U.S. Steel CEO on the decision to acquire remaining stake in Big River Steel
08 Dec 2020
U.S. Steel announced today that it would acquire the remaining 50.1 percent stake in tech-focused Big River Steel. David Burritt, U.S. Steel CEO, discusses the decision to acquire the remaining stake now after acquiring 49.9% of the company in October 2019.
U.S. steel production is booming due to Trump's tariffs: Economist
23 Nov 2020
Coalition For A Prosperous America chief economist Jeff Ferry provides insight into the Trump administration's positive impact on the steel industry due to tariffs.
Making a Success of the EU Green Deal with a Green Deal on Steel
29 Oct 2020
EUROFER took part in this 24 hour marathon of panels and press conferences, on the topic of Making a success of the EU Green Deal with a Green Deal on Steel.
Europe has the unique opportunity to lead the transformation of its economy to a future in which it is CO2 neutral, environmentally responsible, circular and able to compete internationally, addressing third country trade distortions without inhibition. Steel is central to the EU economy, and it underpins the development of major manufacturing sectors right along the value chain.
Our industry sustains 2.6 million direct and indirect jobs in the EU. To make the EU's recovery plan and green transition a success, a Green Deal on Steel should be agreed between EU steel industry and the EU institutions and governments, with a clear action plan establishing a market for green steel in the period 2021 to 2030.
This plan can serve as a blueprint for other sectors, and help the industry out of the worst economic crisis in decades.
The steel industry in Iran
25 Oct 2020
Review of the iron ore sector in Iran, including insights into the Golgohar Mining & Industrial Company's iron ore deposits in Kerman province (which has 1.2 billion tonnes of iron ore reserves) and its downstream pellet plant and DRI production assets; and future company plans for expansion of steelmaking.
The Greens might cheer but Australia will suffer'
13 Oct 2020
Together with the Greens it now seems 'China would also like to end our coal exports' says Sky News host Andrew Bolt.
Cleveland-Cliffs CEO on the decision and timing of its ArcelorMittal deal
28 Sep 2020
Cleveland-Cliffs is set to buy the U.S. business of Arcelormittal, the world's largest steelmaker, for $1.4 billion. Cleveland-Cliffs CEO Lourenco Goncalves joins 'Closing Bell' to discuss the deal, why they decided on the arrangement during the pandemic and whether further consolidation is planned.
HYBRIT - Fossil free steel is happening
07 Sep 2020
Hydrogen steelmaking represents the biggest change in steel production technology in over 1000 years. Together with LKAB and SSAB, Vatenfall have created HYBRIT – an initiative to create fossil free steel using electricity and hydrogen. Electrification is key to combat climate change and the aim is to more or less eliminate CO2
emissions from the iron and steelmaking process.
Steel prices buoyant amid expectations of strong Chinese demand
07 Aug 2020
China's auto industry body says July sales are expected to rise 15% YoY. Even excavator sales, which would be an indication for infrastructure and construction activities, are expected to rise, lending buoyancy to steel prices.
Chinese rebar prices have jumped from $458/t in March to $538/t now. To cater to the expected increase in steel demand and to also take advantage of the high steel prices, steel mills in India are increasing production.
China Iron and Steel Association member mills increased steel output to a record high in late July also due to lockdown days which extended the construction season into late summer.
This increase in production has also led to higher iron ore prices which are now at $130/t on the Chinese exchanges.
Billion dollar business: Aussies striking it rich in iron ore
05 Aug 2020
There's no doubt it's boom time in the golden west but to most of us it seems so out of reach. All those staggering figures - millions of tonnes, billions of dollars. It's enough to make you dizzy. All very fine for BHP, but what's in it for ordinary families? How can they get their slice of the action? Well, for a start, there are jobs galore out west. And soon, there'll be thousands more. If you're lucky, a couple of year's work could set you up for life. But, be warned, it can be rough out there. Rough and very, very rewarding.
Why is China Producing So Much Steel?
01 Aug 2020
A discussion about China's production costs and sources of steelmaking competitive advantage; with deliberations on the use of this steel and infrastructure spending in particular.
Celsa Steel gets a corporate bailout
03 Jul 2020
The government has provided an emergency loan to a Cardiff-based steel producer in the first taxpayer-funded bailout under its 'Project Birch' scheme for firms struggling during the coronavirus crisis. Stepping in as the economic fallout intensifies, the government said it was lending to Celsa Steel UK to enable the firm to keep operating, and to secure more than 1,000 jobs at the company, including more than 800 positions at its main sites in South Wales.
The government did not disclose the size of the loan, although media reports have suggested the loan would be worth about £30m.
