ThyssenKrupp seeks an extension from EC on Tata Steel merger dialogues

21 March 2019 ThyssenKrupp seeks an extension from EC on Tata Steel merger dialogues (Europe): ThyssenKrupp applied for an extension of eight working days to finalise the ongoing negotiations with European Commission regarding planned merger with Tata Steel. The merger plan is under EC investigation since October 2018. CMI will supply an annealing plant to

Crude steel production in China increased by 9.2% in Jan-Feb

14 March 2019 Crude steel production in China increased by 9.2% in the first two months of 2019 (Asia Pacific): Crude steel production in China reached 149.58 million tonnes in the first two months of 2019. The production increased by 9.2% year-on-year, according to China’s National Bureau of Statistics (NBS).   Court fines Japan’s Kobe

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

ArcelorMittal is ready to take over Essar Steel

11 March 2019 ArcelorMittal is ready to take over Essar Steel (Asia Pacific): ArcelorMittal is ready to take over Essar Steel as Indian bankruptcy court National Company Law Tribunal (NCLT) has approved. Essar Steel has 10 million tonnes capacity which would eventually go to ArcelorMittal if all goes accordingly. Iranian steel exports declined by 51%

ArcelorMittal develops advance grade steel for autos

22 February 2019 Latest Steel Market News India tries to provide equal opportunities to primary and secondary steel producers (Asia Pacific): The Indian government has announced to stop the practice of steelmaker classification into integrated, primary and secondary in tenders. The government instructed all relevant departments to avoid such classification restrictions in tenders published by

The US DoC submits auto tariff investigation report to the President

18 February 2019 Latest Steel Market News Iran’s DRI production exceeds  21 million tonnes (Middle East): Direct reduced iron (DRI) production in Iran reached in total over 21 million tonnes in ten months for the period 21 March 2018 to 21 January 2019. The period is based on the Iranian Islamic calendar. The output increased 27% from the same period of the previous year.   The US DoC submits auto

Indonesia expects $900 million investment in the automotive industry

13 February 2019 Latest Steel Market News Indonesia expects $900 million investment in the automotive industry (Asia Pacific): Indonesian Industry Ministry reveals that numerous investors committed to investing around $900 million in the country’s automotive sector. It is expected that half of their products will be exported, while the remaining half would be sold in the

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

Indian stainless steel imports from Indonesia soared in 2018-19

6 February 2019 Latest Steel Market News Indian stainless steel exports increased considerably in 2017-18 (Asia Pacific): Stainless steel exports of India reached 890k tonnes in 2017-18, compared to just 660k in 2016-17. The Indian government also issued quality control orders, banning the manufacturing and imports of defective and substandard stainless steel products.   Indian

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,