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U.S. Steel Inked Iron Ore Supply Agreement with Suncoke

U.S. Steel Inked Iron Ore Supply Agreement with Suncoke

June 30th 2022
U.S. Steel intends to ensure adequate supply of iron ore needed for pig iron production.
JSPL Foresees Surge in Steel Prices Amid High Input Costs

JSPL Foresees Surge in Steel Prices Amid High Input Costs

It must be noted that secondary steelmakers have already increased rebar prices by INR 2,000 to INR 5,500 per tonne over the past one week.
AISI Announced Winner of Market Development Industry Leadership Award

AISI Announced Winner of Market Development Industry Leadership Award

Dempsey noted that the leadership and commitment of Dr. Ben Schafer has played a key role in the success of AISI’s standards development activities.
Steel Dynamics Entered Into Strategic Partnership to Curb Emissions

Steel Dynamics Entered Into Strategic Partnership to Curb Emissions

The initial production capability will be more than 160,000 metric tons per year, with operations expected to begin by late next year.
Tata Steel to Boost Capacity of Value-Added Steel Products

Tata Steel to Boost Capacity of Value-Added Steel Products

Tata Steel eyes major expansion of its steelmaking capacity in India.
U.S. Raw Steel Output Recorded Modest Decline

U.S. Raw Steel Output Recorded Modest Decline

The leading producer was the Southern region, with an output of 745,000 net tons.
Moody’s Revised Tata Steel’s Outlook from Stable to Positive

Moody’s Revised Tata Steel’s Outlook from Stable to Positive

The press release highlighted the company’s well-laid-out capital allocation policy, which gives top priority to debt reduction over capital expenditure and new investments.
Global Steel Output Witnessed Decline in Jan-May

Global Steel Output Witnessed Decline in Jan-May

The largest regional producer of steel during the period was Asia and Oceania region, which recorded a cumulative output of approximately 582.0Mt.
UK Decides to Extend Steel Tariffs, Despite Charges of Breaching WTO Rules

UK Decides to Extend Steel Tariffs, Despite Charges of Breaching WTO Rules

Johnson noted that the prevailing system in the UK doesn’t grant any privileges to the industry, as is done in some other countries.
AISI Posted Notable Surge in YTD U.S. Finished Steel Imports

AISI Posted Notable Surge in YTD U.S. Finished Steel Imports

Over the 12-month period from June 2021 to May 2022, the total and finished steel imports were up by 47.5% and 55.0% respectively.
New Research Report Predicts Robust Medium-Term Steel Demand

New Research Report Predicts Robust Medium-Term Steel Demand

However, the exports growth was down when compared with 29.1% growth recorded in FY21.
Steel Price rebounds from yearly low as risk-aversion ebbs, recession fears favor bears

Steel Price rebounds from yearly low as risk-aversion ebbs, recession fears favor bears

Steel Price licks wounds at six-month low after falling nearly 500 yuan per metric tonne during the week.Lack of major data/events, softer USD allowed bears to take a breather. Fears of recession, doubts about production cuts and China’s covid conditions provide a trifecta attack on prices.
China’s steel mill owners are in a bad mood as demand takes a hit

China’s steel mill owners are in a bad mood as demand takes a hit

Steel inventories are slowly piling up in the warehouses of the country’s biggest steelmaking hub, the northeastern city of Tangshan, as well as in the provinces of Jiangsu and Shandong, mill owners told Wu, a senior consultant at Wood Mackenzie.
Switch from BOF to EAF Steelmaking is Happening at a Slow Pace

Switch from BOF to EAF Steelmaking is Happening at a Slow Pace

Under current circumstances, the ratio of BOF to EAF steelmaking technology is likely to shift from 69:31 in 2022 to 68:32 in 2030.

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