Peru longs steel industry to see capacity additions

6 March 2019 Peru long steel industry to be supported by a new billet caster from SMS (Central and South America): A Peruvian based steel producer, Corporación Aceros Arequipa S.A. (CAASA), has ordered a six strand billet caster from SMS group for its new steel mill. The plant is expected to start production by 2020

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

UAE increased import duties on long products

22 January 2019 Latest Steel Market News Tenaris acquires substantial stakes in Saudi Steel Pipe Company (Middle East): Tenaris S.A completed its acquisition of 47.79% share in Saudi Steel Pipe Company (SSP), a welded steel pipe manufacturer located in Saudi Arabia. SSP has a production capacity of 360k tonnes/year.   NASSCO opens an automated steel

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

China to ban new steel project expansions

10 January 2019 Latest Steel Market News China to ban new steel project expansions (Asia Pacific): China’s minister of industry and information technology, Miao Wei, told the official Xinhua agency in an interview on Thursday 10th January that its ministry will “strictly prohibit” the expansion of new iron and steel projects in 2019. Such a ban has

Nucor to develop $1.35 billion steel plate mill in the US

7 January 2019 Latest Steel Market News Nucor to develop $1.35 billion steel plate mill in the US (North America): Nucor Corporation plans to invest $1.35 billion in building steel plate mill in the US Midwest. The plant is expected to produce 1.2 million tonnes/year of steel plate and will be fully operational by 2022. Nucor has