China’s Met Coke Production up 3.6% in 2023
January 17, 2024
From Jan to Dec 2023, national coke, pig iron and steel production increased year-on-year, while crude steel production remained flat
Tag: Steel
Usiminas Restarts Blast Furnace Signaling Confidence in Steel Market
January 17, 2024
Usiminas, a major Brazilian steelmaker, is making a significant move by restarting its largest blast furnace.
China Baowu’s 2023 crude steel output at 130.77 mmt
January 16, 2024
China Baowu Steel Group (Baowu), the world’s largest steelmaker, produced 130.77 million tonnes of crude steel in 2023
Nucor Celebrates Groundbreaking at Two New Facilities
January 14, 2024
One new facility is located on the Ohio River in Brandenburg, Kentucky and the other is at Apple Grove in West Virginia.
India needs value-added exports as China competition intensifies
January 14, 2024
A slowdown in China’s real estate segment is expected to hurt steel demand, while India needs to change its export strategy
China’s Blast Furnace capacity rebounds after 10-week drop
January 12, 2024
The blast furnace (BF) capacity utilization rate ended a 10-week drop and rebounded to 82.56% during January 5-11
China steel exports hit 7-year high in 2023
January 12, 2024
China’s steel exports continued to rise during January-December 2023 Export volumes in 2023 rose by 36.2% y-o-y to 90.264 million tonnes
China’s 2023 auto sales and output hit record highs
January 11, 2024
Sales and output of automobiles in China both capped 30 million units in 2023, hitting record highs and registering double-digit rises
Weak fundamentals to drag on China HRC prices in 2024
January 10, 2024
A limited rise in consumption of HRC against increasing supplies of the flat product could see Chinese hot coil prices weaken
India’s steel ministry not seeking higher import taxes
January 10, 2024
India’s federal Ministry of Steel has no immediate plans to seek higher taxes on imported steel despite becoming a net importer
How the EU’s carbon border tax will affect the global metals trade
January 9, 2024
The EU’s implementation of a CBAM to reduce the risk of carbon leakage as it strengthens its Emission Trading System…
ArcelorMittal increases steel coil offers by €50/t
January 9, 2024
Europe’s largest steelmaker, ArcelorMittal, increased its headline offer for hot-rolled coil (HRC) by €50/t on limited import options