China’s blast-furnace capacity use retreats to 83.59%
February 26, 2024
The blast furnace (BF) capacity utilization rate ended a six-week rising streak and pulled back to 83.59% over February 16-22
Tag: Steel
Chinese coke plants’ output slides
February 23, 2024
The total volume of metallurgical coke produced declined during February 15-21, slipping by 5,600 tonnes/day on week
January 2024 crude steel production
February 23, 2024
World crude steel production for the 71 countries reporting to the WSA was 148.1 mmt in Jan 2024, a 1.6% decrease vs Jan 2023.
Manufacturing to anchor China’s steel demand in 2024
February 22, 2024
The manufacturing industry is poised to be the focal point of China’s economic development, which will offer support to domestic steel demand
Mechel reports decline in steel, coal production in 2023
February 21, 2024
Mechel lowered steel production by 2% year on year to 3.49 mln metric tons, the Russian mining and metals company reports.
Weak market fundamentals see iron ore futures dive 5.4%
February 20, 2024
In stark contrast to the bullish outlook many market watchers had held earlier for Chinese iron ore derivatives, the restart of trading…
China’s Blast Furnace capacity use edges up during CNY holiday
February 19, 2024
The blast furnace capacity utilization rate nudged up for the sixth straight week to reach 83.97% during February 9-15
Another coke oven starts in Sulawesi, Indonesia
February 19, 2024
Coke oven #4 was successfully put into operation. This is the third coke oven of this project that has been put into operation
India’s JSW Steel eyes 13.2mn t/yr steel complex
February 16, 2024
India’s private-sector steelmaker JSW Steel has announced a 13.2mn t/yr greenfield steel manufacturing complex in Paradip, Odisha.
Steel production in the US is lagging behind last year’s pace by
February 16, 2024
So far this year steel production nationally is trailing last year’s pace by 1.4%. Nationally, steel mills remained below 80% capacity
India’s Mills Post Tepid Sales Amid High Coking Coal Prices
February 15, 2024
India’s tier-1 mills put up a weak sales performance in the third quarter (October-December, 2023) amid rising inventories and imports.
Scrap is the future of steel
February 14, 2024
China’s growing scrap generation will facilitate steelmaking decarbonisation in that country, but the main challenge will be to replace…