LMM Global Steel Information Quick View (2021.10.21) BHP Billiton and POSCO explore steel decarbonization According to a press release issued by BHP Billiton (BHP), it has reached a Memorandum of Understanding (MoU) with POSCO to explore technologies to reduce greenhouse gas emissions in the steelmaking process. As part of the memorandum of understanding, BHP Billiton…
LMM Global Steel Information Quick View (2021.10.21) Mexico AHMSA resumes hot roll production Mysteel was informed that the hot rolling mill of the Mexican integrated steel manufacturer Altos Hornos de Mexico (AHMSA) has resumed production after two weeks of maintenance. AHMSA stated that the maintenance work aims to modify and repair the company’s equipment and…
LMM Global Steel Information Quick View (2021.10.21) U.S. Steel Power’s third-quarter net income hits a record high Mysteel learned that Steel Power recently announced its financial results for the third quarter of 2021. The report stated that the net sales for the third quarter of 2021 were US$5.1 billion and the net profit was US$991…
LMM Global Steel Information Quick View (2021.10.21) South Korea’s September steel exports hit a new low this year According to data from the Korea Iron and Steel Association, the total export volume of steel products (excluding nails, welding rods, etc.) in September was 2.09 million tons, a year-on-year decrease of 21% (555,000 tons), which was…
LMM Global Steel Information Quick View (2021.10.21) New orders show rising Indian HRC export prices With the seasonal recovery of Indian domestic trade demand, local hot coil spot and export prices began to rebound this week. The latest transaction shows that Indian steel mills sold a number of hot rolled coils to Nepal at a…
LMM Global Steel Information Quick View (2021.10.21) U.S. cold rolled and hot-dip galvanized prices remain stable for the time being Previously, demand from the automotive industry supported the cold rolled and galvanized coil market in the United States. Prices of cold-rolled and galvanized coils continued to rise at a high level. Affected by the current…
India’s severe power shortage crisis, the northern states have power outages for 14 hours a day, and the recovery of the manufacturing industry is hindered! After India experienced the second wave of the new crown epidemic, the economy gradually recovered, and the demand for electricity has also increased substantially. The wind of the energy crisis…
LMM Global Steel Information Quick View (2021.10.19) U.S. hot-rolled bar exports increase in August Mysteel learned that according to the export data released by the US Department of Commerce, the US exported 39,724 tons of hot-rolled bars in August 2021, an increase of 4.8% month-on-month and 85.3% year-on-year, with a total export value of US$54.6…
LMM Global Steel Information Quick View (2021.10.19) Colombia’s August crude steel production increases Mysteel was informed that, according to the Colombian National Committee of Steel Manufacturers, the country’s crude steel production in August 2021 increased by 4.3% year-on-year to 117,908 tons, and long steel production increased by 24.5% year-on-year to 1,484,43 tons. In the first…
LMM Global Steel Information Quick View (2021.10.19) U.S. crude steel production per week (as of 10.16) As of the week of October 16, 2021, the domestic crude steel production in the United States was 1.882 million net tons, and the capacity utilization rate was 85.3%. The output in the same period last year was 1.549…