflecting a pick-up in demand in areas such as auto manufacturing and industrial machinery. It expected steel

India mulls steel price hikes on costlier coal
Mon, 11 Oct 2021 00:00:00 GMT
Rising coal prices coupled with a shortage of coking coal and thermal coal are forcing Indian steel mills to consider a steel price hike for the next quarter. Indian steel giants like JSW Steel and Jindal Steel and Power (JSPL) anticipate a cost-driven price hike. Kallanishnotes from customs data that Indian coking coal imports

German steel pricing sentiment bearish, higher Q4 stocks seen
Mon, 11 Oct 2021 00:00:00 GMT
German steel producers, end-buyers, distributors and traders were found to be mostly bearish on pricing over October, according to a monthly survey of sentiment in the countrys steel sector conducted by S&P Global Platts for October. Most participants also agreed on expectations for higher inventories as lack of automotive demand, with a build-up of

Iron ore futures rise in thin post-holiday trade in China
Sat, 09 Oct 2021 00:00:00 GMT
Dalian iron ore rose to a one-month high in thin trade on Friday after a week-long holiday in China, with market participants upbeat about demand prospects for the raw material in the worlds top steel producer. Chinas electricity shortage has raised concerns energy-intensive electric arc furnaces that utilise iron scraps to produce steel could be hit, which means more steel output required from blast furnaces using iron ore. The most-traded January iron ore on Chinas Dalian Commodity

SSAB highlights fossil-free steel at Expo 2020 Dubai
Fri, 01 Oct 2021 00:00:00 GMT
SSAB will display its plan for fossil-free steelmaking at Expo 2020 in Dubai, as well as highlight the importance of fossil-free value chains as a solution to the climate crisis. A green transition is necessary to tackle climate change, it is also the best business plan, strengthens competitiveness and builds

Steel products output drops 10%
Fri, 01 Oct 2021 00:00:00 GMT
TEHRAN- Production of steel products in Iran fell 10.6 percent in the first five months of the current Iranian calendar year (March 21-August 22), as compared to the same period of time in the past year, the data released by Industry, Mining and Trade Ministry

Coking coal price hits record highs as Chinese steel-makers face ...
Mon, 27 Sep 2021 00:00:00 GMT
The price of metallurgical coal has risen to record levels as trade tensions and border problems push the cost for Chinese importers sky-high. Coal for coking purposes has soared despite declines in iron ore values attributed to Chinese steel-makers abiding by a government directive to avoid buying from Australia. The value has surged to $US410 a tonne in the past week, representing a more than tripling in price since early 2020. Coking coal is now overtaking iron ore as the largest input

Coking coal beats iron ore to top spot for most expensive steelmaking ...
Wed, 22 Sep 2021 00:00:00 GMT
Coking coal has surpassed iron ore to become the most expensive raw material input for steel makers, following a blistering rally in prices in the recent weeks, an analysis by S&P Global Platts showed. Global steel mills from East Asia to India, Europe and Brazil have been scrambling to procure metallurgical coal amid a historic rally caused by tight global supplies and disruption in trade flows due to the COVID-19 pandemic. A Platts calculation based on 1.6 mt of iron ore and 0.7 mt of

Are record-high steel prices set to plunge
Mon, 20 Sep 2021 07:00:00 GMT
With U.S. steel demand softening and imports increasing, steel buyers are expecting a steel price correction, write John Packard and Tim Triplett of Steel Market

Jindal Steel and Power bags Kasia mine at 118% premium
Mon, 20 Sep 2021 00:00:00 GMT
The mine isn't cheap but is commercially viable and value-accretive as this is the best iron ore mine in Odisha with high Fe and low alumina ore, said Kapil Mantri, executive vice president and head-strategy, JSPL. The mine has huge strategic importance for JSPL since after this we are over 50% secured for procurement of iron

Europe should temporarily suspend steel tariffs to help industry ...
Sun, 19 Sep 2021 00:00:00 GMT
Europe should temporarily suspend its tariffs on imported steel to head off shortages and avoid harmful effects on industry, Italian Industry Minister Giancarlo Giorgetti said on Friday. Asked if Rome planned to intervene in the 25% tariff scheme, Giorgetti said that Europe had prioritised the interests of the steelmakers during the health pandemic without realising this could have serious knock-on effects on supply. The situation is unsustainable this measure should be temporarily

China iron ore futures plunge to over 9-month low on falling ...
Thu, 16 Sep 2021 00:00:00 GMT
Iron ore futures in China hit a nine-month low on Wednesday as steel output in the top producer continued to slide, compounding concerns around demand for the raw material. Chinas monthly crude steel production slipped for the third straight month to 83.24 million tonnes in August, data from the National Bureau of Statistics showed, sending average daily output to the lowest since March 2020. The most-traded iron ore futures on the Dalian Commodity Exchange, for January delivery, fell as

Number of steel trade news reports: 12
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