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The International Energy Agency expects coal demand to return to record highs this year
Global coal demand is expected to return to record levels this year, the Paris-based International Energy Agency said on Thursday. Global coal consumption will rise slightly in 2022 and is expected to return to the record levels of nearly a decade ago, the IEA said in its July Coal Market report....Read more -
Negative profit margin! Russian steel mills aggressively cut production
According to foreign media reports, Russian steel producers are losing money in both the export and domestic markets. All of Russia’s major steelmakers posted negative margins in June, and the industry is actively reducing steel production while also considering reducing investment plans. S...Read more -
Russian steel mills are aggressively cutting production
According to foreign media reports, Russian steel producers suffered losses in both export and domestic markets. All of Russia’s major steelmakers posted negative profit margins in June, and the industry is actively reducing steel production while also considering reduced investment plans. ...Read more -
UK extends Chinese steel tariff
During the G7 summit, Boris Johnson encouraged western countries to do business with China, but said it would be based on “democratic values”, before turning to his government’s decision to extend high tariffs on Chinese goods. According to Russian media’s latest news,...Read more -
UK extends high Tariffs on Chinese steel
During the G7 summit, Boris Johnson encouraged western countries to do business with China, but said it would be based on “democratic values”, before turning to his government’s decision to extend high tariffs on Chinese goods. According to Russian media’s latest news, Bri...Read more -
In 2021, the world’s per capita apparent steel consumption was 233 kg, returning to pre-epidemic levels
According to the world Steel Statistics 2022 recently released by the World Steel Association, global crude steel production in 2021 was 1.951 billion tons, up 3.8% year on year. China’s crude steel production reached 1.033 billion tons in 2021, down 3.0% year-on-year, the first year-on-ye...Read more -
Analysis of global scrap steel consumption and trade in 2021
According to the World Steel Association, global crude steel production in 2021 was 1.952 billion tons, up 3.8 percent from the previous year. Among them, oxygen converter steel output was basically flat at 1.381 billion tons, while electric furnace steel output rose 14.4% to 563 million tons. Ac...Read more -
Ductile iron pipe introduction
Ductile iron pipe is a kind of cast iron pipe. Quality requirements of cast iron pipe spheroidization grade control for 1-3 (spheroidization rate “80%), so the mechanical properties of the material itself has been better improved, with the nature of iron, steel performance. Annealed ducti...Read more -
Indian steelmakers are worried about losing international markets
On May 27, Finance Minister Nirmala Sitharaman announced on social media that the country has decided to make a series of changes to the tax structure for key commodities, effective May 22, general media reported. In addition to lowering import tariffs on coking coal and coke from 2.5 percent...Read more -
Federal Reserve Financial Stability Report: Liquidity in major financial markets is deteriorating
In its semi-annual financial stability report released on Monday local time, the Fed warned that liquidity conditions in key financial markets were deteriorating because of rising risks from the Conflict between Russia and Ukraine, tighter monetary policy and high inflation. “According to...Read more -
The IMF cut its forecast for global growth this year to 3.6%
The International Monetary Fund (IMF) on Tuesday released its latest World Economic Outlook, predicting that the global economy will grow 3.6 % in 2022, down 0.8 % points from its January forecast. The IMF believes the conflict and western sanctions on Russia have caused a humanitarian disast...Read more -
World Steel Association: Global steel demand growth is expected to decline in 2022
On April 14, 2022, the World Steel Association (WSA) released the latest version of the short-term (2022-2023) steel demand forecast report. According to the report, global steel demand will continue to grow by 0.4 percent to 1.8402 billion tons in 2022, after growing by 2.7 percent in 2021. In...Read more
