US Steelco’s Lob Price Hikes at Bearish Steel Prices
March 19, 2024
As flat rolled markets began to form a new down cycle in recent months, U.S. steelmakers appeared eager to halt declines.
Tag: Steel
India’s steel majors to invest billions to meet buoyant local demand
March 19, 2024
Indian steel producers, including JSW Steel and Tata Steel are expected to invest billions in a capacity increase to meet rising demand
Americas steel industry optimism fails to extend to Europe
March 19, 2024
Klöckner & Co is less optimistic about the outlook for the European market than for North America, which is expected to perform strongly.
EU market participants call for production cuts to support HRC prices
March 19, 2024
European mills producing hot-rolled coil are expected to cut their output as a lack of real end-user demand has forced prices downward.
China’s BF capacity slips further to 82.58%
March 19, 2024
The blast furnace (BF) capacity utilization rate slid for the fourth straight week to reach 82.58% during March 8-14, lower by another 0.53
Coal News & Price Data – March 18, 2024 – Thungela Reports Strong Earnings
March 18, 2024
Thungela Resources reports a resilient performance for 2023, yielding strong cash generation and a robust net cash position.
Steel Associations Across China Advocate Production Cuts to Stabilize Market Prices
March 18, 2024
Amid the recent downturn in steel prices and burgeoning inventories, steel associations across various Chinese are advocating for cuts
China’s Steel Production Surges Despite Market Headwinds
March 18, 2024
China’s total crude steel output came in at 167.96 million tonnes over January-February, higher by 1.6% YoY
Asian rebar importers await bottom in sliding market
March 15, 2024
The continued weakness in China’s steel futures and spot markets is depressing sentiment for rebar in Singapore and Hong Kong.
Nippon Steel Resolved to Complete U.S. Steel Buyout as Biden Issues Statement in Opposition
March 15, 2024
Nippon Steel Corp. underscored its resolve Friday to complete its planned buyout of United States Steel Corp.
India’s Steel Exports up 2% MoM in February 2024
March 14, 2024
India’s steel exports increased 2% m-o-m in February 2024 after hitting a 20-month high in January.
JSW Steel to Boost Production with new Blast Furnace at Dolvi Mill
March 14, 2024
JSW Steel is making strides in the steel production industry with its announcement of commissioning a new blast furnace at Dolvi