Metallurgy news
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China's daily steel production rises in JuneThe increase in daily steel production at 318 Chinese steel mills, according to a regular survey by Mysteel, continued from mid-April from June 1 to 10, increasing another 21,900 tons per day, or 0.7% over the previous eleven days, to an average of 3.08 million tons. in a day. , according to the…
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Japan appeals to WTO over China's duties on stainless steelThe Japanese government has filed a lawsuit with the World Trade Organization (WTO) over China's (AD) anti-dumping duties on stainless steel products in Japan, saying it could violate international agreements. The Japanese government emphasized that Japan's main export products are generally priced…
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POSCO moved to 6th place in global steel productionPOSCO dropped to sixth place in global crude steel production in 2020, down one notch from 2019. Chinese steelmakers climbed the rankings, sharply increasing crude steel production as they quickly overcame the COVID-19 crisis. POSCO steel production was 40.58 million tonnes in 2020, down 5.9…
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ArcelorMittal invests in renewable energy sourcesLuxembourg-based steel company ArcelorMittal has announced its decision to invest in Heliogen, a US-based renewable energy (RES) technology company. This investment marks the completion of the first investment in the innovation fund XCarb, which began earlier in March this year. The steelmaker…
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Market Awaits Shandong Coke Control MeasuresCoke market participants are watching closely what measures the government of Shandong province in eastern China can take to keep the province's coke production under control, as part of the province’s efforts to reduce coal consumption. According to a document recently released to the market by…
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Indian government plans to auction 16 minesIndia's Chhattisgarh state government planned to auction a total of 16 units of iron ore and limestone over the next three months. These long-blocked mines have reserves of 1.192 billion tonnes, totaling nearly Rs 1.9 trillion. Chief Minister of Chhattisgarh Bhupesh Bagel asked Union Minister of…
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Biden's new round of incentives fails talks with Capito-led groupAccording to market news in the US, Joe Biden has launched a new round of stimulus talks with Shelley Moore Capito, junior US senator, and her team. The new stimulus round, which focused on investment in infrastructure, education, workforce development and climate change, was original at $ 2.25…
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China's iron ore reserves fall due to demandIron ore concentrate inventories among China's 186 mining companies, according to a Mysteel study, fell further from May 21 to June 3, by 189,400 tonnes, or 13.4%, to 1.2 million tonnes, a new low since the study began in January. 2019, as the growth as noted by market sources, the demand for these…
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ArcelorMittal Canada announces preliminary deal with United SteelworkersArcelorMittal Canada, the Canadian subsidiary of the Luxembourg-based integrated steel company ArcelorMittal, has announced a preliminary agreement with striking United Steelworkers in the Quebec region. The deal is on the terms of a potential new collective bargaining agreement. However, the terms…
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More and more coal from Russian mines will go to Asian marketsRussia will invest $ 20 billion in the coal industry. A significant increase in coal production is expected in Russia. In this context, the country looks primarily at Asian countries. Due to the expected growing absorption of these markets, Russian companies intend to significantly increase…
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