The Tata Steel wire rod line in Gamharia, Jamshedpur, India, is running at higher operational efficiency and delivering better wire rod quality. The upgrading project consisted of the supply and installation of two shearing units –a new crank shear and a new rotary shear– and also included an electrical and automation package by Danieli Automation. …
Danieli wire rod line modernization at Tata Steel Gamharia Read More »
Falling steel prices and Chinese imports to India are currently more worrisome than demand for steel products in the country. Tata Steel’s Chief Executive Officer and Managing Director T. V. Narendran told about it in an interview. According to the CEO of Tata Steel, demand for steel in India remains quite strong. In the past …
Tata Steel CEO : Falling steel prices are a major problem Read More »
In October this year, Japan’s iron and steel product exports amounted to 2.52 million metric tons, decreasing by 4.1% month on month and 6.4% year on year, according to the customs statistics released by the Japan Iron and Steel Federation (JISF). In the January-October period this year, Japanese iron and steel product exports amounted to …
Japan’s steel exports down 4.1% in January-October Read More »
In October this year, Japanese crude steel production was up by 4.6 % compared to the previous month and down by 7.8 % compared to October 2023, totaling 6.92 million mt, according to the data released by the Japan Iron and Steel Federation (JISF). Meanwhile, in the given month Japan’s pig iron production totaled 5.07 …
Japanese crude steel output up 4.6 percent in October from September Read More »
China’s steel output rebounded in October, snapping a four-month losing streak, as market sentiment improved on Beijing’s efforts to stimulate economic growth. Improved profit margins helped steelmakers increase output to 81.88 million tonnes, up 6.2% from September and 2.9% higher than a year earlier, according to data from the National Bureau of Statistics. The cumulative …
China steel output rebounds after four-month decline Read More »
China’s steel exports in October 2024 increased by 10.1% compared to the previous month – to 11.18 million tons. Shipments increased by 40.8% compared to October 2023. It is reported by Reuters. During January-October this year, Chinese producers exported 91.89 million tons of steel (+23.3% y/y), which already exceeds the total exports of 2023 and …
In October this year, Vietnam’s steel imports reached 2,412,410 mt, up 41.7% compared to September, with China as the largest exporter with 1,856,612 mt, while its scrap imports grew 7.5% month-on-month to 346,153 mt, with Japan as the largest exporter with 189,663 mt, according to data released by the General Department of Customs of Vietnam. …
Vietnam’s steel imports up 23.2%, scrap up 7.7% in Jan-Oct 2024 Read More »
China’s iron ore imports continued to rise in October, supported by improved profit margins in the steel industry thanks to recent government stimulus measures. China’s iron ore imports rose 4.48% year-on-year to 103.84 million metric tons in October, according to data released on Thursday by the General Administration of Customs. This is after imports recorded …
China’s iron ore imports rise 4.5% in October 2024 Read More »
Italian plantmaker Danieli has announced that it will supply Chinese steel producer Shougang with a new EAF using Danieli’s Zero Bucket technology for producing automotive-exposed grades. Zero Bucket technology features horizontal preheating and continuous charging with a capacity of 160 mt of tapped steel, minimizing carbon emissions. Being flexible in raw material charging and low …
Danieli to install ultra-lowemission EAF for China’s Shougang Read More »
South Korean steelmaker Pohang Iron and Steel Co. (POSCO) has announced its consolidated financial results for the third quarter this year. The company reported an operating profit of KRW 743 billion ($539.52 million) in the given quarter, down by 1.2% compared to the second quarter, due to a decline in sales prices. In the third …
South Korea: POSCO posts lower net profit, sales revenue in Q3 2024 Read More »
The Ministry of Industry and Trade (MOIT) of Vietnam announced a five-year extension of the anti-dumping (AD) measures on color-coated steel products originating in China and South Korea, valid until October 23, 2029. The investigating authority determined that the termination of the existing AD measure is likely to lead to the continuation or reoccurrence of …
Vietnam extends AD measure on color-coated steel from China, South Korea Read More »
Shares of Chinese steelmakers rose on Monday after an industry association said it would propose new policies to policymakers to reshape the sector in the face of weak demand caused by a property slump. At the close, China’s second-largest steelmaker Anzhang Steel jumped 7.24 percent to HK$1.63, while Maanshan Iron surged 9.1 percent to HK$1.32. …
Chinese steel stocks rise after industry restructuring proposals Read More »
Malaysia plans to work with China to set up an intergovernmental mechanism to manage capacity and exchange technology in the steel industry. Deputy Minister of Investment, Trade and Industry Liew Chin Tong said the government also called for discussions on steel industry challenges and potential cooperation with China at the Association of Southeast Asian Nations …
Malaysia to set up intergovernmental mechanism with China to support steel industry Read More »
China’s steelmakers are expected to continue exporting large amounts of steel in 2025, potentially exacerbating trade tensions as they grapple with overcapacity and weak domestic demand. The country’s steel exports are expected to exceed 100 million metric tons this year, the highest since 2016, with a 21.2% increase to 80.71 million tons in the first …
In the January-September period this year, China’s rebar production totaled 145.056 million mt, down 15.7% year on year, according to China’s National Bureau of Statistics (NBS). In the given period, domestic wire rod production amounted to 100.33 million mt, declining by 4.2% year on year, while welded pipe output came to 43.995 million mt, down …
China’s rebar output down 15.7% in January-September 2024 Read More »
