Irepas: high logistics costs, global long products market under pressure

LMM Global Steel Information Quick View (2021.10.19) Irepas: high logistics costs, global long products market under pressure Spain’s CELSA Group Export Director Alexander Gordienko said on October 18 that under the coronavirus-related restrictions, the global economy has performed better than expected, and the growth prospects of developed countries have increased from 5.1% in April. It…

Brazil’s crude steel production increased in September

LMM Global Steel Information Quick View (2021.10.20) Brazil’s crude steel production increased in September According to the Brazilian Iron and Steel Association IABr report, Brazil’s crude steel production in September this year increased by 15.3% year-on-year to 3.1 million tons. During this period, domestic sales volume was 1.9 million tons, an increase of 1.2% year-on-year;…

Tokyo Steel raises November steel prices

LMM Global Steel Information Quick View (2021.10.20) Tokyo Steel raises November steel prices Mysteel has learned that Tokyo Steel has recently raised its November steel prices. Most of the construction steel prices have been raised by US$26-44/ton, and the price of heavy plates has been raised by US$26/ton, which is the highest price in 13…

Italy’s September crude steel production increased by 28.3% year-on-year

LMM Global Steel Information Quick View (10.19) Italy’s September crude steel production increased by 28.3% year-on-year Mysteel was informed that, according to the latest interim data released by Federacciai, the Italian iron and steel producers’ association, Italian crude steel production in September this year increased by 28.3% year-on-year to 2.304 million tons. In September, Italian…

Soaring energy prices have caused some European steel companies to implement peak shifts and stop production

Soaring energy prices have caused some European steel companies to implement peak shifts and stop production

Soaring energy prices have caused some European steel companies to implement peak shifts and stop production Recently, ArcelorMittal (hereinafter referred to as ArcelorMittal)’s steel branch in Europe is under pressure on energy costs. According to foreign media reports, when the electricity price reaches its peak in the day, Anmi’s electric arc furnace plant producing long…

U.S. profile steel export growth in August

LMM Global Steel Information Quick View (2021.10.18) U.S. profile steel export growth in August According to statistics from the U.S. Department of Commerce, in August this year, U.S. section steel (including U, I, H, L, T section steel) exports totaled 37,353 tons, an increase of 15.5% month-on-month and a year-on-year increase of 51.4%. In terms…