Ansteel’s Profit Decrease 97% For 2022
Liaoning Anshan Iron and Steel Co., Ltd. released its financial report for 2022, stating that its annual operating revenue was 131.072 billion yuan ($1.91 billion),...
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India’s ArcelorMittal-Nippon Steel Will Obtain A $5 Billion Mortgage From A Consortium Of Japanese Banks To Increase Manufacturing Ability in Hazira.
Luxembourg-based steelmaker ArcelorMittal said it had agreed a $5 billion deal with Japanese banks, including the Japan Bank for International Cooperation. The mortgage agreement will...
Second-half Steel Consumption in Vietnam Is Expected To Increase
Although the demand for steel in Vietnam has been slower than expected this year, with the country’s GDP expected to increase by 6.47 to 6.83%...
Second-half Steel Consumption in Vietnam Is Expected To Increase
While Vietnamese steel demand has so far been slower this year, it has the potential to improve on the back of the country’s GDP growth...
Ukraine’s Steel Industry Will Only Recover Once Seaports Are Unblocked To Enable Exports
“Therefore, the group calls on the authorities, diplomats, and international partners of Ukraine to make every effort to open the sea to Ukrainian steel,” he...
The ASEAN Billet Industry Is Stagnant Due To Negativity
Since early last week, Chinese 3SP grade 150mm billet has been reported to be sold at $610/tonne cfr Manila. A trader in Manila claims that...
Hyundai Steel Of South Korea Decreased Its Most Recent Bid Rates For Japanese Scrap On Friday
A reduction in the procurement price for H2 grade scrap trucked to Tokyo Steel’s Utsunomiya steelworks was revealed at the same time by the industry’s...
Brazil Rejects Request To Impose Anti-dumping Measures On Chinese HRC
For a maximum of five years, Brazil placed countervailing duties and AD measures on Chinese HRC in 2018. However, these were never used for the...
Egyptian Rebar Prices Continue To Rise
Market leader Ezz Steel has increased its ex-works domestic rebar price by 9.7% to EGP 32,135 ($922), with 14% VAT included. The prior price was...
Export And Import Prices Of Turkish HRC Increased
According to Turkish market news, last week China’s May delivery hot coils were quoted at USD 730-735/ton (CFR) for Turkey’s mainstream exports, an increase of...
European Mills Increase Coil Costs Even More
According to reliable sources, ArcelorMittal increased its price hints this week by an additional €20/tonne ($21), raising HRC offers to €870/t ex-works for all of...
HBIS Group Serbia Iron & Steel Will Restart Activities At Its Dormant Blast Furnace This Week
The company will reportedly run both blast furnaces, but one BF will be shut down for repairs in the summer. Due to a decline in...
