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The rate of pollution caused by major steel companies in China will decrease in Q1 of 2023

The rate of pollution caused by major steel companies in China decreased in the first quarter of 2023, according to data from the China Iron and Steel Association. The total amount of waste water disposed by major steel companies fell by 16.39 percent year on year, and sulfur dioxide emissions fell by 15.75 percent during …

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China’s rebar output down 12.8 % in January-April

From January to April this year, China’s total rebar production reached 66.306 million tons, down 12.8 percent year on year, according to the National Bureau of Statistics of China.  In the same period, the production of domestic wire rods reached 42.883 million tons, a decrease of 7.1% year-on-year, while the production of welded pipes reached …

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Japan’s Kobe Steel considers new EAF to accelerate decarbonization

Japanese steelmaker Kobe Steel is considering building an electric arc furnace to replace one of its two blast furnaces in Kakogawa, Japan, in line with its decarbonization strategy, according to a media report by Reuters. In the event of a positive decision, the furnace, which will produce high-grade steel products, will be built after 2030 …

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Fitch expects China’s steel, cement and aluminum production to recover in Q2

Fitch Ratings Agency expected steel, cement and aluminum production in China to recover, with an increase in construction activity from the second quarter of 2024, but indicated that the rise in steel and aluminum production would be greater, supported by better profit margins. The agency said that China’s crude steel production fell by 2% year-on-year …

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Steel demand in India is expected to increase by 8-10% in FY 2024/25

Demand for steel in India in fiscal year 2024/2025 (ending in March 2025) will grow by at least 8-10% compared to the previous fiscal year. This was stated by T.V. Narendran, Managing Director of Tata Steel, BusinessLine reports. He notes that India’s transformation into a net importer is temporary. India’s steel imports are mainly raw …

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Zhongshou Special Steel Group orders Arvedi ESP for transition to green steel production

The festive signing ceremony took place in Vienna on April 17 and saw participation of top-level managers from both companies along with governmental representatives. Primetals Technologies entities in Austria, China, and Germany will supply the complete mechanical scope as well as the process-related electrics and automation solution. The plant is scheduled to be in full …

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China’s steel demand expected to be weak in traditionally stronger Q2

Trade and industrial sources said that overall steel demand in China is expected to remain weak in the traditionally stronger second quarter of this year, after the country’s net exports of semi-finished steel hit their highest level in nearly eight years in March, even as production fell by last year. The sources said that steel …

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China’s steel exports almost hit 10 million mt in March, highest since July 2016

In March, China’s finished steel exports amounted to 9.888 million mt, up 37.9% month on month, according to the latest data released by China’s General Administration of Customs (GACC). The finished steel exports in March hit the highest level since July 2016, when they had totaled 10.3 million mt. The strong exports caused market players …

China’s steel exports almost hit 10 million mt in March, highest since July 2016 Read More »

New metal sanctions strengthen Russia’s dependence on China

It is expected that the US and British sanctions on Russian metals will consolidate China’s position as a last resort for purchasing basic goods from Russia, while enhancing Shanghai’s role as a center for determining prices for metals that are extremely important to the global economy. The London Metal Exchange’s ban on newly produced Russian-origin …

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India’s steel exports and imports rise in fiscal year 2023-24

India’s steel imports were initially estimated at 8.32 million tonnes in FY 2023-24, up 38% year-on-year making the country a net importer of steel, data from the Joint Plants Committee (JPC) of the Ministry of Steel showed. According to the data, India’s steel exports were initially estimated at 7.48 million tonnes during 2023-24, an increase …

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Arcelormittal Nippon Steel India Selects Danieli For A New Pelletizing Plant

Indian steel producer ArcelorMittal Nippon Steel has awarded Danieli Corus an order for a new greenfield pellet plant project, to be implemented at the Visakhapatnam site, in India. This new travelling-grate pellet plant will increase ArcelorMittal Nippon Steel pellet production capacity in Visakhapatnam from 8 to 12 Mtpy. Pelletizing plant #3 is part of the …

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Iron ore price records best weekly gains since September thanks to China’s outlook

Iron ore achieved its largest weekly rise in 6 months amid gradually increasing optimism about the chances of economic recovery in China, which is the largest crude consuming country. Chinese Premier Li Qiang downplayed the seriousness of the crises afflicting his country’s economy in a speech he delivered before the China Development Forum yesterday, Sunday, …

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Report : Emissions in China’s steel industry increased by 13% in January-February 2024

Total emissions in China’s steel industry in January-February 2024 increased by 13% compared to the same period in 2023. This was reported by the China Steel Association (CISA). Emissions of sulfur dioxide per ton of steel amounted to 0.19 kg/t (-12.6% y/y), smoke and dust – 0.20 kg/t (-9.7% y/y), nitrogen oxide – 0.35 kg/t …

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China’s steel associations call for limiting steel production

Chinese steel associations are calling for a curb on steel production to curb the rapid fall in rolled steel prices that has been observed recently due to lower-than-expected demand and weak margins at mills along with high inventories. Some associations have already announced plans to reduce steel production. In particular, on March 7, Yunnan province …

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India intends to increase steel capacity by more than 22 million tons in 2024

India’s leading steel companies, including JSW Steel and Tata Steel, plan to invest heavily in increasing steel capacity by at least 22 million tons per year in the 2024/2025 fiscal year. This was reported by Nasdaq. Indian companies are trying to increase production capacity to record levels to capitalize on growing domestic demand for steel …

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Iron ore rebounds to $100 per ton despite increasing Chinese stocks

Iron ore prices turned higher during Monday’s trading following the release of mixed data on economic activity in China at a time when the world’s second largest economy is suffering from a real estate crisis affecting demand for steel. The prices of iron ore futures contracts traded in Singapore for April delivery rose by 1.5% …

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Tata Steel chooses Danieli for pickling and galvanizing line investment

Indian steelmaker Tata Steel has ordered a combined pickling and galvanizing line from Italy-based plantmaker Danieli to install at its Tarapur mill in India, with the purpose of producing different coated grades and processing strips of different thicknesses and widths, Danieli said in a statement. Accordingly, with the investment, Tata Steel plans to enlarge its …

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China increased steel exports by 32.6% y/y in January-February 2024

In January-February 2024, Chinese steel companies increased their exports of steel products by 32.6% compared to the same period in 2023, to 15.91 million tons. The average export price amounted to $791.7/t, up 32.1% y/y. This is according to the China Iron and Steel Association (CISA). Steel imports to China in January-February 2024 amounted to …

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Iron ore prices fall to their lowest levels in 4 months with weak demand in China

Iron ore prices fell during Monday’s trading, as investors’ hopes for a recovery in Chinese steel demand after the end of the Lunar New Year holiday faded. Iron ore futures prices traded in Singapore fell by 3.5% to $115.90 per ton after touching their lowest level since October 27 earlier in the session, with the …

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China’s stainless steel production will increase by 12.6% in 2023

China’s stainless steel production increased by 12.6% in 2023 compared to 2022. Reaching 36 million tons, according to data from the Stainless Steel Council of the China Specialized Steel Council (CSSC). China’s exports of stainless steel in 2023 are estimated at 4.14 million tons, compared to 4.55 million tons in 2022. Imports to China reached …

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