China is expected to account for less than half of global steel consumption in 2024, the first time in six years, according to the World Steel Association. This is due to the contraction of the country’s real estate sector, which is severely affecting demand for the metal. The World Steel Association’s forecasts indicate a divergence …
Chinese steel production and crude oil refining continued to slump in September, while output of other key commodities rose. Steel mills churned out 77.07 million tons last month, the lowest total this year, leaving production in the first nine months down 3.6%, according to the statistics bureau on Friday. Oil refining fell to a three-month …
China’s Steel Output and Crude Oil Refining Continue to Slump Read More »
The Chinese government announced the discovery of high-grade iron ore deposits in east China’s Shandong Province, with estimated reserves of about 104 million tons. The Shandong Provincial Natural Resources Administration has identified 16 high-grade iron ore deposits in the Xihe-Yuecheng area of China, Xinhua News Agency reported. High-grade iron ore typically has a total iron …
China: 104 mln tons of iron ore reserves discovered Read More »
Iron ore prices traded on the Singapore Exchange continued to rise for the fourth consecutive day during Friday’s session, exceeding $100 per ton, supported by the monetary easing measures that China began implementing this week. Singapore iron ore futures prices rose by 3.68% to $102.15 per ton at 12:27 p.m. Mecca time, extending its gains …
Iron ore prices rise more than 3.5% to exceed $100 per ton Read More »
Iron ore prices jumped during Tuesday’s trading, as China intends to take several expanded monetary easing measures to stimulate the economy and the real estate sector, which will revive demand for steel in the world’s second-largest economy. The most active iron ore futures prices on the Singapore Exchange rose by 4.74% to $93.70 per tonne …
Iron ore rises more than 4% on Chinese demand outlook Read More »
A report by the Bloomberg Intelligence economic analysis service warned that the steel crisis in China is paving the way for a wave of bankruptcies and accelerating the mergers that the sector needs. Michele Leung, a senior analyst at Bloomberg Intelligence, said that about three-quarters of steel companies in China suffered losses in the first …
Warning of a wave of bankruptcies hitting steel companies in China Read More »
South Korean steelmaker POSCO and Primetals Technologies have signed a cooperation agreement to develop and implement the HyREX demonstration plant. This is stated in the message of Primetals. As noted, the agreement, which was signed in July this year, is based on a memorandum of understanding dated 2022. The parties have now started implementing the …
POSCO and Primetals to collaborate on development of HyREX plant Read More »
Total emissions in China’s steel industry in January-July 2024 increased by 4.3% compared to the same period in 2023. This was reported by the China Steel Association (CISA). Sulphur dioxide emissions per ton of steel amounted to 0.18 kg/t (-13.4% y/y), particulate matter – 0.20 kg/t (-9.2% y/y), nitrogen oxide – 0.34 kg/t (-9.9% y/y). …
Emissions in China’s steel industry increased by 4.3% in January-July 2024 Read More »
In the January-August period this year, China’s rebar production totaled 129.685 million mt, down 15.7% year on year, according to China’s National Bureau of Statistics (NBS). In the given period, domestic wire rod production amounted to 88.568 million mt, declining by 4.5% year on year, while welded pipe output came to 38.729 million mt, down …
China’s rebar output down 15.7% in January-August 2024 Read More »
China’s steel output fell more than 10% in August from a year earlier amid falling prices and a sharp drop in demand for its products. The world’s largest steel sector experienced a bleak month last month, with China Baowu Steel Group, the world’s largest supplier of the commodity, warning of worsening conditions. With mills losing …
China’s steel crisis sends August output to lowest since 2017 Read More »
A major Chinese steel industry group has warned mills against ramping up production too quickly to avoid disrupting the post-summer economic recovery, especially after iron ore prices fell to their lowest since 2022, currently trading near $90 a tonne. The price of iron ore used in steelmaking has fallen by more than a third this …
In late August this year, the average price in China of 16-25 mm HRB 400 rebar increased by RMB 89.4/mt ($12.6/mt) or 2.9 % to RMB 3,183/mt ($448/mt), compared to the price in mid-August (August 11-20), as announced by China’s National Bureau of Statistics. In the given period, the average prices of wire rod, medium …
NBS: Local Chinese rebar prices up 2.9% in late August Read More »
China’s steel exports are set to hit an eight-year high this year, flooding the world with cheap supplies and threatening to inflame global trade tensions. The world’s largest steel producer is forecast to export more than 100 million tonnes in 2024, the highest since 2016, according to Shanghai-based consultancy MySteel, the Financial Times reported. “Steel …
China’s record steel exports threaten global trade tensions Read More »
Despite the rapid expansion of renewable energy sources, strong growth in electricity demand in key economies indicates that global coal consumption will remain largely stable in 2024-2025. This is stated in the latest report of the International Energy Agency (IEA) – Coal Mid-Year Update. In 2023, global coal consumption increased by 2.6% year-on-year, reaching a …
IEA : Global coal demand to remain flat until 2025 Read More »
The US Trade Representative has expressed strong support for Canada’s decision to impose 100% tariffs on Chinese-made electric vehicles and 25% on Chinese steel and aluminum, as she finalizes planned US restrictions at similar rates. In a statement from her office on Thursday, Katherine Tai commended Canada’s decision to take strong action against state-backed, unfair …
US supports Canada’s move to impose trade restrictions on Chinese exports Read More »
Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.
It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.
Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.
General Secretariat
Tel +21320343324 – +21320343357
Fax +21320343194
Mail: [email protected]
Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: [email protected]
