The US’s Cives starts construction of steel fabrication facility

14 February 2019 Latest Steel Market News US Steel shipments increased by 4.8% in 2018 (North America): The US steel shipments of finished and semi-finished products increased by 4.8% in 2018, American Iron and Steel Institute (AISI) reported. Steel companies sold 95.27 million tonnes of steel in 2018 compared to 90.88 million tonnes in 2017.

AISI resists Bicameral Congressional Trade Authority Act

11 February 2019 Latest Steel News Roundup AISI resists Bicameral Congressional Trade Authority Act (North America): The US steel lobby American Iron and Steel Institute (AISI) is raising its voice against legislation introduced in Congress as Bicameral Congressional Trade Authority Act 2019, which would potentially reduce President’s authority to enact tariffs by citing reasons of

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,

EU levies definitive safeguard duties on steel imports

4 February 2019 Latest Steel Market News Nickel Mines Limited produces its first nickel pig iron (Asia-Pacific): Australia-based Nickel Mines Limited has produced its first nickel pig iron from Hengjaya project. It owns 60% stakes in the project with Shanghai Decent which owns the remaining 40%. Nickel pig iron is a source of nickel and

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

ThyssenKrupp plans to shift to hydrogen-based steel production

24 January 2019 Latest Steel Market News ThyssenKrupp plans to shift to hydrogen-based steel production (Europe): ThyssenKrupp has announced a plan to shift its steel production process from coal to hydrogen by 2050, aiming to reduce emissions. The company would invest $22.7 billion to accomplish this goal in the next 30 years. Steel production accounts

Canada to impose tariffs on Vietnamese welded steel pipes

23 January 2019 Latest Steel Market News CoolSys acquires Arjae HVAC and Mechanical Services  (North America): California-based refrigeration and HVAC services company, CoolSys has acquired Arjae HVAC and Mechanical Services. Both companies specialise in HVAC installation, installation and services. Arjae also fabricates stainless steel besides other metals.   The European Union imposes 25% definitive safeguard duty on stainless steel imports (Europe): The

US Steel Kosice to build new NGOES production line in Slovakia

17 January 2019 Latest Steel Market News EU decides to limit steel imports until 2021 (Europe): Steel imports will be limited to a quota set to average imports levels in the past three years. Eurofer welcomes the safeguard measures announced by the EU on Wednesday. The quotas would be implemented cyclically with three months period

WindEurope says imports tariffs on steel can endanger the 2030 EU renewable energy target

16 January 2019 Latest Steel Market News WindEurope says imports tariffs on steel can endanger the 2030 EU renewable energy target (Europe): The EU is going to decide in the coming few days on a proposal to restrict steel imports to the EU until 2021. WindEurope claims that it would increase the prices of wind turbines up