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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
https://eurometal.net/steel-users-beg-biden-to-nix-232-tariffs/


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
https://www.hellenicshippingnews.com/steel-demand-at-an-all-time-high-in-january/


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
http://nlmk.com/en/media-center/news-groups/nlmk-group-launches-mobile-app-for-customers/


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
https://www.hellenicshippingnews.com/tokyo-steel-to-maintain-product-prices-steady-in-march/


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
https://www.hellenicshippingnews.com/china-mills-steel-stocks-jump-46-over-holiday/


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
https://www.australianmining.com.au/news/maca-flags-sino-iron-project-extension-potential/


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
https://www.hellenicshippingnews.com/iron-ore-retreats-as-china-post-holiday-steel-inventories-rise/


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
https://eurometal.net/flat-steel-shipments-from-eu-fall-11-on-year-in-2020-eurometal/


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%
https://eurometal.net/eus-2020-distribution-sales-fall-despite-december-rebound/


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
https://eurometal.net/eu-steel-still-open-for-consolidation-after-thyssenkrupp-liberty-deal-ends/



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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


Acquisition of Bhushan Power & Steel: JSW Steel poised to ...
Mon, 22 Feb 2021 00:00:00 GMT
A deal may be completed before the end of the current fiscal year, allowing JSW to take over the company while insulating it from any adverse Supreme Court judgement in cases related to BPSL, these people


Visakhapatnam steel plant: a roller-coaster ride
Wed, 17 Feb 2021 00:00:00 GMT
After seeing many highs and lows in its three decades of existence so far, Visakhapatnam Steel Plant is once again at a crossroads with the Centre proposing a 100% strategic sale. A look at what ails the only shore-based plant in the country hailed as the pride of the State and possible remedies The slogan for the agitation for the Visakhapatnam Steel Plant in 1960s and 70s, Visakha Ukku Andhrula Hakku epitomises the struggle and sacrifice by the people of then united Andhra Pradesh,




North America Media Releases



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


Rio Tinto, two others sign deal to explore low-carbon iron in ...
Thu, 18 Feb 2021 00:00:00 GMT
Rio Tinto has agreed to explore production of a low-carbon steel feedstock in Canada, the global miner said on Tuesday, as part of its strategy to reduce carbon emissions. The miner said it has signed a memorandum of understanding with Luxembourg-based engineering firm Paul Wurth S.A. and German steelmaker SHS-Stahl-Holding-Saar GmbH & Co. KGaA. The companies will explore the viability of transforming iron ore pellets into low-carbon hot briquetted iron (HBI), a low-carbon steel


Ataco Steel Products to add fiber laser
Wed, 17 Feb 2021 11:30:00 GMT
Ataco Steel Products, a sheet metal fabricator in Cedarburg, Wis., has announced it will take delivery of a TRUMPF TruLaser 5030 fiber laser system in March. The 12-kW, solid-state machine offers high processing speed and reproducible part quality, even on complex contours. The system can cut




Europe Steel News



Europes largest iron ore producer LKAB picks Konecranes for Service ...
Fri, 26 Feb 2021 00:00:00 GMT
Konecranes has won a multi-year Service contract with international mining and minerals group LKAB for the maintenance of some 1,600 assets across four sites in northern Sweden and the Arctic Circle. Konecranes won the deal thanks to its proven technology and ability to enhance customer safety and productivity, even under the most challenging of conditions. LKABs mines in northern Sweden are remote and subject to harsh winter weather, with temperatures frequently below -20C. Inside its


EU coil buyers lose patience with mills
Tue, 23 Feb 2021 00:00:00 GMT
Coil distributors and processors are becoming impatient about the prices being pushed by European mills, and yet more so about a material shortage which is not understood, they tellKallanish. In particular, buyers have little sympathy with the reasons given by mills for the supply shortage, considering since autumn most idled blast furnace have come


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








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