INDIA: EXPORTS OF FINISHED STEEL PLUMMET IN JUNE 2022 India's completed steel exports for June decreased 53 percent year over year to 0.64 million tons from 1.4 million tons in the same period last year due to the government's export levy, a slowdown in ...
AMERICAN BUSINESS MODERNIZES ROLLING MILL AT IOWA FACILITY At Gerdau Wilton in Iowa, USA, AIC North America has successfully finished commissioning the initial drive upgrade phase. Replacement of stands 1, 2, 3, and 11 drives, as well as the activation of new...
IN THE PERIOD BETWEEN APRIL AND JUNE 2022, INDIA'S STEEL PRODUCTION INCREASED BY 16 PERCENT During April to June 2022, JSW Steel reported a 16 percent increase in its combined crude steel output, which totaled 5.88 million tons. According to a statement from the company, production for the s...
SWISS STEEL MAKES A HYDROPOWER INVESTMENT IN AN EFFORT TO REDUCE CARBON EMISSIONS AT THE STEELTEC PLANT A special steel mill in central Switzerland will be powered solely by green electricity thanks to a purchase Swiss Steel Group will make from renewable energy generator Axpo Holding AG of hydropower. ...
US MODERNIZES ROLLING MILL AT FACILITY IN IOWA At Gerdau Wilton in Iowa, USA, AIC North America has successfully finished commissioning the initial drive upgrade phase. Replacement of stands 1, 2, 3, and 11 drives, as well as the activation of new...
DELIVERIES FROM INDIA'S STEEL WERE HAMPERED BY EXPORT TAXES IN Q1 FY23 Due to the government's May tariff on steel exports, Tata Steel India saw a two percent YoY decline in overall deliveries. Tata Steel reported provisional production and delivery figures for the first...
PHILIPPINES TO COMMISSION NEW MELT SHOP IN BATANGAS Recently, SteelAsia Manufacturing Corporation, the premier steel manufacturer in the Philippines, and Tenova, a leading developer and provider of sustainable solutions for the green transition of the ...
AN INDIAN STEEL BUSINESS SUCCESSFULLY ACQUIRES NINL According to the Ministry of Finance, Tata Steel Long Products has acquired Neelachal Ispat Nigam Limited (NINL), completing the strategic disinvestment process. Metals and Minerals Trading Corporatio...
HIGHEST LEVEL OF ORDERS RECEIVED IN A DECADE BY GERMANY'S STEEL GROUP The equipment manufacturing company SMS group, with its headquarters in Germany, nearly doubled its order intake to reach EUR 3.507 billion (USD 3.66 billion) in the 2021 fiscal year, marking the high...
SOUTH AFRICA'S IMPORTS OF STEEL IN 2021 HIT HISTORIC LEVELS According to a recent Steel Report released by the South African Iron and Steel Institute (SAISI), South Africa imported record amounts of primary steel in 2021, amounting to close to 1.7 million tons...
AS WORRIES OF A SEVERE GLOBAL ECONOMIC SLOWDOWN SPARK SELLOFF, IRON ORE AND STEEL FUTURES DECLINE IN CHINA Despite evidence of a recovery in industrial activity in China, the world's largest consumer of metals, iron-ore and steel prices fell on Friday as worries of a decline in demand for commodities were ...
AS DEMAND INCREASES, INDIA;S REBAR PRICES INCREASED BY USD 25 PER TON The price of India domestic rebar has increased by INR 2,000 (USD 25) per ton as a result of aggressive buying and higher spot demand. However, if trade sources are to be believed, prices have remaine...
