Industrial News
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Brazilian domestic flat steel prices up on-demand recovery, low imports
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...Read more -
With weak demand recovery and huge losses, Nippon Steel will continue to reduce production
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...Read more -
2020 authoritative ranking of global oil companies released
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...Read more -
China steel demand to decline to 850 mln t in 2025
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...Read more -
China becomes net steel importer first time in 11 years in June
China became a net importer of steel for the first time in 11 years in June, despite record daily crude steel production during the month. This indicates the extent of China’s stimulus-fueled economic recovery, which has supported rising domestic steel prices, while other markets are still ...Read more -
Brazil’s steelmakers say U.S. is pressuring to lower export quotas
Brazilian steelmakers’ trade group Labr on Monday said the United States is pressuring Brazil to reduce its exports of unfinished steel, part of a long fight between both countries. “They have threatened us,” Labr President Marco Polo said of the United States. “If we don’t agree to tariffs they ...Read more