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
Around 96pc of China's major steelmakers and about two thirds of the entire industry is operational, but smaller mills and electric-arc furnace ( EAF ) producers face acute disruptions amid the coronavirus outbreak, government and industry bodies said.
News ID: 8474 Publish Date : 2020/02/24
Indian steel producer Jindal Steel and Power (JSPL) has commissioned the fourth coke battery at its Angul steel plant, covering the plant's metallurgical coke requirements.
News ID: 7923 Publish Date : 2019/12/12
Spreads between US domestic ferrous scrap prices in the south and north are the widest in over a year, highlighting a broader shift as southern US electric arc steelmaking capacity grows.
News ID: 7483 Publish Date : 2019/11/15
Canadian steelmaker Stelco plans to construct a new pig iron facility that will begin shipments by the third quarter of 2020.
News ID: 7482 Publish Date : 2019/11/15
Algerian steelmaker AQS has received its second Supramax cargo of direct reduced pellets ahead of launching a 2.5mn t/yr direct reduced iron (DRI) unit by the end of 2019 and a switch to electric arc furnace ( EAF )-based steel production.
News ID: 7464 Publish Date : 2019/11/14
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced a price hike for all grades of domestic steel scrap procurement by a significant margin, increasing its purchase price by RMB 80/MT (USD 11) effective from today 7th November’19. The price hike comes after 3 weeks of unchanged bids by the company.
News ID: 7408 Publish Date : 2019/11/07
More US flat-rolled steel producers pushed price increases of $40/st today after electric arc furnace ( EAF ) steelmaker Nucor and integrated steelmaker ArcelorMittal announced price hikes yesterday.
News ID: 7314 Publish Date : 2019/11/08
Integrated steelmaker US Steel said it will prioritize buying the remaining shares of electric arc furnace ( EAF ) steelmaker Big River Steel, a day after its initial 49.9pc stake purchase closed.
News ID: 7063 Publish Date : 2019/11/01
Integrated steelmaker US Steel is working to transform itself as it takes the plunge into scrap-fueled electric arc furnace ( EAF ) steel production, at a time when the steel market is slowing along with the global economy in the face of trade-war headwinds.
News ID: 6619 Publish Date : 2019/10/11
Pennsylvania-based integrated steelmaker US Steel is making a series of changes in preparation for its possible full acquisition of electric arc furnace ( EAF ) steelmaker Big River Steel.
News ID: 6586 Publish Date : 2019/10/09
Bearish sentiments in China’s graphite electrodes market continued this week amid drop in the country’s domestic steel prices. The tepid downstream demand is taking toll upon China’s GE market and few of the EAF manufacturers have stalled their production resulting in plunge in GE demand and its prices (especially that of non-UHP grade electrodes and small sized electrodes).
News ID: 6201 Publish Date : 2019/08/28
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced price hike for all grades of domestic steel scrap procurement by RMB 50/MT (USD 7) effective from yesterday 21st Aug'19. Notably, after witnessing successive 4 price cuts by a total RMB 160 in the first two weeks of Aug’19, the steelmaker has lifted scrap prices on environmental issues and tightening supply again.
News ID: 6196 Publish Date : 2019/08/27
JSW Steel has delayed the construction of a new electric arc furnace ( EAF ) and slab caster at its Baytown, Texas, plate and pipe mill.
News ID: 6144 Publish Date : 2019/08/24
China - world’s largest consumer of ferrous scrap, has witnessed its scrap imports in H1 2019 reaching the record low levels since the data maintained by SteelMint, with the imports in this period recorded at just 155,685 MT, dropping by 82% Y-o-Y, in comparison to 856,413 MT in H1 2018.
News ID: 5649 Publish Date : 2019/08/01
The steelmaker has raised its domestic scrap purchase price by JPY 500/MT (USD 5) at Utsunomiya plant following an upturn in Japanese scrap price amid tight supply.
News ID: 5477 Publish Date : 2019/07/25
China's ferrous scrap prices have risen to new 2019 highs, as high utilisation rates for electric arc furnaces ( EAF s) and new restrictions on imports took effect from 1 July.
News ID: 5382 Publish Date : 2019/07/22
As per updates received, in a recently concluded purchase, South Korean EAF steelmaker, Dongkuk Steel has booked 10,000 MT of A3 grade scrap from Russia at USD 287/MT, CFR South Korea. This price is around USD 7-8/MT less than the last contract for Russian scrap by South Korean steelmakers, which was signed for USD 294-295/MT, CFR in June’19.
News ID: 5353 Publish Date : 2019/07/20
The US subsidiary of Swedish steelmaker SSAB expects steel shipments in the third quarter to remain at similar levels as the prior three months.
News ID: 5348 Publish Date : 2019/07/20
The steelmaker has lowered the domestic scrap purchase prices by another JPY 500-1000/t today after witnessing 7 price cuts in June month.
News ID: 5038 Publish Date : 2019/07/06