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Industrial News

Global crude steel production increased by 0.6% year-on-year in August
by admin on 20-10-09
On September 24, the World Steel Association (WSA) released August’s global crude steel production data. In August, the crude steel output of 64 countries and regions included in the World Steel Association’s statistics was 156.2 million tons, an increase of 0.6% year-on-year, the fir...
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China’s post-coronavirus construction boom shows signs of cooling as steel output slows
by admin on 20-09-27
A surge in Chinese steel production to meet a post-coronavirus infrastructure building boom may have run its course for this year, as steel and iron ore inventories pile up and demand for steel declines. The fall in iron ore prices over the past week from a six-year high of nearly US$130 per dry ...
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Japan’s carbon steel exports in July fell 18.7% year-on-year and increased 4% month-on-month
by admin on 20-09-22
According to data released by the Japan Iron & Steel Federation (JISF) on August 31, Japan’s carbon steel exports in July fell 18.7% year-on-year to around 1.6 million tons, marking the third consecutive month of year-on-year decline. . Due to the significant increase in exports to China, Jap...
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China’s rebar price down further, sales retreat
by admin on 20-09-14
China’s national price for HRB 400 20mm dia rebar dipped for the fourth straight day, down another Yuan 10/tonne ($1.5/t) on day to Yuan 3,845/t including 13% VAT as of September 9. On the same day, the country’s national sales volume of major long steel products comprising rebar, wire rod and ba...
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The Brazilian Steel Association says the capacity utilization rate of the Brazilian steel industry has risen to 60%
by admin on 20-09-08
Brazilian Iron and Steel Industry Association (Instituto A?O Brasil) stated on August 28 that the current capacity utilization rate of the Brazilian steel industry is about 60%, higher than the 42% during the April epidemic, but far from the ideal level of 80%. Brazilian Steel Association Preside...
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China mills’ steel stocks climb by another 2.1%
by admin on 20-09-07
Stocks of the five major finished steel products at the 184 Chinese steelmakers the surveys weekly continued to swell over August 20-26, due to the slowing demand from end-users, with the tonnage growing for the third week by another 2.1% on week to about 7 million tonnes. The five major items co...
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Imported 200 million tons of coal from January to July, up 6.8% year-on-year
by admin on 20-08-31
In July, the decline in raw coal production of industrial enterprises above designated size expanded, crude oil production remained flat, and the growth rate of natural gas and electricity production slowed. Raw coal, crude oil, and natural gas production and related conditions the decline in raw...
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COVID19 Slashes Steel Consumption in Vietnam
by admin on 20-08-25
Vietnam Steel Association said that Vietnam’s steel consumption in the first seven months fell 9.6 percent year-on-year to 12.36 million tonnes due to Covid-19 impacts while production dropped 6.9 percent to 13.72 million tonnes. This is the fourth month in a row that steel consumption and produc...
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Brazilian domestic flat steel prices up on-demand recovery, low imports
by admin on 20-08-24
Flat steel prices in the Brazilian domestic market have increased in August because of recovering steel demand and high import prices, with further price rises to be imposed next month, Fastmarkets heard on Monday, August 17. Producers have fully applied the previously announced price increases f...
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With weak demand recovery and huge losses, Nippon Steel will continue to reduce production
by admin on 20-08-19
On August 4, Japan’s largest steel producer, Nippon Steel, announced its first-quarter financial report for the 2020 fiscal year. According to the financial report data, the crude steel output of Nippon Steel in the second quarter of 2020 is about 8.3 million tons, a year-on-year decrease o...
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2020 authoritative ranking of global oil companies released
by admin on 20-08-18
On August 10th, “Fortune” magazine released this year’s latest Fortune 500 list. This is the 26th consecutive year that the magazine has published the ranking of global companies. In this year’s ranking, the most interesting change is that Chinese companies have achieved a...
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China steel demand to decline to 850 mln t in 2025
by admin on 20-08-05
China’s domestic steel demand is expected to decline gradually in the years to come from 895 million tonnes in 2019 to 850 million tonnes in 2025, and high steel supply will impose a persistent pressure on the domestic steel market, Li Xinchuang, chief engineer of the China Metallurgical Industry...
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