China to use satellites to curbing steel overcapacity

4 April 2019 China to use satellite remote sensing for curbing overcapacity in steel (Asia Pacific): China plans to inspect Hebei and Tianjin regions to stop non-regulated steel production, according to the country’s Ministry of Industry and Information Technology. The country will also use satellite remote sensing to get information about unwanted steel production.  

Mexico would reject the steel quota offer from the US

28 March 2019 Mexico would reject the steel quota offer from the US (North America): Mexico is likely to reject any quota based trade proposal from the US for resolving trade issues, according to Mexico’s deputy economy minister.   Vietnam’s steel exports value increased by 5.8% in Q1 2019 (Asia Pacific): Vietnam steel exports reached

Etihad Rail announces the 2nd stage of UAE National Rail Network

12 March 2019 UAE National Rail Network: Etihad Rail awards $408 million contracts for Stage Two railway network (Middle East): UAE’s Etihad Rail awarded $408 contract of the second stage of the UAE National Rail Network.  The package A of 2nd stage is awarded to a joint venture of China State Construction Engineering Corporation (CSCEC) and

Hebei steel capacity cuts targets are set for 2019 and 2020

7 March 2019 Hebei province sets capacity cut target for 2019 and 2020 (Asia Pacific): Hebei province, the hub of Chinese steel production, announced to cut 14 million tonnes of steel making capacity in both 2019 and 2020. Regardless of previous capacity cuts in the province, production increased 50 million tonnes since 2014 and reached

Peru longs steel industry to see capacity additions

6 March 2019 Peru long steel industry to be supported by a new billet caster from SMS (Central and South America): A Peruvian based steel producer, Corporación Aceros Arequipa S.A. (CAASA), has ordered a six strand billet caster from SMS group for its new steel mill. The plant is expected to start production by 2020

US steel mills output down week-on-week

20 February 2019 Latest Steel Market News NSSMC ramps up crude steel production (Asia Pacific): Japan’s Nippon Steel & Sumitomo Metal Corporation is ramping up of crude steel production at its Wakayama Works with recently started new blast furnace No.2. The new blast furnace is to add 500k tonnes/year capacity of crude steel to the

Turkey urges the US to roll back its tariffs on Turkish steel

8 February 2019 Latest Steel Market News India to first time use stainless steel in its railway bridge (Asia-Pacific): Rail Vikas Nigam Limited, a Chennai-based engineering company associated with Indian Railways, has decided to use stainless steel beams as an integral component in the new Pamban bridge. The bridge is located in a highly corrosive

Canadian provinces urge Ottawa  to tariffs on the steel  and aluminium

5 February 2019 Latest Steel Market News JFE to slash production due to maintenance issues Japan’s JFE which is operating around eight blast furnaces across Japan, three of them are facing issues. This would result in a lost of 1.4 million tonnes of crude steel in total. Blast furnace No. 2 at the Kurashiki area,

Trump signs executive order to further support the domestic steel industry

1 February 2019 Latest Steel Market News Jindal Stainless to recycle stainless scrap with Cosmos Green (South Asia): The Indian stainless steel giant, Jindal Stainless plans to recycle scrap metal in collaboration with Cosmos Green, a UAE-based metal recycling company. The partnership is expected to recycle a significant amount of scrap in the coming years.

China plans to slash 20 million tonnes of steel capacity in 2019

30 January 2019 Latest Steel Market News SpaceX plans to build a stainless steel rocket (North America): SpaceX, a private American aerospace manufacturer based in California, plans to build a rocket ship which would be made of stainless steel substituting the more expensive carbon fibre composites. The rocket is expected to endure 1500 degrees Fahrenheit