China BF mills lose more money on steel sales in Oct
Last month, the average loss on rebar sales among the sampled mills was Yuan 136/tonne ($18.7/t), easing by Yuan 16/t ...
Tag: steel
Indonesia to see new strip production next year
ndonesia will see new strip capacity coming on stream next year, Kallanish notes. New Asia International is due to commence hot rolled ...
Global steel consumption likely to remain stable
While China’s steel consumption has been on the decline since 2021, global steel consumption has remained stable, supported by the ...
Three reasons why Chinese steelmakers are trapped in a prisoner’s dilemma
While daily crude steel production stood at 2 million tonnes in mid-October, a 1.25% decrease from the previous year according ...
China steel association says EU carbon tax a new trade barrier, calls for more talks
The Carbon Border Adjustment Mechanism (CBAM) proposed by the European Union creates a new trade barrier for Chinese exports, China's ...
Blast Furnace Utilization Drops
The average operating rate of BF steel mills was down 0.44 percentage points WoW at 90.94% last week, SMM survey ...
Pig iron output loss from BF maintenance grew in October
Since September, terminal demand has remained relatively weak. Although steel inventories were not high, steel prices underperformed. Driven by high ...
Key Takeaway From SMM Metal Industry Annual Conference
At the 2023 SMM 12th Metal Industry Annual Conference - SMM Steel Forum, jointly hosted by SMM, the People's Government ...
China’s 3Qs steel market features “two highs” and “two lows” with challenges
China has achieved a smooth transition to a post-COVID phase, with quick restoration to normal economic and social order in ...
Europe HRC spread narrows further as met coal-led costs pressure operating margins
The spread between European hot-rolled coil steel and raw material prices narrowed further in October to a low last seen ...
