China plans to cap the prices of thermal coal sold by mining companies as part of efforts to ease the country’s energy crisis, which has led to periodic blackouts in many parts of China. The National Development and Reform Commission, the country’s top economic body, aims to set the price of 5500-NAR coal in China …
China Plans to Cap Key Coal Price to Ease an Energy Crisis Read More »
The General Directorate of Iron and Steel complex “Sider El Hadjar” announced in a statement the signing of an agreement with the Iron Ore Company of the East (MFE) for the regular supply of iron ore to the Complex. The agreement was signed by the General Manager of Sider El Hadjar (a subsidiary of Sider …
In September this year, Brazilian miner Vale’s iron ore export volume totaled 26.37 million mt, down 6.1% compared to August and decreasing by 4.4% compared to September 2020, according to Brazil’s National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase). In the January-September period of the current year, Vale’s iron ore …
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 144.4 million tonnes (Mt) in September 2021, an 8.9% decrease compared to September 2020. China produced 73.8 Mt in September 2021, down 21.2% on September 2020. India produced 9.5 Mt, up 7.2%. Japan produced 8.1 Mt, up 25.6%. Crude …
World crude steel production decreased by -8.9% in September 2021 Read More »
China’s average daily output of crude steel recorded a three-year low in September, according to the China Iron and Steel Association (CISA). The average daily output in September fell 21.2 percent year on year to 2.46 million tonnes, CISA vice chairperson Qu Xiuli said at a press conference. She noted the drop in output is …
China’s daily crude steel output hits 3-years low Read More »
SABIC unveiled its global strategy towards carbon neutrality at the inaugural Saudi Green Initiative (SGI) Forum, which took place under the patronage of His Royal Highness Crown Prince Mohammed Bin Salman in Riyadh. With the theme “A new era of action: Oasis Alive”, the invitation-only event was attended by a high-level delegation from the company …
SABIC announces carbon neutrality strategy at “Green Saudi” initiative forum Read More »
Over January-September, China’s run-of-mine iron ore output still managed to grow 13.4% on year to 743.4 million tonnes, though the growth eased from the 14.2% on year for the first eight months mainly because of the ongoing power rationing the stringent safety scrutiny, according to the data released by the Metallurgical Mines’ Association of China …
The Council of Arab Economic Unity held yesterday its fifty-fourth meeting of the Arab unions specialized in work quality, which was organized by the Council of Arab Economic Unity, in the presence of the leaders of the Arab unions specialized in quality. The Arab unions’ periodic meeting dealt with achievements and recommendations made at the …
UK-based plantmaker Primetals Technologies has announced that Russia-based leading global iron ore and hot briquetted iron producer Metalloinvest has signed a contract with Primetals Technologies and its consortium partner US-based Midrex Technologies, Inc.for the supply of a new hot briquetted iron (HBI) plant to be established at Lebedinsky GOK. The plant will be designed to …
Primetals and Midrex to supply HBI Plant to Russia’s Metalloinvest Read More »
Emirates Steel, the leading integrated steel manufacturer in the Middle East, adopted UK CARES’ state-of-the-art Dynamic QR Code verification technology to assure fast and seamless traceability of its rebar products as part of its major drive to digital assurance. Emirates Steel is the first manufacturer to automatically upload the product test data using a dedicated …
Emirates Steel makes great dynamic strides in digital assurance Read More »
According to a new report issued by the China Iron and Steel Association (CISA), steel prices in China in September shifted from a downward trend to an uptrend amid restrictions on energy consumption which resulted in declining steel output and expectations of tight steel supply for the near future. There are a number of factors …
CISA: Steel prices unlikely to change sharply amid demand-supply balance Read More »
In September this year, China’s rebar and wire rod outputs totaled 17.698 million mt and 11.171 million mt, down 24.7% and 27.2% year on year, while down 12.0% and 11.2% month on month, respectively, according to China’s National Bureau of Statistics (NBS). The rebar and wire rod outputs indicated big declines due to production restrictions …
The Ministry of Trade and Industry in the State of Kuwait announced the prices of building materials, as follows: Domestic Rebar Size Origin Unit Kuwaiti Dinar 8 mm Kuwait Ton 225 10 mm Kuwait Ton 225 12 mm Kuwait Ton 225 14 mm Kuwait Ton 225 16 mm Kuwait Ton 225 Domestic Rebar Size Origin …
According to export data from the US Department of Commerce, US exports of rebar totaled 22,193 mt in August 2021, down 12.5% from July and down 0.8% from August 2020 levels. By value, rebar exports totaled $23.2 million in August, compared to $24.2 million in the previous month and $14.4 million the same month last …
Ezz Steel announced that its total exports in the first nine months of 2021 reached $1.013 billion. Exports amounted to $598 million in the first half (H1) of 2021 and $419 million in the third quarter (Q3) of the year, according to a bourse disclosure. In the January-June period, the steel manufacturer turned to net …
Ezz Steel’s exports exceed $1billion in 9 months Read More »
Oil prices hit multi-year highs buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and diesel for power generation. Brent crude oil futures were up 59 cents, or 0.7%, to $85.45 a barrel, after hitting $86.04, their highest level since October 2018. U.S. West Texas Intermediate …
