Steel

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The annual production capacity of Iranian steel sections producers has reached 47 million tons, while the figure was expected to reach 45 million tons by the current Iranian calendar year 1399 (started on March 20), IRNA reported.
News ID: 9410    Publish Date : 2020/05/05

Rio Tinto shareholders in Australia voted on Thursday against forcing the miner to set targets for the emissions of its steel-making customers, but the issue is unlikely to go away as more than a third supported the motion.
News ID: 9402    Publish Date : 2020/05/08

China's steel exports in April fell by 2.6pc to 6.31mn t from March, as Chinese mills shifted supply to domestic markets to meet recovering demand.
News ID: 9381    Publish Date : 2020/05/08

Tehran has imposed new limits on exports of Iranian steel, requiring exporters to secure export permission from the ministry of industry,
News ID: 9372    Publish Date : 2020/05/07

US automaker General Motors (GM) plans to reopen the majority of its North American facilities beginning on 18 May after shuttering the plants in response to the spread of Covid-19.
News ID: 9340    Publish Date : 2020/05/06

The Egyptian government is expected to approve an additional 10pc duty on steel imports, which could have ramifications for the CIS, Turkey and Europe.
News ID: 9304    Publish Date : 2020/05/04

Russia's construction output is likely to drop on the back of the Covid-19 outbreak, as is the case with many other countries.
News ID: 9300    Publish Date : 2020/05/04

China's construction and manufacturing sectors have recovered fast enough from the impact of the Covid-19 outbreak to work down its record steel inventories to more typical levels, providing one of the few supports to global steel markets.
News ID: 9275    Publish Date : 2020/04/30

Indian steel exports in March fell by 3.2pc from a year earlier to 573,000t following its nationwide lockdown to stop the spread of Covid-19.
News ID: 9262    Publish Date : 2020/04/29

Vietnam-based Formosa Ha Tinh Steel abandoned its monthly price list for June steel shipments last week after an 18pc drop in spot markets and will instead negotiate on a case by case basis. Market participants see this as a possible first step toward indexation.
News ID: 9252    Publish Date : 2020/04/28

Closures by US integrated steelmakers hammered by Covid-19-related customer shutdowns should help domestic scrap-based minimills grab more market share.
News ID: 9225    Publish Date : 2020/04/24

A recent surge in Chinese spot purchases of semi-finished and finished steel products may start to wane soon as a rebound in seaborne prices has narrowed margins for imports.
News ID: 9174    Publish Date : 2020/04/16

Indian steel importers cannot use force majeure declarations stemming from the Covid-19 outbreak to block letters of credit with South Korean suppliers, the Mumbai High Court said.
News ID: 9118    Publish Date : 2020/04/13

Japanese ferrous scrap imports have surged this year in response to weaker domestic steel demand, and exporters are actively looking for more overseas markets to take a surplus of domestic scrap supply.
News ID: 9087    Publish Date : 2020/04/09

Turmec has reportedly designed, supplied, and installed an advanced MRF plant in Wiltshire to treat kerbside collected comingled recyclable materials picked from around 220,000 households across the region. The plant will have the capacity to process 20 tonnes per hour of dry mixed recyclables, ensuring a high-quality separation of recycled materials is achieved.
News ID: 9035    Publish Date : 2020/04/02

Steel Authority of India Limited (SAIL) conducted an auction from its central India based Bhilai Steel Plant (BSP) for defective steel products on 20 Feb’20. The auction fetched better response in terms of allotted quantity against the last auction conducted on 12 Feb’20. Bids remained similar to previous auction.
News ID: 9001    Publish Date : 2020/02/21

China's steel sector purchasing managers index (PMI) rose in March, as steel demand resumed with more production restarts with the country's coronavirus outbreak deemed to be under control.
News ID: 8989    Publish Date : 2020/03/31

Otto Junker GmbH design and make metallurgical furnace equipment and thermo-processing systems. They also operate a steel foundry, producing castings for specialist high-technology engineering applications, such as power generation, environmental engineering and marine environments. The company make castings from steel, stainless steel, nickel, cobalt and copper-based materials, and develop innovative grades of exotic alloys for new applications.
News ID: 8977    Publish Date : 2020/03/30

According to the latest customs data released, the nation’s finished steel exports reported declined by 27% in the first two months of CY20 to 7.8 MnT as compared to 10.698 MnT in Jan- Feb’19.
News ID: 8881    Publish Date : 2020/03/07

Steel Authority of India Ltd (SAIL) conducted auction for around 1,800 MT steel grade pig iron today from its Rourkela steel plant (RSP). The auction witnessed active participation over reduction in base price by INR 700/MT (USD 10).
News ID: 8879    Publish Date : 2020/03/07

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