Turkish crude steel output decreased in January by 19.5%

5 March 2019 Turkish crude steel production fell by 19.5%  in January (Europe): Turkish crude steel production declined 19.5% year-on-year in January to 2.6 million tonnes according to Turkish Steel Producer’s Association (TCUD). Steel exports volume dropped 18.2% to 1.9 million tonnes whereas exports in value terms rose by 10.1% to $1.4 billion. Imports also

Japan steel exports decreased by 19% in January

28 February 2019: Japan steel exports decreased by 19% in January (Asia Pacific): Japan’s steel exports in January 2019 decreased by 19.2% compared to January 2018, to 2.49 million tonnes. Exports also decreased by 13.7% month-on-month, according to the Japan Iron & Steel Federation.   India’s crude steel production decreased 2% in January (Asia Pacific):

Chinese stainless steel net exports increased in January

27 February 2019 Chinese stainless steel net exports increased in January (Asia-Pacific): Chinese stainless steel net exports reached around 185k tonnes, registered an increase of 43% year-on-year. Drilling down further, Chinese stainless steel imports decreased by 41.78% and stood at 134k tonnes in January while the exports dropped 11.1% resulted in 319.5k tonnes. The Chinese

Steel production in Japan has declined but demand stable

25 February 2019 Crude steel production in Japan reached ten years low in January (Asia Pacific): Japanese crude steel production in January decreased by 9.8% year-on-year and fell 3.8% month-on-month to 8.14 million tonnes, the lowest since July 2009, according to data released by Japan Iron & Steel Federation (JISF). The supply side issues were

Indian Steel Production declined in Jan 2019

12 February 2019 Latest Steel Market News South Korean vehicle production dived three years low in 2018 (Asia Pacific): Automotive production in South Korea decreased for the third successive year in 2018. The country’s vehicle production reached three low to 4.03 million units last year, down by 2.1% year-on-year.   ŠKODA AUTO starts production of

Section 232 helps US crude steel production

29th January 2019 Latest Steel Market News Section 232 helps US crude steel production (North America): The US crude steel production up by 6.2% year-on-year in 2018, which was also well above the global growth rate of 4.6%. Restraints on steel imports have been prompting capacity restarts and expansions since section 232 imposed.   Tata

Chinese stainless steel production increased by 3.62% in 2018

28 January 2019 Latest Steel Market News Chinese stainless steel production increased by 3.62% in 2018 (Asia-Pacific): Crude stainless steel production in China reached 26.71 million tonnes in 2018, an increase of 3.62% from 2017, according to the Stainless Steel Council of China Special Steel Enterprises Association (CSSC). The output of four stainless steel products,

Tsingshan Holding is to set up a battery plant in India in parallel with its construction of a stainless steel plant

21 January 2019 Latest Steel Market News Tsingshan Holding is to set up a battery plant in India in parallel with its construction of a stainless steel plant (Asi-Pacific): The Chinese steelmaker and electric vehicle battery maker, Tsingshan Holding is set to build $3 billion electric battery plant in Gujarat, India in partnership with Chromeni Steel. Tsingshan Holding has already been developing a stainless plant at Gujarat, India. The stainless steel project is in partnership with

15 January 2019Hebei to cut 14 million tonnes of steel capacity in 2019

15 January 2019 Latest Steel Market News Hebei to cut 14 million tonnes of steel capacity in 2019 (Asia Pacific): Hebei, the largest Chinese steel-producing province, to cut 14 million tonnes/year steel production capacity in 2019. The governor of Hebei, Xu Qin, revealed the plan while presenting government work report yesterday. In 2018, the province was succeeded to cut 12.3 million tonnes per

Citic further consolidates its special steel business segment

3 January 2019 Latest Telecom News Citic further consolidates its special steel business segment (Asia Pacific): Daye Special Steel Co which is 58.13% indirectly owned by Citic Ltd. signed an agreement to acquire an 86.5% stake in Xingcheng Special Steel Works Co. Ltd. for ~23.18 billion yuan. CITIC already indirectly owns 90% shares in Xingcheng Special Steel which