Smart steels for automotive: ArcelorMittal's S-in motion ® solutions
18 Jun 2020
Find out how ArcelorMittal is meeting the challenges of bringing battery electric vehicles (BEVs) to market.
China cannot survive without Australian iron ore
13 Jun 2020
As relations between China and Australia deteriorate in the aftermath of the virus pandemic (with Australia's insistence on further investigation into the origins of the epidemic; and China's response of food import tariffs) the position of Australia as a leading supplier of iron ore to China's developing steel industry takes on a new prominence.
World Steel Association - Availability of Global Scrap in Future
11 May 2020
A discussion with the World Steel Association's Dr. Ciftci on the current situation in the global scrap market amid the prevailing lockdown situation across the major markets. The discussion also considers global supply of ferrous scrap in the future.
Nucor CEO on state of the steel market: Prices will bottom in second quarter
29 Apr 2020
Nucor is optimistic that it will see prices bottom in Q2 and then improve as the firm enters the third and fourth quarters, according to new Nucor CEO Leon Topalia.
Has Coronavirus hit JSW Steel's business?
18 Mar 2020
Seshagiri Rao, Joint Managing Director of JSW Steel, talks about the impact of coronavirus on metals saying, 'After the outbreak of coronavirus, consumption slowed down and that is why inventories went up. Hence, we are witnessing a reduction in prices within China and that sentiment is reflected outside China also.
China's Jingye completes British Steel takeover
09 Mar 2020
China's Jingye group is promising what it calls a 'new chapter' in the UK steel industry as it completes its purchase of the troubled UK manufacturer British Steel. The takeover promises to safeguard more than three thousand jobs in the town of Scunthorpe in northern England, after British Steel collapsed into insolvency in May last year. Gareth Stace, Director General of the industry lobby group UK Steel, discusses his hopes for the deal and the future of steelmaking in Britains industrial north-east.
Bluescope Steel Won’t Have Any Earnings Out of China in Second Half: CEO
24 Feb 2020
Mark Vassella, Managing Director and Chief Executive Officer at Bluescope Steel, discusses the impact of coronavirus on the business, as well as demand from China and the outlook for China’s economy.
Allegheny County Health Dept and U.S. Steel Reach Agreement
10 Feb 2020
U.S. Steel will work with the communities affected by pollution from the Clairton Works plant and has established a community benefit trust.
Outokumpu 2019 results – CEO Roeland Baan comments
05 Feb 2020
Outokumpu 2019 results: Significant reduction of net debt to EUR 1,155 million. Group adjusted EBITDA at EUR 263 million. CEO Roeland Baan comments on the results: 'In this harsh market environment, we kept our focus on enhancing our operational efficiency and securing our competitiveness.
Our ongoing operational excellence efforts delivered a 4% productivity improvement in 2019. Furthermore, we were able to release almost EUR 220 million from net working capital, and most importantly we reduced our net debt to EUR 1,155 million.'
U.S. Steel announces $1.2 billion in investments at 2 Pittsburgh plants
29 Jan 2020
U.S. Steel announced $1.2 billion in investments at its Braddock and Clairton plants. The company will be diversifying its products with first-of-its-kind technology in the U.S.
That means what is made in the Mon Valley can make the Steel City competitive globally.
Will seaborne metallurgical coal prices rebound in 2020?
22 Jan 2020
The seaborne metallurgical coal and coke markets enter 2020 in the wake of a transformative year in 2019, which saw shifts in trade flow and positive Chinese import arbitrage economics keeping demand strong and prices low. What's in store for 2020?
Jeffery Lu, S&P Global Platts managing editor for Asian metallurgical coal markets, examines the factors that could affect seaborne prices this year.
ATI Says Company Will Close Soon Without Tariff Exemption
14 Jan 2020
Allegheny Technologies says the company may have to shut down because of President Trump's tariff policies. Now, they want an exemption.
Liberty Steel Group announces job losses
09 Jan 2020
Liberty Specialty Steels announce 282 job losses at Stockbridge, Rotherham and Brinsworth because of economic uncertainty.
Tata Sons go to Supreme Court Over Cyrus Mistry's Reappointment
02 Jan 2020
Tata Sons approached the Supreme Court today challenging the reinstatement of Cyrus Mistry as the Executive Chairman of the Group, in a verdict announced by law tribunal NCLAT last month.
Cyrus Mistry was restored as the executive chairman of Tata Sons, one of the country's oldest and largest conglomerates, on December 18 by the National Company Law Appellate Tribunal (NCLAT), three years after his dramatic sacking at a board meeting following which Ratan Tata took over as interim chairman.
Key challenges for Indian steel industry
02 Jan 2020
With the steel industry in India going through a tough time with profitability levels falling, here's Seshagiri Rao of JSW Steel discussing the factors behind the business slowdown.