The gap between global production and capacity is expected to reach 700 million tonnes in 2020, increasing for the first time since 2016. the OECD steel committee said during its latest session held virtually. The association noted the latest available data from the OECD show that global steelmaking capacity could increase to 2,455.8 m t/year. […]
OECD : Steel overcapacity to resume growth in 2020 Read More »
Profits at China’s industrial firms grew for the fourth straight month in August, buoyed in part by a rebound in commodities prices and equipment manufacturing, the statistics bureau said on Sunday. China’s recovery has been gaining momentum as pent-up demand, government stimulus and surprisingly resilient exports propel a rebound. Industrial firm profits grew 19.1% year-on-year
China’s industrial profits grow for fourth straight month Read More »
China’s natural gas consumption is expected to grow at 4.2% in 2020, the slowest pace in five years, a government research report said, after the coronavirus pandemic slowed economic activity and dented demand for energy. Demand for natural gas grew just 1.5% in the first half, the report by the oil and gas department at
Pandemic to trim China’s 2020 gas demand growth to 4.2% Read More »
China’s industrial output accelerated the most in eight months in August, while retail sales grew for the first time this year, suggesting the economic recovery is gathering pace as demand starts to improve more broadly from the coronavirus crisis. An annual decline in fixed-asset investment over January-August also moderated thanks to expanded stimulus from Beijing,
China’s industrial engine gathers speed Read More »
U.S. President Donald Trump’s administration took new steps to curb steel imports from Brazil and Mexico on Monday, boosting protections for battered U.S. steelmakers and jobs in the election battleground states of Pennsylvania, Ohio and Michigan. The U.S. Trade Representative’s office said it was reducing Brazil’s remaining 2020 quota for semi-finished steel imports into the
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World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.8 million tonnes (Mt) in July 2020, a 2.5% decrease compared to July 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 crude steel production decreased by 2.5% in July Read More »
Steel demand is expected to decline significantly in 2020-21 in line with a projected contraction in the global economy due to the impact of coronavirus pandemic, Tata Steel NSE 2.22 % has said in its annual report. Most of the steel producing regions are expected to witness a decline in crude steel output due to
Tata Steel : World economy to see ‘worst contraction’ in 2020 Read More »
TBK Automatisierung und Messtechnik GmbH is one of the new members within the SMS family. The company headquartered in Graz, Austria, is proud to be the competence centre of the SMS group for laser measurement devices. TBK was founded in 1986 as a technical office by Heinz Kotzmuth. Very soon, the company focused on developing
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 147.1 million tonnes (Mt) in March 2020, a 6.0% decrease compared to March 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates from national and regional associations, which may be revised with
World crude steel production decreased by 6% in March Read More »