Latest world steel news and information.

Steelonthenet.com logo
Subscribe for full access

World Steel News

world steel industry news

Iron ore scales over 3-week high on China demand, supply risks
Sat, 12 Jun 2021 00:00:00 GMT
Iron ore futures jumped on Friday to their highest in more than three weeks, as a rebound in steel inventory in top producer China suggested that demand for the raw material remained brisk. The most-traded September iron ore on Chinas Dalian Commodity Exchange rose as much as 4.1% to 1,226 yuan ($191.96) a tonne, its loftiest since May 19, and was set for a second consecutive weekly rise. The July iron ore contract on the Singapore Exchange climbed 2.8% to $214 a tonne, rising for a fourth
https://www.hellenicshippingnews.com/iron-ore-scales-over-3-week-high-on-china-demand-supply-risks/


What's in the Offing for Commercial Metals' (CMC) Q3 Earnings
Fri, 11 Jun 2021 00:00:00 GMT
Commercial Metals' (CMC) Q3 results likely to reflect benefits from solid construction and infrastructure demand.
https://www.zacks.com/stock/news/1690503/whats-in-the-offing-for-commercial-metals-cmc-q3-earnings


Steel safeguards until June 2024
Fri, 11 Jun 2021 00:00:00 GMT
The Commission has notified the WTO of its intention to renew the steel safeguards for a period of 3 years until June 30, 2024 The notification is
https://eurometal.net/steel-safeguards-until-june-30-2024/


Global stainless production continues registering record levels
Fri, 11 Jun 2021 00:00:00 GMT
Global stainless crude steel output jumped by almost 25% year-on-year during the first quarter to 14.5 million tonnes, according to International Stainless Steel Forum (ISSF) data seen byKallanish. The jump was mainly supported by Chinese output, which recovered 36.9% y-o-y during the quarter to almost 8.2mt. In Europe the recovery stood at 5.3% y-o-y,
https://eurometal.net/global-stainless-production-continues-registering-record-levels/


Commercial Metals (CMC) Earnings Expected to Grow: What to Know ...
Thu, 10 Jun 2021 00:00:00 GMT
Commercial Metals (CMC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key
https://www.zacks.com/stock/news/1686664/commercial-metals-cmc-earnings-expected-to-grow-what-to-know-ahead-of-next-weeks-release


U.S. Steel (X) to Divest Transtar to Fortress for $640 Million
Thu, 10 Jun 2021 00:00:00 GMT
U.S. Steel (X) intends to use the proceeds of the sale to further strengthen its balance sheet, including deleveraging.
https://www.zacks.com/stock/news/1685516/us-steel-x-to-divest-transtar-to-fortress-for-640-million


US trade associations ask Biden to end steel, aluminum tariffs
Thu, 10 Jun 2021 00:00:00 GMT
A group of over 30 US trade associations sent a letter to President Joe Biden June 9, requesting an end to the Section 232 steel and aluminum tariffs and quotas on trade allies. The tariffs, intended to help the steel and aluminum producing industries, imposed substantial costs on a much broader segment of the US economy, the group said in the letter. The restriction on the supply of goods and raw materials resulting from the tariffs has sent a ripple throughout downstream industries,
https://www.hellenicshippingnews.com/us-trade-associations-ask-biden-to-end-steel-aluminum-tariffs/


Large steel mills grow larger on improved supply-chain efficiencies: ...
Thu, 10 Jun 2021 00:00:00 GMT
Large steel makers took huge strides in terms of both operations and financial performance last fiscal, increasing their market share by 500 basis points (bps) on-year to 58 per cent despite their share of industry capacity remaining unchanged, said a Crisil report today. The improvement was driven by supply-chain efficiencies, higher exports, and captive mines that limited the impact of iron ore shortage, said the report. Their capacity share is expected to increase this fiscal in FY22
https://www.hellenicshippingnews.com/large-steel-mills-grow-larger-on-improved-supply-chain-efficiencies-crisil/


MMK's Chairman of the Board of Directors held meeting with CEO ...
Thu, 10 Jun 2021 00:00:00 GMT
Victor Rashnikov, Chairman of the Board of Directors of MMK, met with Dmitry Strezhnev, CEO of United Machinery Group LLC in Moscow. The two sides discussed cooperation between the companies and plans for its further
http://eng.mmk.ru/press_center/80368/


MMK's Chairman of the Board Victor Rashnikov and KAMAZ CEO Sergey ...
Thu, 10 Jun 2021 00:00:00 GMT
Victor Rashnikov and Sergey Kogogin met in Moscow to discuss cooperation between the two companies, including supplies of MMKs innovative import-substituting rolled products to KAMAZ, as well as cooperation under the Localisation-Wave 2
http://eng.mmk.ru/press_center/80366/



Number of steel industry news articles: 10
Subscribers get access to full set of recent press releases (up to 20 global media releases).
Click here to subscribe.




five year steel price forecasts


Japan Metal Bulletin







capex database


trustpilot


target a steel audience


James King steel plant capacity data







latest steel news and media reports

SUBSCRIBE

Get access to the latest daily press releases, prices and business intelligence.
Our subscriptions start from just $120 / year.




