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Steel News

January 21st 2022

During lean periods in 2020 and 2021, the employees were engaged in training programmes aimed at enhancing their skillset.

Other major steelmaking provinces too recorded fall in production during the year.

The construction and automotive industries, which are considered as the key steel consuming sectors, are reportedly witnessing rising inventories.

However, it did not mention any specific date or timeline for the talks.

The adjusted year-to-date raw steel production totalled 3.901 million NT until the week ending January 15, 2022.

The production during H2 2021 witnessed sharp decline by 16% over the previous year.

However, the buyback completed on 28th December, 2020, significantly ahead of the tentative close date.

The global steel industry has been under immense pressure to reduce emissions from steelmaking operations.

Adani Group has been diversifying its business during the past several months.

The U.S. has reached an agreement with the EU bloc countries after negotiations that extended for almost six months.

The cumulative adjusted year-to-date U.S. raw steel production totalled 2.068 million NT through the week ending on January 8, 2022.

The USTR noted that the country took almost six months to reach the tariff-rate-quota system with the European Union.

The new sheet mill will be constructed at a cost of around $2.7 billion and will have capacity to produce 3 million tonnes of steel every year.

It must be noted that the output had totalled only 5.07 mt in Q3 FY21.

Base Metals		VIEW ALL
Alumina 98.5% min	54320.23	-4250.17
Aluminum Alloy A356	2.70723	0.23
Minor Metals		VIEW ALL
Ammonium heptamolybdate 54% min	2255712.78	-37063.86
Ammonium metavanadate 98% min	1707632.27	192264.43
High Purity Metals		VIEW ALL
Aluminum ingot purity 9999900	41900.00	0
Aluminum oxide purity 9900000	12100.00	0
Rare Earth		VIEW ALL
Cerium carbonates TREO 45% min, CeO2 / REO 100%	129581.62	3238.9
Cerium Metal 99% min	455486.05	17560.45

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