China’s building material sector in China reported steady growth in both output and profits in 2020, official data showed. Building material firms with an annual revenue of more than 20 million yuan (about 3.1 million U.S. dollars) registered combined profits of 487.1 billion yuan last year, up 3.2 percent year on year, data by the […]
China’s building material sector sees profit growth in 2020 Read More »
In January this year, Ukraine’s semi-finished steel exports rose by 6.9 percent year on year to 674,900 mt, according to Ukrainian customs data. In terms of value, Ukrainian semis exports in the given period increased by 20.8 percent year on year to $280.6 million. In particular, supplies to Turkey and Italy accounted for 28.5 percent
Ukraine’s semi-finished steel exports up 6.9 % in January Read More »
In December 2020, after a successful commissioning phase that proved the line’s efficiency, Nucor Steel Gallatin granted SMS group the final acceptance certificate (FAC) for the new “heat-to-coat” pickling and galvanizing line in Ghent, Kentucky, U.S.A. The line was fully supplied by SMS group, including engineering, process technology, furnace technology, pickling and galvanizing technology as
Europe’s recovery from a recession induced by the COVID-19 pandemic has been somewhat delayed but should pick up pace from mid-year, European Central Bank President Christine Lagarde said in comments published by a French newspaper on Sunday. With euro zone nations locking down their economies to slow the spread of the novel coronavirus, the bloc’s
Euro zone recovery delayed, to gather pace from mid-year – Lagarde Christine Read More »
Global oil prices are rising on Feb. 8 morning on optimism around the recovery in demand in the market, and the price of Brent crude rose above $60 per barrel for the first time since Jan. 29, 2020, according to trading data, Report informs, referring to Bloomberg. As of 9:25 (GMT+4), the price of April
Oil prices exceeds $60 for first time since January 2020 Read More »
In a report, the US banking group Citigroup warned of the strong possibility of fluctuations in iron ore prices in the global market, given that these commodities are currently being traded at a much higher price than the cost margin. The group stated that even with a slight fluctuation in the global market equilibrium, the
Citigroup warns of fluctuations in iron ore prices Read More »
Global crude steel production reached 1,864.0 million tonnes (Mt) for the year 2020, down by 0.9% compared to 2019. Asia produced 1,374.9 Mt of of crude steel in 2020, an increase of 1.5% compared to 2019. China’s crude steel production in 2020 reached 1,053.0 Mt, up by 5.2% on 2019. China’s share of global crude
Global crude steel output decreases by 0.9% in 2020 Read More »
In 2020, Ukrainian mining companies exported 46.3 million mt, increasing by 16% year on year. In terms of value, Ukraine’s iron ore exports in 2020 rose by 24.8% year on year to $4.24 billion. China with its 60% share of the total value of Ukrainian iron ore exports in 2020 remained the leading consumer. Meanwhile,
Ukraine’s iron ore exports up 16% in 2020 Read More »
Under pessimistic assumptions on the duration of new lockdown restrictions to contain the spread of Covid-19, Bloomberg Economics lowered its first-quarter estimate for the euro-area economy to a 4.1% contraction, after a 1.5% drop in the final three months of 2020. That will mark the second technical recession in the region as a result of
Slower Growth Makes for 4.1% Euro-Area Contraction in the First Quarter Read More »
India-headquartered steelmaker Tata Steel has announced that in the third quarter ended December 31 of the financial year 2020-21 crude steel production at its Indian facilities increased by three percent year on year to 4.60 million mt, while its finished steel sales totaled 4.66 million mt, falling by four percent compared to the same quarter
Tata Steel’s crude steel output in India up 3% in September – December Read More »
Oil prices hit their highest level in nearly a year on Friday, gaining 8% on the week, supported by Saudi Arabia’s pledge to cut output and strong gains in major equity markets. Brent crude settled at $55.99 a barrel, climbing $1.61, or 3%, on the day and 8.1% on the week. West Texas Intermediate crude
Oil rises to 11-month high, logs weekly Read More »
In November this year, Brazilian miner Vale’s iron ore export volume totaled 23.80 million mt, down 9.7 percent compared to October and increasing by 2.2 percent compared to November 2019, according to Brazil’s National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase). In the January-November period of the current year, Vale’s
Vale’s iron ore exports down January-November Read More »
Malaysia’s Ministry of International Trade and Industry (Miti) has decided to impose anti-dumping duties on imports of aluminium- and zinc-coated non-alloy steel sheet and coil from China, Korea and Vietnam. The move follows an investigation which started in March at the request of NS BlueScope (Malaysia). The duties will be charged for five years from
Malaysia puts duties on Chinese, Korean, Vietnamese galvalume Read More »
Vietnam has imposed anti-dumping duties on some coil or sheet cold-rolled steel products that originated from China for five years starting Dec. 28, its industry and trade ministry said on Wednesday. The duties, specifically for coils or sheets of a width of less than 1,600 mm and between 0.108 mm-2.55 mm thickness, come after the
Vietnam imposes anti-dumping tax on Chinese cold-rolled steel Read More »
Prices of the steel ingredient near all-time high as investors bet on tightening supply at a time of strong demand. Iron-ore prices are teetering near record territory as a landslide at a Brazilian iron-ore mine intensifies concerns about supply and Chinese demand runs hot. The price of iron ore has soared to its highest level