Regional Industry Developments


Asia Pacific Announcements



Iron ore scales over 3-week high on China demand, supply risks
Sat, 12 Jun 2021 00:00:00 GMT
Iron ore futures jumped on Friday to their highest in more than three weeks, as a rebound in steel inventory in top producer China suggested that demand for the raw material remained brisk. The most-traded September iron ore on Chinas Dalian Commodity Exchange rose as much as 4.1% to 1,226 yuan ($191.96) a tonne, its loftiest since May 19, and was set for a second consecutive weekly rise. The July iron ore contract on the Singapore Exchange climbed 2.8% to $214 a tonne, rising for a fourth


China, Japan steel bodies meet, tie to clamp down on soaring ...
Thu, 10 Jun 2021 00:00:00 GMT
The exchanges between steel bodies from China and Japan signified that global soaring prices of the raw material could be restrained to some extent and a more reasonable pricing mechanism may be established to address strained supply chains, experts have said. The remarks followed Luo Tiejun, vice president of China Iron and Steel Association (CISA) meeting with the Nippon Steels China Chief Representative on Tuesday in Beijing. Nippon Steel is the worlds No.3 steelmaker. The two parties


POSCO Slips to 6th Place in Global Steel Production
Wed, 09 Jun 2021 00:00:00 GMT
POSCO fell to sixth place in the worlds crude steel production in 2020, down one notch compared with 2019. Chinese steelmakers moved up the rankings by sharply increasing crude steel production as they quickly overcame the COVID-19 crisis. POSCOs crude steel production amounted to 40.58 million tons in 2020, down 5.9 percent compared to 2019, according to Steel in Figures 2021 published by the World Steel Association (WSA) on June 7. Hyundai Steel saw its crude steel production fall 8.1




CIS Media Releases



MMK's Chairman of the Board of Directors held meeting with CEO ...
Thu, 10 Jun 2021 00:00:00 GMT
Victor Rashnikov, Chairman of the Board of Directors of MMK, met with Dmitry Strezhnev, CEO of United Machinery Group LLC in Moscow. The two sides discussed cooperation between the companies and plans for its further


MMK's Chairman of the Board Victor Rashnikov and KAMAZ CEO Sergey ...
Thu, 10 Jun 2021 00:00:00 GMT
Victor Rashnikov and Sergey Kogogin met in Moscow to discuss cooperation between the two companies, including supplies of MMKs innovative import-substituting rolled products to KAMAZ, as well as cooperation under the Localisation-Wave 2


Ukraine: US to prolong edged carbon plate duty
Wed, 09 Jun 2021 09:53:13 GMT
The United States International Trade Commission (USITC) intends to prolong for 5 years the antidumping duties on edged carbon steel rolled plate imports from Ukraine. The USITC has come to a conclusion that the cancellation of antidumping duties would result in a dumping of metal products on the American market and damage the local




South America Industry Headlines



Iron Ore Price Caves But Miners Remain Hugely Profitable, For ...
Tue, 25 May 2021 00:00:00 GMT
Chinese Government pressure on steel mills and commodity traders started to pay off earlier today when the iron price fell below $200 a ton for the first time in three weeks. But the fall to $197/t is unlikely to put more than a dent in the profits of the biggest iron ore miners which are producing the steel-making material at a cash cost of less than $20/t. Even after allowing for all costs companies such as BHP Group, Rio Tinto, Vale and Fortescue Metals, are still generating profits of


Brazilian steel industry has yet to adjust supply to demand
Thu, 13 May 2021 00:00:00 GMT
Monthly figures released by industry institute Ao Brasil show that domestic steel demand has been surpassing supply since mid-2020, substantiating buy-side complaints of difficult delivery processes during the second half of that year and 2021s first quarter. Distributors and end-users started to note the extended lead times in July 2020, following that years coronavirus pandemic peak in Brazil and then the resumption of economic activities. Brazil rolled steel domestic apparent


Vale reports record Q1 as iron ore, copper prices soar in tight ...
Thu, 29 Apr 2021 00:00:00 GMT
Brazilian miner Vale, one of the worlds largest iron ore producers and a major copper producer, reported record first quarter financial results late April 26 as prices for these commodities soared, partly due to supply-side issues. The company said it continues to stabilize output following dam disasters that resulted in lower iron ore production in recent years and the continuing impact of COVID-19 on its operations, now seen reducing copper output. In Q1, Vale reported a pro forma








ADVERTISING SECTION

Saint barbara mining and metals experts


Copyright © 2001 - 2021 Steelonthenet.com. All rights reserved.
Global steel news information and analysis - steelmaking business intelligence reports.