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Indonesia is the world’s second largest exporter of stainless steel

Indonesia has evolved from a country only importing stainless steel in the past to the second largest stainless steel exporter in the world. Indonesia received a lot of investment because Indonesia supported foreign-invested companies to build factories and protect the interests of foreign investors. It was reported that Indonesia will continue to advance downstream nickel […]

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01 June 2021 12:06

JSPL Records Highest Steel Output Ever

Jindal Steel & Power Limited (JSPL) recorded the highest steel production in the fourth quarter of fiscal 21. The volume of production, including pig iron, amounted to 2.07 million tons, which is 35% more than in the previous year. JSPL Standalone reported a record EBITDA of Rs 4,884 crore. The company posted its highest-ever quarterly […]

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24 May 2021 10:05

In China, steel exports grew by 24.5%, imports – by 16.9%

China exported 25.7 million tonnes of finished steel in January-April 2021, up 24.5% over last year, while imports totaled 4.9 million tonnes over the same period, up 16.9% more than last year, according to the latest statistics from the General Administration of Customs of China (GACC). May 7 showed that the growth rate is basically […]

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12 May 2021 12:05

Steel industry hopes for strong growth in 2021

The disastrous year 2020, after creating one of the greatest problems of the century, has come to an end, and hopelessness has been reversed with a lot of positives. The feeling of well-being seems short-lived, however, as the second wave of the pandemic ravages parts of the country and threatens to spread at supersonic speed […]

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27 April 2021 12:04

Volvo and SSAB intend to produce stainless steel vehicles

Truck maker Volvo AB said Thursday that it has signed a cooperation agreement with Swedish steel company SSAB AB to research, develop, mass produce and commercialize stainless steel vehicles. Volvo said it plans to start production of concept cars and components from SSAB-produced steel using non-fossil electricity and hydrogen this year, with plans to start […]

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13 April 2021 09:04

World steel production increased by 6.6%

World crude steel production in 64 countries reporting to the World Steel Association (worldsteel) amounted to 315.0 million tonnes in the first two months of this year. This is a 6.6% increase over production for the corresponding two-month period in 2020. The largest regional steel producer during this period was the Asia and Oceania region, […]

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30 March 2021 10:03

World metallurgy left behind the phase of falling demand

The 4.8% increase in global steel production in January is a positive development for the steel market. Has the steel industry left behind a phase of declining demand, adding new capacity not finding an adequate market, falling prices, rising production costs and, consequently, a prolonged period of bad Ebitda? Without a doubt, the Covid 19 […]

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15 March 2021 10:03

Stainless steel production in China to exceed 30 million tons in 2020

Stainless steel production in China is expected to grow 2.1% this year to over 30 million tonnes amid strong demand for the corrosion-resistant metal, an industry official said Thursday. Apparent consumption of stainless steel in China, the largest market, will grow 6.4% this year to 25.5 million tonnes, Liu Fuxing, executive vice president of the […]

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02 December 2020 16:12

NSSC Raises Stainless Steel Sheet Prices For November

Nippon Steel Stainless Steel Corporation (NSSC) announced that its contract price for cold rolled nickel and 300 series stainless steel sheets for sale in the domestic market in November will be increased by ¥ 5,000 per tonne. This was the fifth consecutive month that the quoted price has risen since June, reflecting the rise in […]

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02 December 2020 16:12

USA postpones preliminary decision on pipes from Russia, Ukraine and some other countries

The US Department of Commerce (USDOC) has postponed an Anti-Dumping Preliminary Decision (AD) on imported seamless standard, line and pressure pipes made of carbon and alloy steel (SSLPP) from Russia, South Korea and Ukraine from the scheduled December 15. until February 3 at the request of the applicant. The initial investigation was initiated on the […]

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02 December 2020 16:12