Baosteel says it will fight Nippon Steels patent infringement ...Sat, 16 Oct 2021 00:00:00 GMT
Chinas Baoshan Iron & Steel Co Ltd (Baosteel) said on Thursday it did not agree with Japanese rival Nippon Steels claims that it infringed patents. Nippon Steel said on Thursday it had filed lawsuits against Baosteel and Toyota Motor Corp with a Tokyo district court. Baosteel said in a statement it had repeatedly approached Nippon Steel about the claim and was rebuffed, calling this regretful. The company said it had strictly followed regulations and would actively respond to the
Dalian iron ore extends losses on gloom over China demandFri, 15 Oct 2021 00:00:00 GMT
Benchmark Dalian iron ore fell for a second consecutive session on Thursday as the outlook for Chinese demand darkened, with Beijing turning more aggressive than expected in imposing steel output controls in the first quarter of 2022. The government, seeking to curb steel production to ensure clean air, has asked mills in more cities in northern China to cut output from Nov. 15 to March 15. That weighed on sentiment in a market already edgy on fears of a wider fallout in Chinas property
Worldsteel lifts demand forecast on developed economies recoveryFri, 15 Oct 2021 00:00:00 GMT
Worldsteel has revised up its forecast for global finished steel demand thanks mainly to developed economies outperforming earlier expectations by more than developing economies. Global steel demand will grow by 4.5% on-year in 2021 to 1.85 billion tonnes, after 0.1% growth in 2020, worldsteel says in its latest short-range outlook (SRO). Developed economies, like
Disruptions constrain automotive rebound, pent-up demand dissipating: ...Fri, 15 Oct 2021 00:00:00 GMT
The global automotive sector has rebounded strongly since the initial Covid-19 lockdowns last year but supply chain disruption is constraining further growth, worldsteel says in its latest short-range outlook (SRO). Those disruptions include not only semiconductor shortages, but also lack of containers, lack of shipping and lack of harbour capacities in some cases, worldsteel
Fortescue (FSUGY) Targets Net Zero Scope 3 Emissions by 2040Thu, 14 Oct 2021 15:15:03 GMT
Fortescue Metals Group (FSUGY) sets an industry leading target to achieve net zero Scope 3 emissions by 2040.
China orders more northern steel mills to cut winter outputThu, 14 Oct 2021 00:00:00 GMT
China has asked steel mills in more cities in northern China to cut production from Nov. 15 to March 15 next year, in order to clear the smog-blanketed sky in the region and to ensure the achievement of the countrys steel output reduction target. Steel mills should keep to their plans to cut production for the remainder of this year to ensure output is no more than last year, according to a statement jointly issued by Chinas industry ministry and environment ministry on Wednesday. Over the
Press Release - Steel DynamicsThu, 14 Oct 2021 00:00:00 GMT
Steel Dynamics To Acquire A 45% Minority Interest In New Process Steel
EU27 UK steel service center flats shipments up 18% in January-AugustThu, 14 Oct 2021 00:00:00 GMT
Shipments of flat steel products from EU27 UK service centers increased 18% year on year in the first eight months of 2021, service center and distributor association EUROMETAL reported Oct. 13 The Luxembourg-based regional steel distributors association said that in August of 2021 compared with August 2020 strip mill products shipments nudged up
EU distribution continues performing well in AugustThu, 14 Oct 2021 00:00:00 GMT
Shipments by European steel distributors continued to perform positively in August, according to the latest release by EUROMETAL. Flat steel service centre shipments increased 0.5% year-on-year in August. The recovery slowed down somewhat from the 3.4% y-o-y rise in July, but the overall January-August figure showed a rise of 18.3% y-o-y. Similarly, EU27+UK proximity
New employees join AIDA-AmericaWed, 13 Oct 2021 12:06:00 GMT
AIDA-America, a metal stamping press manufacturer in Dayton, Ohio, has hired several new employees.
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