Despite a slowdown in steel demand in the automotive space amid the ongoing chip crunch, healthy demand in other end markets including construction and supply disruptions due to mill outages and ...
Seaborne iron ore prices slipped slightly on Monday November 15 amid continuous weak demand from Chinese steel mills, which have begun formal production curbs for the winter heating season as of today, market sources said. Fastmarkets iron ore indices. 62% Fe fines, cfr Qingdao: $89.05 per tonne, down by $0.64 per tonne.
In April 2020, Evraz Oregon Steel Mills stopped operating its Portland spiral pipe mill, leading to 230 permanent job cuts. This decision follows the gas and oil industry's downturn amid the coronavirus crisis. 65 more workers were laid off in June 2020 at its North Portland mill. This ...
Domestic steel mills that idled furnaces last year amid fears of a prolonged pandemic-induced economic downturn have been slow in ramping up production, despite a recovery in demand for cars and ...
European steel industry looks for way forward amid coronavirus demand blow. The coronavirus has dealt the European steel sector a heavy blow. Coming on the heels of Brexit and global trade tensions, the crisis has also highlighted the region's overcapacity problem, raising the possibility of previous merger and divestment plans being revived.
Most of mills will implement maintenance from January 2022 and some mills cut their output amid unsatisfying performance. The output in January is expected to fall 290,000 mt to 2.36 million mt, with 200, 300 and 400-series products cut …
Steel stocks soar amid bullish optimism over long-awaited infrastructure bill ... Part of one of Northwest Indiana's oldest and biggest steel mills along the Lake Michigan lakefront is being sold ...
The NPI supply is in a surplus as the stainless steel mills have reduced the purchases amid losses. The shrinking profits of steel mills have also caused the NPI prices to drop significantly recently. The NPI prices may not rebound until the demand by steel mills grows. NPI production price For queries, please contact Frank LIU at [email protected]
20 Turkish steel mills continued to stay away from deep-sea scrap purchases amid currency fluctuations in the country, market sources told Fastmarkets on Tuesday December 21. The Turkish lira made an overnight comeback on Monday December 20, with the Turkish president revealing a new financial mechanism to support the Turkish lira, according to ...
North Carolina-based Nucor plans to build a 3 million-ton-a-year sheet mill somewhere in Ohio, Pennsylvania or West ia. The mini-mill operator said …
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Region's factories thrived in 2021 amid record steel prices, recovering demand ... Part of one of Northwest Indiana's oldest and biggest steel mills along the Lake Michigan lakefront is being sold ...
Set amid the Rust Belt towns of Western Pennsylvania, the new series, starring Jeff Daniels and Maura Tierney, tells a story of good people and bad choices. ... The steel mill is shut down, and ...
China has started investigating production capacity at its steel mills amid increasing worries about the rapid growth in output this year, according to a notice circulated online on Monday.
The steel mills may adjust the sales strategies amid poor shipments. The production will increase slightly in December, and the domestic sales as well as exports are expected to rise significantly in January. However, the production of steel mills in north China is unstable due to the upcoming Beijing Winter Olympics.
BURNS HARBOR, Ind. (AP) — An explosion rocked a steel mill in northwest Indiana on Tuesday, rattling nearby residents and producing a plume of smoke visible miles away, though no one was injured ...
Should US Steel Mills Halt Production amid Coronavirus? The AISI (American Iron & Steel Association) asked the Trump administration to classify the steel industry as "essential.". If the ...
by Naharnet Newsdesk 28 October 2021, 04:59. Tweet. Serbian officials praised their "steel friendship" with China during talks on Thursday with China's Foreign Minister Wang Yi amid fears in the West that by heavily investing in the Balkan state, Beijing is trying to exert its political influence in that part of Europe.
steel scrap, HMS 1&2 (80:20), cfr Vietnam. Taiwan The spot import price for containerized ferrous scrap from the US into Taiwan reached a new historical high on Friday amid continued strong demand from steel mills and limited supply. Pricing history steel scrap, HMS 1&2 (80:20 mix), US material import, cfr main port Taiwan. India
Asian rebar and billet prices unchanged amid lackluster demand: 16 Dec 21: Iranian steel mills try to increase exports with lower prices: 16 Dec 21: Turkey's long steel mills raise lira-denominated prices after new rate cut: 16 Dec 21: Platts EMEA Turkish Rebar Daily Rationale: 16 Dec 21: Turkish rebar export prices dip amid quiet market: 16 Dec 21
China power curbs are challenge for steel mills - industry group ... The world's second-largest economy has suffered from the power curbs because of high coal prices for generators amid tight ...
China and Serbia praise 'steel friendship' amid growing ties. China bought Serbia's only steel mill in 2016 and both sides have often described their relations as friendship of steel. Wang said Thursday that the friendly relations between China and much smaller Serbia are based on equality and are sincere. "We are very proud of the development ...
June 10, 2021 7:00 am ET. Print. Text. 147. Two of the nation's largest steelmakers are keeping older mills closed, passing up a chance to sell more metal at record prices, because of the high ...
Margins at steel mills have been hit by a sharp decline in steel prices amid falling demand. Steel demand in China has softened since the …
Margins at steel mills have been hit by a sharp decline in steel prices amid falling demand. Steel demand in China has softened since the …
SHANGHAI, Dec 6 (SMM) – The production resumption at many steel mills have pushed the iron ore spot and futures prices higher last week. For the spot prices at ports, mainstream PB fines in Shandong saw a weekly gain of 40-50 yuan/mt and the prices stood at 685 yuan/mt. Taking into account that Tangshan city has issued another notice of stricter …
Beth Steel once employed 30,000 people at the mill and another 4,000 in its adjacent shipyard. The place demanded very hard work, but the wages were good.
KHABAR KI KHABAR By Dr. Buland Iqbal | Metro1 News 30 Nov 2020#Live_Talk_show #Top_Stories #DrBuland_Iqbal #Senior_Anchor #Metro1_NewsSubscribe our Channel |...
Steel producers were among the best performers of the entire Chinese economy over the first three quarters of 2021, with China's 28 …
China has asked steel mills in more cities in northern China to cut production from Nov. 15 to March 15 next year, in order to clear the smog-blanketed sky …
It was last assessed at $545/mt though China recycled steel prices were higher on the week as mills are stocking ahead of the Lunar New Year holidays The Black Sea pig iron export prices to Turkey HMS 80:20 scrap ratio moved up slightly to a 1.08:1 on the same day, just around November's average, as the Black Sea flat steel prices have been ...
Nucor Steel Gallatin is shown. Nucor plans to build a new $350 million steel mill in the South Atlantic Region, further adding to the nation's steelmaking capacity. The Charlotte, North Carolina ...
Steel Dynamics is the IBD Stock Of The Day as the Fort Wayne, Ind., steelmaker, already churning out record profits, gets set to fire up its new Sinton, Texas, flat roll steel mill before year-end ...