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In 2023, what will steel companies do?
At the beginning of the New Year, open new hopes and carry new dreams. In 2023, in the face of opportunities and challenges, how should steel enterprises do? Recently, some iron and steel enterprises held a meeting, this year’s key work deployment. The details are as follows – China...Read more -
Recent market conditions
Recently, the price of strip steel has fallen significantly, two days of a decline of 80 yuan/ton, the decline and the internode increase is basically consistent. It is reported that today and yesterday, the strip steel appeared so large decline, mainly due to the epidemic distributed in many p...Read more -
The BDI index hit a 20-month low! Bulk carrier market in the fourth quarter of the peak season is difficult
The BDI index fell to a low in the past 20 months, dragged down by the sharp drop in Capesize ship rates, the dry bulk market in the next fourth quarter may be a weak season. The Baltic Dry Index (BDI) plunged 41 points to 1,279 on August 19, down 3.1% on the day, hitting its lowest level since D...Read more -
Rio Tinto offered $3.1 billion to take control of Mongolia’s giant copper mine
Rio Tinto said Wednesday it plans to pay US $3.1 billion in cash, or C $40 per share, for a 49 percent stake in Canadian mining company Turquoise Mountain Resources. Turquoise Mountain Resources surged 25% on Wednesday on the news, its biggest intraday gain since March. The offer is $400m higher ...Read more -
China’s iron and steel industry has shown strong resilience in reducing production
Market demand slowdown, raw material price volatility, enterprise cost pressure increased, enterprise profit sharply…… In the first half of this year, in the face of numerous challenges, China’s steel industry showed strong resilience in the process of reducing production. S...Read more -
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
