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May Steel Shipments Up 46.2 Percent From Prior Year

2021-07-20 16:16:23

WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) reported today that for the month of May 2021, U.S. steel mills shipped 7,987,038 net tons, a 46.2 percent increase from the 5,461,851 net tons shipped in May 2020. Shipments were up 1.8 percent from the 7,845,008 net tons shipped in ...
Steel minister reviews PSU performance

2021-07-13 14:26:23

The steel minister on Monday held a virtual conference with SAIL chairmar and CMDs of NMDC and MECON, to review the activities and performance of these state-owned entities, the Ministry of Steel said in a statement.In the meeting, heads of the PSUs made presentations to inform about thei organisati...
China's reining in of steel exports having little impact on global prices: observers

2021-07-13 14:25:27

China's steel exports are expected to drop as the country's government takes a series of actions to stem the unusual spike of bulk commodity inflation. However, experts say that while the restrictions will dampen the business of Chinese steel exporters, it is unlikely to ripple across the internatio...
BREAKING NEWS: China cancels steel export tax rebates

2021-07-13 14:23:59

After the long wait and market speculation, China's governing bodies have finally announced the list of the steel products that will no longer enjoy any tax rebates when exporting, and the new measure will be applied to "the export date specified in the Customs declaration forms", the joint ...
China scraps tariffs on some steel products to curb iron ore prices

2021-07-13 14:21:53

China announced on Wednesday that it would scrap tariffs on certain steel products and raw materials starting on May 1, in a bid to curb iron ore consumption amid skyrocketing prices that have hurt domestic businesses, while benefiting foreign suppliers such as Australia. The Tariff Commission of ...
Tata Steel June quarter crude steel output jumps over 43%; sales up 35%

2021-07-13 14:15:36

TATATATA STEELSteel major Tata Steel NSE 0.47% has posted an over 43 per cent jump in its consolidated crude steel output at 7.94 million tonne (MT) during the quarter ended June 30, 2021.Tata Steel India deliveries increased by 42 per cent to 415 MT from 293 MT a vear ago.During the April-June ...
Highway construction companies seek curbs on steel exports as domestic prices surge

2021-06-30 09:17:05

Highway construction companies have urged the government to impose curbs on export of steel, saying domestic prices of the commodity have surged, inflating the cost of projects. Industry experts said the capital cost of highway projects could rise by up to 10% on the back of surging steel prices and ...
German flat steel stocks rebound in May for first time since ...

2021-06-30 09:15:35

Flat steel stocks at German stockholders grew in May for the first time since August 2020 from historic low, according to data from German steel stockholder association BDS. Average flat steel stocks in May rose 6.7% month on month to 1.1 million mt, still at comparatively low levels amid tightness ...
Global Steel Production Surges As China Output Hits All-Time ...

2021-06-30 09:14:11

Global crude steel production shot up in May on a spike in production from China the worlds biggest steel producer to a new record high. A rise in output was also witnessed across other major producers for the month with India, Japan and the United States seeing the biggest gains. According to the ...
Baosteel cuts main steel products prices

2021-06-30 09:13:24

China's biggest listed steelmaker Baoshan Iron & Steel Co Ltd will slash the prices of its main products for September bookings by up to 3.4 percent, the third reduction in a row since June, indicating a lack of market confidence in the short run. The Shanghai-based manufacturer will cut hot-rolled ...

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