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…
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;…
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…
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 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…
World Steel Association: It is predicted that global steel demand will increase by 4.5% this year to 1.855 billion tons The World Steel Association released the results of short-term steel demand forecasts for 2021 and 2022 on the 14th. The World Steel Association predicts that global steel demand will continue to grow by 4.5% in…
LMM Global Steel Information Quick View (2021.10.18) Turkey’s BMS Steel Wire starts construction of a new rolling mill According to Mysteel, Turkish steel wire mesh manufacturer BMS Steel Wire plans to build a new plant in Aliaga/Izmir to increase production capacity and build a solar power plant on the roof of its existing plant in…
LMM Global Steel Information Quick View (2021.10.18) Vietnam’s steel exports from January to September increased by 41% According to statistics from the General Administration of Customs of Vietnam, Vietnam’s steel exports in September this year were 1.35 million tons, a decrease of 11.7% from the previous month. The main export destinations during this period were:…
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…
LMM Global Steel Information Quick View (2021.10.18) The U.S., Europe, steel and aluminum tariff dispute is expected to reach an agreement at the end of October It is reported that a source familiar with the negotiations pointed out that the United States believes that it is hopeful that the EU will resolve its trade issues…