Hybrit: Vattenfall, SSAB and LKAB sustainable steel production

2 April 2019 Vattenfall, SSAB and LKAB to develop a pilot plant for sustainable steel production (Europe): The three Swedish giants are working on the project Hybrit since 2016 to develop fossil free steel production method by 2035. The joint venture will soon start construction works on the experimental plant for Hybrit in Sweden.   

China to continue steel production cuts

1st April 2019 China to continue steel production cuts in Q2 (Asia Pacific): Local governments in Tangshan and Handan plans to continue steel production cuts in the second quarter of 2019 to improve the air quality in the cities.   Vale shipments of iron ore to drop in 2019 (Central and South America): Vale forecasts

ArcelorMittal to halt iron ore production in Bosnia

4 March 2019 ArcelorMittal Bosnia to halt iron ore mining in Bosnia (Europe): ArcelorMittal would stop iron ore production at Bosnian mines following the failure of transportation deal with a local railway. It also operates a steel plant in Bosnia, steel production there will not be immediately affected after the iron ore output halt. India

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

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

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

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

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

Growing nickel production in China and Indonesia likely to underpressure prices

31 January 2019 Latest Steel Market News Growing nickel production in China and Indonesia likely to underpressure prices (Asia-Pacific): Nickle prices are expected to remain subdued due to the upcoming supply of low-grade nickel pig iron in China and Indonesia. Commodity Inside understands that there are some planned smelter expansions in some of these key