China’s National Bureau of Statistics (NBS) announced that China’s crude steel outputs amounted to 73.75 million mt in September, down 21.2% compared to the same month last year. The production of iron ore was 65.19 million mt in the same month, down 16.1%, and finished steel products was 101.95 million mt 14.8% on year-on-year. At …
China’s crude steel output down 21.2% in September Read More »
The construction of a flat steel production plant with a production capacity of 2 million mt per year is expected in the “Tosyali Algeria” company, a member of the company’s board of directors in charge of operations in Algeria announced on Tuesday. In a statement to the Algerian News Agency, Mr. Alp Topkiogli highlighted that …
Tosyali Algeria to start the construction of a flat steel production plant next November Read More »
The world’s steelmakers need a makeover. Their industry is one of the dirtiest, and it’s blamed for about 7% of global carbon emissions. At the moment, the manufacturing processes of the biggest producers are doing the same old fashion and now they face a reckoning. With the planet’s viability at stake because of global warming, …
A Swedish company succeeds in producing the World’s First Green Steel Read More »
Within the framework of efforts to enhance cooperation between the Republic of Algeria and the People’s Republic of China, a memorandum of understanding was signed on Thursday, October 14, 2021 between the National Corporation for Metal and Copper Structures “ENCC Spa” and the China Railway Construction Company Limited in Algeria “Algeria CRCC” The celebration was …
Signing a memorandum of understanding between ENCC Spa and CRCC Algeria Read More »
The U.S. has submitted a new proposal to the European Union to solve a Trump-era dispute on steel tariffs, offering more-generous terms, according to people familiar with the matter. The updated proposal involves so-called tariff-rate quotas that Bloomberg reported last month, but provides for a bigger quantity of steel to enter the U.S. before higher …
U.S. Revises EU Steel Proposal as Tariff-Increase Date Looms Read More »
China has asked steel mills in more cities in northern China to cut production from Nov. 15 to March 15 next year, in order to clear the smog-blanketed sky in the region and to ensure the achievement of the country’s steel output reduction target. Steel mills should keep to their plans to cut production for …
China orders more northern steel mills to cut winter output Read More »
According to final census data from the US Department of Commerce, US imports of wire rod totaled 75,285 mt in August 2021, down 23.9% from July but up 100.4 % from August 2020 levels. By value, wire rod imports totaled $70.9 million in August 2021, compared to $85.9 million in July and $23.5 million in …
Malaysia has imposed antidumping (AD) duties on CRC imports from China, Vietnam and South Korea to protect domestic producers from unfair imports. On October 8, 2021, the Ministry of International Trade and Industry (MITI) of Malaysia has announced its decision to impose final AD duties ranging from 0% to 42.08% on “CRC of alloy and …
Malaysia sets AD duty on CRC from China, Vietnam and South Korea Read More »
Egypt’s exports of pipes increased by 11% to reach $5 million in January to August 2021, compared to $4 million in the same period last year. A report from the Export Council for Building Materials said that exports to Turkey from the pipe sector rose by 69% to $1.6 million, compared to only $980,000 last …
$5 million , Egypt’s exports of pipes in January-August 2021 Read More »
The Hamriyah Free Zone Authority (HFZA) added another industry leader to its investors base with ArcelorMittal Projects, a part of the ArcelorMittal Group, the world’s leading Steel and Mining company, recently acquiring the assets of a pipe and coating mill located in the Hamriyah Free Zone. Besides the acquisition, ArcelorMittal Projects has leased 1.38 million …
HFZA inks investment deal with ArcelorMittal DSTC FZE Read More »
Bahrain Steel, a key pellet supplier in the GCC and sister company of merchant bar producer SULB, continues to strengthen cooperation with foreign customers, aiming to benefit from strong raw materials segment fundamentals. The company hopes to take advantage of market activity in China. Generally high iron ore prices in the global market are playing …
Bahrain Steel intends to enter the Chinese market by exporting 200,000 t in 2021 Read More »
Australian mining company BHP Billiton has announced that it has officially opened its new South Flank mine in Western Australia. When fully operational, the mine, with a US$3.6 billion investment, will produce an annual 80 million mt of premium iron ore. The South Frank mine and the existing Mining Area C will form the largest …
BHP officially opens South Flank iron ore mine,with a capacity of 80 million mt Read More »
Iron ore futures are up 50% in just three weeks, reinforcing inflation fears that are spreading around the world. The rise in iron ore prices – which has jumped 16% this month – is likely to reduce profit margins for steel mills, which are unable to transfer higher costs to sectors such as real estate …
In the January-August period of this year, Turkey’s billet import volume amounted to 2.15 million mt, increasing by 100%, while the value of these imports increased by 203% to $1.38 billion, both year on year. In the given period, Turkey imported 1.31 million mt of billet and bloom from Russia, up 101.32% year on year, …
Turkey’s billet imports up 100 percent in January-August, including Arab countries Read More »