China’s Blast Furnace capacity use stable at 82.76%
March 30, 2024
The blast furnace (BF) capacity utilization rate stood largely stable on week at 82.76% during March 22-28
Tag: Steel
CISA calls on steel mills to curb production for healthy development
March 30, 2024
The China Iron & Steel Association (CISA) has called on steelmakers across the country to take the initiative to reduce their production
China’s manufacturing sector tipped to lead steel demand, overtaking sluggish construction sector
March 30, 2024
China’s manufacturing sector is overtaking its construction sector in driving the country’s demand for steel
India’s metallurgical coal imports may rise 5% in FY’24 on higher crude steel output
March 26, 2024
Imports of metallurgical coal by India, the world’s second-largest steel producer, are expected to increase by around 5% YoY
Cleveland-Cliffs Secures Federal Support for Green Initiatives
March 26, 2024
In a bold move, Cleveland-Cliffs Inc. has secured a significant financial boost from the federal government for two decarbonization projects
Met Coke Prices Drop WoW
March 22, 2024
Indian met coke prices have been recorded at INR 33,500/tonne (t) ex-Jajpur this week. Prices dropped by INR 500/t w-o-w.
World Steel Association Figures for February 2024
March 22, 2024
Global crude steel production saw a mixed trend in February, with a year-on-year increase of 3.7%, reaching 148.8 million metric tons
China’s Blast Furnace capacity use rebounds to 82.79%
March 22, 2024
The blast furnace (BF) capacity utilization rate ended a four-week drop and rebounded to 82.79% during March 15-21
Should India ‘heavily subsidize’ metals firms to insulate from Western trade barriers?
March 22, 2024
Western governments are increasingly implementing policies to protect their local metal-producing industries from rivals
Many steel mills resumed production, boosting blast furnace operating rate
March 20, 2024
According to SMM research, on March 20, the blast furnace operating rate was 89.45%, an increase of 0.3% month-on-month.
China’s CRC price may bottom out in April 2024
March 20, 2024
After experiencing a sharp drop, Chinese spot prices for CRC are likely to gradually stabilize later this month and rebound in April
Metinvest Update
March 20, 2024
Ukrainian steel and mining group sold 48% of its metallurgical and mining products in European Union countries in 2023