India’s JSW Steel sees exports at more than 10% of 2022/23 sales

Mining News Pro - India’s JSW Steel expects its exports to pick up in the current quarter through March, boosted by the withdrawal of an export tax and robust demand from the Middle East and Asia, a senior company executive said on Saturday.

Japan’s Jan-March crude steel output seen falling 4.0% year-on-year

Mining News Pro -Japan’s crude steel output in the January-March quarter of 2023 is forecast to fall 4.0% from a year earlier to 22.10 million tonnes, the Ministry of Economy, Trade and Industry (METI) said on Thursday.

Destroyed Ukrainian Energy Grids Impact Steel Production

Mining News Pro - Many Russian offensive measures have targeted the Ukrainian energy network.

Sinosteel, China Baowu restructuring vital to steel industry: official

Mining News Pro -The strategic restructuring of Sinosteel Group Corporation Limited and China Baowu Steel Group Corporation is of great significance to the layout and modernization of China's iron and steel industry, an official said Friday.

India plans to double steel production capacity by 2030

Mining News Pro -The Union Minister of Steel and Civil Aviation, Jyotiraditya Scindia has urged the Indian steel industry to move towards green and low carbon emitting production processes. The minister emphasized on the growing role of steel as the foundational force for the development of a nation.

Steel industry united in opposing bloc’s carbon border levy

Mining News Pro -"If the steel industry complains, it either means that it does not want to decarbonise or that it has not read the text," conservative German MEP Peter Liese told a press conference on Monday (19 December).

UK proposes measures on stainless steel from India be removed

Mining News Pro -The UK TRA has proposed that countervailing measures on Stainless Steel bars and rods from India be revoked.

China's steel sector awaits demand rebound

Mining News Pro -China's steel output and prices in 2023 will be driven by the level of demand recovery compared with 2022, with infrastructure investment unlikely to increase while the outlook for property sector-driven demand remains uncertain.

Nippon Steel to start making low-carbon ingredients for green steel

Mining News Pro -Japan's Nippon Steel Corp (5401.T) plans to start making low-carbon raw materials, such as "reduced iron" produced using hydrogen, to meet growing demand for so-called green steel, it said on Thursday.

World’s second-largest steel producer India to also become its most responsible through green steel adoption, says Jyotiraditya Scindia

Mining News Pro - The steel minister indicated the country may be looking at making it compulsory for steelmakers to dedicate a certain percentage of their capacity to green steel as well as encouraging its usage in government projects.

India imposes anti-dumping duty on stainless steel tube imports from China

Mining News Pro - India has imposed an anti-dumping duty on stainless steel seamless tubes and pipe imports from China for five years to remove "injury" to the domestic industry, according to a government notification.

UK proposes measures on stainless steel from India be removed

Mining News Pro -The UK TRA has proposed that countervailing measures on Stainless Steel bars and rods from India be revoked.

Increase in coal prices as a result of increased demand for steel

Mining News Pro - Restocking demand, Australian weather and the strength in global steel demand recovery are likely to drive seaborne coking coal prices in the Asia-Pacific in coming weeks after the spot market fell below $250/t fob Australia in November.

California Steel Industries to Build Galvanizing Line at Fontana Mill

Mining News Pro - Nucor Corporation (NYSE: NUE) announced today that California Steel Industries, Inc. (CSI) will build a continuous galvanizing line at its mill in Fontana, California.

Steel mills reduce prices of auto-grade offerings

Mining News Pro -lowdown in export markets, global recessionary pressures steer the shift

Economic and social impact of the steel industry

Mining News Pro - Steel plays a vital role in the modern world. In addition to being one of the most important materials for building and infrastructure, steel is the enabler of a wide range of manufacturing activities. It also creates opportunities for innovative solutions in other sectors and is indispensable in research and development projects around the world.

Steel in automotive

Mining News Pro - On average, 900 kg of steel is used per vehicle.

Steel in automotive

Mining News Pro - On average, 900 kg of steel is used per vehicle.

Steel construction market

Mining News Pro - At the end of 2022, steel prices and the cost of logistics have significantly decreased, which should contribute to demand

US steel market expects no impact from new rules against Section 232 tariffs

Mining News Pro - The US steel industry has mostly dismissed the recent World Trade Organization ruling against Section 232 tariffs on steel and aluminium imports and does not expect it to have much, if any, impact on the market

Raw Materials Of Steel Industry

Mining News Pro - Today, it is estimated that the global steel industry used about 2 billion tonnes of iron ore, 1 billion tonnes of metallurgical coal and 575 million tonnes of steel scrap to produce about 1.7 billion tonnes of crude steel.

Will global steel market to normalize in 2023?

Mining News Pro - Global markets will recover, except for China, to the same level as in 2021

In January-November 2022

China reduced steel production

Mining News Pro - During this period, the production of steel products fell by 0.7% y/y, and pig iron – by 0.4% y/y

India antitrust agency raids steel firms for alleged price collusion

Mining News Pro - India's antitrust watchdog is raiding offices of small-scale steel companies for alleged price collusion of steel products used in construction, two sources with direct knowledge told Reuters.

Tata Steel executes implosion of two obsolete units in Jamshedpur coke plant

Mining News Pro - The two obsolete units in the coke plant will be replaced with newer versions, which are equipped with the latest technology and are environment-friendly, the company said.

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