JSHL launches new precision strip rolling mill

LMM Global Steel Information Quick View (2021.10.22) JSHL launches new precision strip rolling mill Mysteel learned that Jindal Stainless Steel Co., Ltd. (JSHL) said on Wednesday that it has opened a precision strip mill with an annual capacity of 26,000 tons at its Hisar plant, which means that the company’s expansion plan has entered the…

Kardemir exports railway wheels to the EU

LMM Global Steel Information Quick View (2021.10.22) Kardemir exports railway wheels to the EU Mysteel learned that Kardemir, Turkey’s largest integrated long products manufacturer, has completed the export certification process and signed a sales contract for railway wheel transportation with EU buyers. Previously, Kardemir started mass production of railway wheels in October 2019, and won…

ThyssenKrupp plans to achieve net zero carbon dioxide emissions by 2030

LMM Global Steel Information Quick View (2021.10.22) ThyssenKrupp plans to achieve net zero carbon dioxide emissions by 2030 According to Mysteel, the distribution department of ThyssenKrupp in Germany stated on October 20 that ThyssenKrupp Material Services plans to accelerate the decarbonization of the steel supply chain and achieve “climate neutrality” by 2030. The company stated…

Tenaris will restart its Beidun plant in Texas

LMM Global Steel Information Quick View (2021.10.22) Tenaris will restart its Beidun plant in Texas Tenaris recently announced that it will restart its seamless steel pipe plant in Beidun, Texas in March next year. At present, it has been recruiting personnel, debugging and installing new equipment, and testing the system. According to Mysteel, Tenaris’ restart…

Italian port strikes, steel prices may bottom out

LMM Global Steel Information Quick View (2021.10.21) Italian port strikes, steel prices may bottom out According to Mysteel, Italian steel coil prices may have bottomed out, and prices are expected to rise due to the country’s economic recovery, rising energy costs, and protests against the introduction of the country’s COVID-19 directive. The source said that…

Pakistan announces new comprehensive steel industry policy

LMM Global Steel Information Quick View (2021.10.21) Pakistan announces new comprehensive steel industry policy Mysteel was informed that Pakistan’s Minister of Industry and Production Makhdum Khusro Bakhtyar stated on October 15 that after consultations with stakeholders in the steel industry, the Pakistan Association of Large Steel Producers (PALSP) will soon announce a new comprehensive steel…

Tata Steel increases the price of pipe products

LMM Global Steel Information Quick View (2021.10.21) Tata Steel increases the price of pipe products Tata Steel Limited, India’s leading welded pipe manufacturer, increased the price of structural pipes by INR 1,000/ton (US$13/ton) for the second time in October 21. The current offer price of Jamshedpur in eastern India is 72,000 Indian rupees/ton (972 US…