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Iron ore concentrate output up 4% in 5 months on year
Mon, 20 Sep 2021 00:00:00 GMT
Production of iron ore concentrate in Iran has risen four percent during 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. According to the data provided by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), ten large iron ore concentrate producers of the country have produced 21.195 million tons of the product in the five-month period of this year, while the figure was


Chinas steel output cuts continue to gather pace in September
Mon, 20 Sep 2021 00:00:00 GMT
Chinas steel output cuts have gathered pace in September and are expected to widen further in the coming weeks as the country looks to cap 2021 crude steel output and emphasizes on lowering energy usage, sources said. A few mill sources expected Chinas steel output cuts to widen further in late-September or October, mainly as the overall cuts by mid-September have remained insufficient to keep the countrys 2021 crude steel output within 2020 levels. During January-July, Chinas crude


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


Chinese steel ingredients fall as regulator extends environmental ...
Sat, 18 Sep 2021 00:00:00 GMT
Futures prices for Chinas steelmaking raw materials faltered on Friday, with the benchmark iron ore contract leading losses, as Beijing mulls to include more cities under its environmental controls. The Ministry of Ecology and Environment said in a draft guideline on Thursday that it planned to involve 64 regions under key monitoring during winter air pollution campaign. The regulator said steel mills in those regions would be urged to cut production based on their emission levels during


Shanghai stainless steel futures hit record high on supply crunch
Fri, 17 Sep 2021 00:00:00 GMT
Chinese stainless steel futures scaled their daily trading limit on Thursday to hit an all-time high, as market watchers were concerned by ongoing supply constraints of the metal while downstream demand remains resilient. Stainless steel inventories are relatively low supplies will continue to fall affected by production controls, but consumption is stable, analysts with Huatai Futures wrote in a note. Talks of output curtailment for nickel pig iron (NPI) also shored up prices, Huatai


Chinese Coal, Steel and Cement Firms to See Further Consolidation
Fri, 17 Sep 2021 00:00:00 GMT
Credit polarisation among Chinas coal, steel and cement firms is set to intensify amid peaking demand, ongoing consolidation and increasingly differentiated local-government support for state-owned enterprises, says Fitch Ratings. We expect Chinas policymakers to focus on eliminating uncompetitive capacity and financially unviable producers in the three industries. Meanwhile, we believe policymakers will encourage production capacity to move towards resource-rich areas with low operational


China Steel lifts prices 1.32% next month, in Q4
Fri, 17 Sep 2021 00:00:00 GMT
China Steel Corp yesterday said it would raise prices for domestic deliveries by 1.32 percent next month and for next quarter to reflect higher manufacturing costs and rising steel demand. Strong global economic recovery, a bullish prediction of Taiwans GDP growth of 5.4 to 6 percent, and large infrastructure projects in the US, China, Europe and India have set the tone for a strong steel market for the coming seasons, but there is still uncertainty due to the COVID-19 pandemic and


Engineering Angle: Measuring friction for stamping of zinc-coated ...
Thu, 16 Sep 2021 07:00:00 GMT
Researchers at Oakland University studied how the coefficient of friction between tool steel inserts and zinc-coated UHSS sheet is influenced by lubrication thickness, sliding speed, and contact


Explained: Why Guinea coup has rattled iron ore and bauxite markets
Thu, 16 Sep 2021 00:00:00 GMT
Last week, special forces soldiers called military junta, ousted Guineas (West Africas mineral-rich country) long-serving president Alpha Conde, immediately casting a shadow of uncertainty over key iron ore and bauxite supplies. The coup was carried out by an elite special forces unit, led by 41-year-old Col. Mamady Doumbouya. The soldiers dissolved the countrys government and closed land and air borders with immediate effect. We have dissolved government and institutions, Doumbouya


Chinas crude steel output slips for third month on production ...
Thu, 16 Sep 2021 00:00:00 GMT
Chinas crude steel production fell for a third straight month in August as Beijing maintained curbs on production to reduce carbon emissions, official data showed on Wednesday. The worlds largest steel producer churned out 83.24 million tonnes of the metal last month, down 4.1% from July and well down on output of 94.85 million tonnes in August 2020, data from the National Bureau of Statistics (NBS) showed. That was the lowest monthly output since March 2020, not accounting for January and



Number of steel industry news articles: 10
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