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Steel users beg Biden to nix 232 tariffs
Thu, 25 Feb 2021 00:00:00 GMT
As the White House stays mum so far on the status of the Section 232 tariffs originally put in place by President Donald Trump, a coalition of steel consumers is asking President Joe Biden to do away with them as quickly as possible. In a letter sent to the White House, the Coalition of


Steel demand at an all-time high in January
Wed, 24 Feb 2021 00:00:00 GMT
Indias domestic steel consumption rose 9% y-o-y (3% m-o-m) to 9.97 mt in January, the highest-ever monthly consumption. Declining exports and rising imports further indicated a strong rebound in domestic demand. Domestic crude steel production rose 7% y-o-y (2% m-o-m) to 9.98 mt in the month. Strong domestic demand and low finished steel inventory is expected to support domestic steel prices, Motilal Oswal has said. Source: Financial


NLMK Group launches mobile app for customers
Wed, 24 Feb 2021 00:00:00 GMT
NLMK Group, an international steel company, has launched the NLMK app for customers to complement its online shop at


Tokyo Steel to maintain product prices steady in March
Tue, 23 Feb 2021 00:00:00 GMT
Tokyo Steel Manufacturing Co Ltd will leave product prices unchanged in March to ensure a hike implemented in January would be absorbed by the market, Japans top electric-arc furnace steelmaker said. For March, prices of its main H-shaped beams will stay steady at 93,000 yen ($880) a tonne while hot rolled coils will remain unchanged at 79,000 yen ($748) a tonne. Steel markets abroad have rebounded after Chinas Lunar New Year holiday with solid demand in many countries, but orders of


China mills steel stocks jump 46% over holiday
Mon, 22 Feb 2021 00:00:00 GMT
Stocks of the five major finished steel products held by the 184 Chinese steel mills under Mysteels regular survey grew by a sharp 46.1% over February 4-17, according to Mysteels latest weekly survey. Inventories swelled because consumption among end-users stagnated during the Chinese New Year (CNY) holiday over February 11-17 while steelmakers continued to produce during the break. Total stocks of the five products comprising rebar, wire rod, hot-rolled coil, cold-rolled coil and medium


MACA flags Sino Iron project extension potential
Mon, 22 Feb 2021 00:00:00 GMT
MACA is set to secure a three year project extension at CITIC Pacific Minings Sino Iron operation at Cape Preston in Western


Iron ore retreats as China post-holiday steel inventories rise
Sat, 20 Feb 2021 00:00:00 GMT
Iron ore futures in Asia fell on Friday after a survey of post-Lunar New Year inventories of steel products in China showed a significant increase, dampening hopes for mills to ramp up output immediately following the week-long holiday. The steelmaking ingredients most-active May contract on Chinas Dalian Commodity Exchange dropped 0.3% to 1,117 yuan ($172.85) a tonne by 0700 GMT, declining for the first time in seven sessions. On the Singapore Exchange, the most-traded March iron ore


Flat steel shipments from EU fall 11% on year in 2020: EUROMETAL
Fri, 19 Feb 2021 00:00:00 GMT
Flat steel shipments from EU service centers fell 10.9% year on year and stockholders distribution of multi-product and proximity steel including long steel fell 8.5% on the year in 2020, EUROMETAL, the European Federation of Steel, Tubes and Metals Distribution & Trade said Feb. 18. In December 2020, strip mill product shipments


EU's 2020 distribution sales fall despite December rebound
Fri, 19 Feb 2021 00:00:00 GMT
December sales from European flat steel service centres and multi-products distributors increased significantly again compared with the same month in 2019. The recovery was nevertheless not enough to overturn the overall negative trend of last year, according to the latest data from distributors association EUROMETAL. Flat steel service centres saw shipments jump some 8.8%


EU steel still open for consolidation after ThyssenKrupp-Liberty ...
Fri, 19 Feb 2021 00:00:00 GMT
The European steel industry still has room for consolidation within its ranks, the former director general of European steel distribution association EUROMETAL said Feb 18, a day after ThyssenKrupp said it had pulled out of sales talks for its European steel unit with Liberty Steel. Whatever is the outcome of the ThyssenKrupp deal, the



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