Feng Hsin Steel Co., Ltd., one of the major electric furnace mills in Taiwan, announced to adjust some prices of its products for this week. According to the price announcement, the purchasing price of scrap was raised by NT$200/ton to NT$6,900/ton. The price of rebar and section was both kept unchanged, at NT$14,600/ton and NT$19,600/ton respectively. The price adjustment of …
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22 April 2020 Brussels, Belgium World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 147.1 million tonnes (Mt) in March 2020, a 6.0% decrease compared to March 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates from national and regional associations, which may be revised …
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By Lillian Donahue | April 23, 2020 at 2:54 PM EDT – Updated April 23 at 8:14 PM GEORGETOWN S.C. – Officials with Liberty Steel announced they will that they will temporarily lay off or redeploy 130 employees in the Georgetown plant as the pandemic puts a financial strain on the corporation. “Since the outbreak of COVID-19 we have seen demand for our …
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It was understood that despite the current market environment was unfavorable, Algerian Qatari Steel (AQS), an Algeria’s steel manufacturer, has successfully integrated its production operation. The company’s second electric arc furnace (EAF) and continuous casting machine (CCM) have begun thermal testing last week. These two facilities were expected to produce 1.1 million tons of crude steel and 1.1 million tons …
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CLEVELAND–(BUSINESS WIRE)– Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has successfully completed the acquisition of AK Steel Holding Corporation, integrating North America’s largest producer of iron ore pellets downstream into the production of value-added steel and specialty manufactured parts for the automotive industry. The combined company will be led by Chairman, President and Chief Executive Officer Lourenco Goncalves. “This is a …
Read MoreIt was reported that a Hibbing Taconite, a joint-venture of ArcelorMittal, US Steel, and Cleveland-Cliffs, would suspend its operations of iron ore mine and pellet processing plant on May 3rd and expected to resume the operations at least on July 6th. It was said that about 650 workers would be laid off as a result of poor steel demand in …
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BEIJING, April 22 (Xinhua) — China is expected to see its weakened demand for steel forge a strong recovery in the second quarter as the country’s infrastructure investment and production resumption gains more momentum, the China Iron and Steel Association (CISA) said Wednesday. CISA official He Wenbo said the quarter-on-quarter growth would be remarkable, citing favorable demand-side plans, including the …
Read MoreIt was reported that the Indian Odisha government had agreed three investment proposals in the steel sector, submitted by three companies, Kashvi International Private Limited, Purosteel India Private Limited, and Rungta Mines Limited. Kashvi International would invest INR 55.23 crore to build an extra iron ore beneficiation plant with an annual capacity of 1.2 million tons to its Iron Ore …
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BEIJING, April 12 (Xinhua) — China’s steel output and inventory both fell in March, according to data from the China Iron and Steel Association. The daily production of raw iron, crude steel and rolled steel reached 1.82 million tonnes, 1.7 million tonnes and 1.77 million tonnes on average last month, down 2.1 percent, 3.1 percent and 1.7 percent from February, …
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Russia imported 48,971 metric tons of graphite electrodes in 2018. Graphite electrodes are used primarily in the steelmaking process, as they transfer the electrical energy from the power supply to the steel melt. Imports of graphite electrodes to Russia in 2018, by country (in metric tons) and HS Code. 2018 2018 8545110089 <520 8545110020 >520<650 Китай China 中国 17957 5199 Япония …
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