Chinese demand for seaborne basic pig iron (BPI) increased sharply in the first quarter, continuing a trend from late 2019 of supporting the market when primary buyer US is on the sidelines.
News ID: 9649 Publish Date : 2020/05/31
Vietnam’s leading steel producer Hoa Phat Group plans to produce 800,000 MT billets and 500,000 MT HRC this year and expects HRC products to be supplied to the market by Sep’20.
News ID: 9608 Publish Date : 2020/05/19
Iran has planned to increase its annual steel production by 20 percent to 33 million tons in the current Iranian calendar year (ends on March 20, 2021).
News ID: 9595 Publish Date : 2020/05/28
Steel section statistical figures show 2.321,000 tons of production during the first month of the current Iranian calendar year (started on March 20), a 2% growth compared with last year’s same period.
News ID: 9544 Publish Date : 2020/05/19
Production of steel products in Iran reached 1.534 million tons in the first Iranian calendar month Farvardin (March 20-April 19), IRNA reported citing the data released by the country’s steel producers.
News ID: 9534 Publish Date : 2020/05/19
Iran’s acting minister of industry, mining and trade says a committee meeting will be held this week for discussing issues related to the country’s steel market, Tasnim news agency reported on Saturday.
News ID: 9519 Publish Date : 2020/05/17
Iran has decided to produce 33 million tons of steel in the current Iranian calendar year (started March 20, 2020), a statistical study said.
News ID: 9509 Publish Date : 2020/05/15
Japanese auto producer Toyota is extending domestic vehicle output cuts into August as the Covid-19 pandemic continues to depress global sales.
News ID: 9495 Publish Date : 2020/05/15
Vale is seeing a “very vigorous” economic rebound in China, the iron ore miner’s principal export market, Chief Financial Officer Luciano Siani said during an online event hosted by Brazil newspaper Valor Economico on Friday.
News ID: 9438 Publish Date : 2020/05/10
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
