Finland-based stainless producer Outokumpu announced that its stainless steel shipments totaled 656,000 tons in the second quarter of this year, falling by 8.8% year on year. In the first half of this year, the group’s stainless ...
Tags: stainless Steel, Outokumpu
It’s reported that China’s major stainless producers Baosteel Stainless announced to remain its domestic prices for austenitic stainless steel coils unchanged for August due to more positive market outlook. After ...
Reportedly, Indian State-owned Steel Authority of India Ltd (Sail) planned to raise its annual production capacity of 50 million tons in 2022. Currently, the company’s annual production capacity is about 14 million tons and it ...
Tags: Sail, Increase Production
The American Iron and Steel Institute (AISI) reported Monday that US raw steel production rose 1.2 percent in the week ending July 20, following a 0.3 percent increase the previous week and a 3 percent increase the week prior. Total raw ...
Tags: Weekly Steel, Mineral
On July 22, Beijing-based state-owned China Metallurgical Group Corporation (MCC) announced that the new high-speed wire rod production line of Sichuan Province-based Chinese steel producer Weiyuan Iron and Steel Co. has commenced ...
Tags: Weiyuan Steel, Wire Rod Line
Australia's third-biggest iron ore producer Fortescue Metals Group Ltd (Fortescue) has announced its operating results for the second quarter of the current year. Fortescue CEO Nev Power pointed out that the company cut costs by 18 percent ...
Tags: Fortescue, Iron Ore Demand
Germany's Federal Cartel Office Bundeskartellamt has announced the imposition of further fines amounting to almost €100 million on eight rail companies in a case involving price fixing for train track rails, with Essen-based ...
Tags: Rail Cartel Case, Cartel Office
Cremona-based Italian steel producer Arvedi Group has stated it is interested in leasing Ferriera di Servola, the Trieste-based iron and coke producing unit of Italy's second-largest steelmaker Lucchini, and may subsequently buy the plant. ...
Tags: Steelmaker, Mineral
As of July 22, inventory of iron ore at 25 major Chinese ports amounted to 73.45 million mt, indicating a decrease of 0.84 million mt or 1.33 percent week on week, as announced by China's Xinhua News Agency. As of the same date, the ...
Tags: Iron Ore Inventory, Chinese Ports
Alacero, the Latin American steel association, reported Monday that apparent finished steel use was 28 million tons between January-May 2013, similar to the same period in 2012. Finished steel production reached 23 million tons, 1 percent ...
China's Ministry of Commerce (MOC) has announced that during last week (July 15-21) the average steel price in China rose by 0.3 percent compared to the previous week. In particular, in the given week prices in China of 145 mm x 20 mm hot ...
Tags: Average Steel, Slight Rise
Austria-based plantmaker Siemens Metals Technologies has announced that the new sinter plant No. 2 supplied for Taiwan-based Dragon Steel Corporation recently commenced production. The new sinter plant was built as part of the steelmaker's ...
Tags: Sinter Plant, Dragon Steel
Russian steelmaker NLMK has announced that it has held a ceremony on July 23 to mark the opening of NLMK Kaluga, its next-generation EAF mill located in the Kaluga region near Moscow. The launch of NLMK Kaluga will help tackle the ...
Russian steelmaker Severstal has announced its operational results for the second quarter of the current year. Accordingly, Severstal's crude steel output increased by five percent quarter on quarter to 4.031 million mt in the second ...
Tags: Crude Steel Output, Mineral
In June this year, global pig iron production amounted to 96.06 million metric tons, decreasing by 4.1 percent compared to May and up 3.62 percent on year-on-year basis, according to the preliminary data covering 38 countries accounting for ...