Industrial News
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China Continues to Drive Crude Steel Production in September 2020
World crude steel production for the 64 countries reporting to the World Steel Association was 156.4 million tonnes in September 2020, a 2.9% increase compared to September 2019. China produced 92.6 million tonnes of crude steel in September 2020, an increase of 10.9% compared to September 2019. ...Read more -
Global crude steel production increased by 0.6% year-on-year in August
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...Read more -
China’s post-coronavirus construction boom shows signs of cooling as steel output slows
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 ...Read more -
Japan’s carbon steel exports in July fell 18.7% year-on-year and increased 4% month-on-month
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...Read more -
China’s rebar price down further, sales retreat
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...Read more -
The Brazilian Steel Association says the capacity utilization rate of the Brazilian steel industry has risen to 60%
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...Read more