Fatal Landslide in Brazil Pushes Iron Ore Toward Record Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 158.3 million tonnes (Mt) in November 2020, a 6.6% increase compared to November 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production
World’s production of crude steel rose 6.6% in November Read More »
Countries around the world have begun banning flights and travellers from Britain as London said the spread of a more-infectious new coronavirus strain was “out of control”. Here are the countries that have announced travel bans so far. Saudi Arabia Saudi Arabia said on Sunday it was halting all flights and suspending entry through its
New Covid-19 strain: Full list of countries that have banned flights, travel Read More »
Crude steel output in Germany increased by 14.8% year on year in November, marking the second consecutive month of growth, German steel federation WV Stahl said on Friday December 18. In November, German crude steel production totaled 3.38 million tonnes, up from 2.94 million tonnes in the corresponding period of 2019. But this growth was
German crude steel production up 15% in November Read More »
China’s crude steel output grew steadily up to November, gaining 5.5% on year to 961 million tonnes over January-November, or the same growth as that for the first ten months, according to the latest release from the country’s National Bureau of Statistics (NBS) on December 15. For November alone, the country’s crude steel output came
China’s Jan-Nov steel output grows steadily at 5.5% Read More »
In the January-November period of the current year, Ukraine’s semi-finished steel exports totaled 6.9 million mt, rising by 5.5 percent year on year. In terms of value, Ukrainian semis exports in the given period fell by 6.6 percent year on year to $2.5 billion. In particular, supplies to Italy and Turkey accounted for 26.1 percent
Ukraine’s semi-finished steel exports up and steel pipe exports down Read More »
In the January-October period of this year, Turkey’s HRC exports amounted to 2.22 million mt, down 15.5 percent, while the value of these exports decreased by 26.1 percent to $1.01 billion, both compared to the same period of 2019,according to the data provided by the Turkish Statistical Institute (TUIK). In the first ten months of
Turkey’s HRC exports down in January – October, Egypt ranked second Read More »
In the January-November period of the current year, Ukrainian mining companies exported 41.8 million mt, up 14.4 percent year on year. In terms of value, Ukraine’s iron ore exports in the first eleven months increased by 16.6 percent year on year to $3.7 billion. China with its sixty percent share of the total value of
Ukraine’s iron ore exports up 14.4 % in Jan-Nov Read More »
A southern Chinese port on Saturday shipped the first batch of made-in-China steel tracks to be used in Indonesia’s Jakarta-Bandung high-speed railway (HSR). China Railway Nanning Group said the track bars were loaded onto a ship in Fangchenggang, Guangxi Zhuang Autonomous Region, after arriving on trains from their maker Panzhihua Iron and Steel in the
China starts shipping tracks for Indonesia’s high-speed railway Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 161.9 million tonnes (Mt) in October 2020, a 7.0% increase compared to October 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production
Leaders of the world’s 20 biggest economies vowed on Sunday to spare no effort to supply COVID-19 drugs, tests and vaccines affordably and fairly to “all people”, reflecting worries that the pandemic could deepen global divisions between rich and poor. The pandemic and prospects of an uneven and uncertain economic recovery were at the centre
G20 leaders pledge fair global distribution of coronavirus vaccine Read More »
G20 nations are determined to continue doing everything possible to contain the COVID-19 pandemic, warning in a draft communique that the global economic recovery remains “uneven, highly uncertain, and subject to elevated downside risks”. Bringing the pandemic under control is the key to supporting a global economic recovery, the G20 leaders said in the draft,
G20 determined to use all tools to contain pandemic Read More »
Oil prices rose on Tuesday, thanks to expectations that OPEC and its allies will extend crude production cuts for at least three months, while sentiment boosted news of another promising Corona virus vaccine. Brent crude in January contracts rose 26 cents, equivalent to 0.6 percent, to $ 44.08 a barrel. US West Texas Intermediate crude
Oil prices are rising and all eyes are on the market Read More »
Leaders from 15 countries have signed the Regional Comprehensive Economic Partnership, a pan-Asian trade agreement, after a decade of negotiations. “We signed [RCEP] today, after a tough slog of eight years”, said Lee Hsien Loong, Singapore’s prime minister. “This is a major step forward for our region. At a time when multilateralism is losing ground,
Asia-Pacific countries sign one of the largest free trade deals in history Read More »
More than one million lives have been lost to COVID-19 since the start of the year and the toll continues to rise. Many more have suffered serious illness. Close to 90 million people are expected to fall into extreme deprivation this year. These are difficult times, yet there are some reasons to be hopeful. Testing
Global Economic Growth Outlook 2020-2021 Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 156.4 million tonnes (Mt) in September 2020, a 2.9% increase compared to September 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production
world’s production of crude steel rose 2.9% in September Read More »