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Steel News

July 28th 2021

The huge drop in domestic demand led to 11% dip in sales of saleable steel by the company over the sequential quarter.

The largest regional producer of steel during the period was Asia and Oceania region, which recorded a cumulative output of approximately 737.0 Mt.

The three largest offshore suppliers of finished steel in June this year were South Korea, Japan and Turkey.

The adjusted EBITDA during the quarter stood at $1.4 billion, compared to adjusted EBITDA loss of $82 million a year before.

All regions recorded year-on-year surge in crude steel output.

Furthermore, it has now been extended for a period of five years up to 2026.

The largest offshore suppliers of finished steel in March this year were South Korea, Taiwan and Japan.

The monthly laminate production hit 4.96 Mt, higher by almost 67% compared to the same month a year before.

The average sales per ton in Q2 2021 increased by 49% compared to second quarter of 2020.

The PLI scheme is likely to bring in investment of nearly INR 40,000 crore and expand steelmaking capacity by additional 25 MT.

This will be used as an alternative reduction agent for iron ore in steelmaking process.

The plant has not reported a Lost Time Accident over the past 16 months.

The average ferrous scrap cost per ton melted at its steel mills stood at $439 per ton.

Nucor plans to purchase 100% of the company’s outstanding shares from its Employee Stock Ownership Plan (ESOP).

Base Metals		VIEW ALL
Alumina 98.5% min	36440.76	1055.76
Aluminum Alloy A356	2.70723	0.23
Minor Metals		VIEW ALL
Ammonium heptamolybdate 54% min	2003270.66	0
Ammonium metavanadate 98% min	1768499.04	0
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%	131348.16	0
Cerium Metal 99% min	441999.68	0

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