IN H2 2023, TURKEY COULD RESTORE ITS COMPETITIVENESS The major subject of conversation at a news conference organized by the Turkish Steel Exporters' Association (B) today was the effect of power costs and world events on the production and exports of t...
IMPORTS OF STEEL INTO VIETNAM DECREASED BY 1.7% IN DECEMBER COMPARED TO NOVEMBER According to statistics released by Vietnam's General Department of Customs, the country imported 946,716 mt of steel in December of last year, down 1.7% from November, while 206,380 mt of scrap was i...
WHILE STEEL PRICES FELL BY 24.8 PERCENT IN DECEMBER, PRODUCER PRICES IN MEXICO INCREASED BY 5.3 PERCENT In Mexico, producer prices rose 5.3 percent over the previous year in December. However, SteelOrbis' examination of data released Monday by the national statistics office Inegi shows that producer pri...
US RAW STEEL OUTPUT DECREASED BY 0.4% WEEK OVER WEEK The US produced 1,595,000 net tons of domestic raw steel in the week ending January 7, 2023, with a capacity utilization rate of 71.3 percent, according to the American Iron and Steel Institute (AISI)...
DECEMBER SAW A DECREASE IN BRAZILIAN SHIPMENTS OF NIOBIUM FERROALLOYS According to customs data, Brazil shipped 6,786 mt of niobium ferroalloys in December compared to 8,175 mt in November. Shipments in December were made to Asia (4,840 mt), Europe (1,431 mt at $26,088/...
BRAZILIAN VEHICLE SALES IN 2022 WILL MARGINALLY DROP DESPITE RISING OUTPUT According to the industry group Anfavea, the Brazilian auto industry finished 2022 with 2.37 million units manufactured, 5.4 percent higher than in 2021, with 195,100 units (cars, trucks, and buses) p...
LOW-CARBON STEEL WILL BE PROVIDED BY ARCELORMITTAL TO THE EMW STEEL SERVICE FACILITY The Luxembourg-based steelmaker ArcelorMittal has announced that it would begin supplying low-carbon emission steel and certifications for carbon savings to the steel service center EMW Stahl Service ...
ACCORDING TO TATA STEEL, THE UK REQUIRES MORE THAN 10 MILLION METRIC TONS OF STEEL TO BECOME ENERGY INDEPENDENT According to recent data published by Tata Steel UK, a division of Indian steel maker Tata Steel, the UK would require more than 10 million metric tons of steel in the coming years to become more ener...
IN ABU DHABI, DANA STEEL AND KEZAD WILL BUILD A NEW COLD ROLLING COMPLEX Dana Steel, a steel coil and sheet re-rolling business located in the United Arab Emirates, and Khalifa Economic Zones Abu Dhabi (KEZAD) have come to terms on the construction of Abu Dhabi's first col...
NOVEMBER SAW A 17 PERCENT DECLINE IN US STEEL IMPORTS US monthly steel imports fell by 17.0 percent from October to total 1,820,442 mt in November 2022, according to preliminary census statistics from the US Department of Commerce. A year-over-year compa...
IN NOVEMBER, THE PRODUCTION OF INDIA'S EIGHT CORE SECTORS INCREASED BY 5.4% According to official data released on Monday, the eight industries in India that are considered to be "key sectors" saw a production rise of 5.4 percent in November of last year compared to 3.2 perce...
BASE METAL EXPORTS FROM SOUTH AFRICA INCREASED BY 21.8% FROM JANUARY TO NOVEMBER The value of South Africa's exports of basic metals and products made from them in November of last year was ZAR 19.11 billion ($1.12 billion), up 36.4 percent from October of the same year, according...
