Indian steel production fell 2% in August due to worsening epidemic

India’s total crude steel production in August this year was about 9.6 million tonnes, down 2.3% month-on-month, according to official statistics from India, mainly due to a worsening domestic Covid-19 epidemic. In addition, the weather in India also affected construction work from June to mid-October, which could be another reason for the decline in crude […]

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13 September 2021 10:09

Steel sales in Vietnam are growing due to exports

According to the Vietnam Steel Association (VSA), steel mills have boosted exports after facing difficulties in domestic consumption due to the COVID-19 outbreak. The association said July steel production reached nearly 2.4 million tonnes, down 6.48 percent from the previous month, and steel consumption was around 2.1 million tonnes, in line with June and 7 […]

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09 September 2021 11:09

Steel demand in China will recover in September

Steel demand in China is expected to rebound in September from the previous month, while supply will be slightly different from August, which may generally support domestic steel prices, leading to some recovery over the month, says Wang Jianhua. , chief analyst at Mysteel in his monthly survey. forecast. China’s macroeconomic performance in July-August was […]

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03 September 2021 09:09

Volvo buys fossil-free steel

The Swedish steel producer SSAB Oxelösund has delivered the world’s first non-fossilized steel products to its first customer, the Volvo Group. The product was manufactured in northern Sweden using Hybrit technology developed by SSAB in partnership with iron ore miner LKAB and utility Vattenfall. This technology uses hydrogen, which does not contain fossil hydrocarbons, instead […]

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25 August 2021 09:08

Steel production in the ASEAN region is growing steadily

The Association of Southeast Asian Nations (ASEAN) recently kicked off the latest wave of steel expansion, in which Malaysia initiated an engineering project to build new production facilities. Malaysian officials said the steel plant is projected to invest about US $ 3.269 billion and will be operational by the end of 2024 with an annual […]

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17 August 2021 14:08

Global steel production exceeded 1 billion tonnes in the first half of the year

According to Worldsteel (WSA), in June 2021, the total steel production in the countries of the world amounted to 167.9 million tons, which is 11.6% more than in June last year. Metallurgical production continues to demonstrate high growth rates since the beginning of the year. In total, in the first half of 2021, the global […]

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28 July 2021 09:07

Indian steel production to rise to 150 million tonnes in fiscal year 21-22

According to a report by ICRA Limited (ICRA), India’s rating agency, India’s steel industry continues to grow this year with new factories commissioned. India’s steel production was reported to be projected at 150 million tonnes by the end of the current fiscal year ending March 31, 2022. The forecast was for JSW Steel’s plan to […]

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13 July 2021 11:07

Export duties from China and Russia stimulate the rise in prices for stainless steel

After Taiwan’s steel mills raised prices, market prices for stainless steel rose correspondingly. Market participants noted that this was mainly due to an increase in export duties from China and Russia. China has previously canceled the export duty exemption. While no date has yet been set for the next increase in export duty, the likelihood […]

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06 July 2021 10:07

Stainless steel on its way to a production record

Stainless steel production has been set to a record this year. After last year’s fall, it is expected to surpass 8 percent this year, higher to reach 55 million tonnes. Several steel mills, which closed during the peak of the pandemic, have resumed operations. However, according to market monitor MEPS International, demand continues to outstrip […]

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14 June 2021 12:06

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