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

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

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

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

Nickel prices rise after the dam collapse

7 February 2019 Latest Steel Market News Sooner acquires OCTG supplier CTAP (North America): Marubeni-Itochu Steel Group’s subsidiary Sooner Inc. has signed an agreement to purchase 100% share in OCTG supplier company CTAP, LLC. The deal will allow Sooner to acquire all 11 CATP service centres in the US. Schmolz + Bickenbach opens service facility

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

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

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,