LMM Global Steel Information Quick View (2021.10.14) Recent changes in China’s graphite electrode market At present, there is still a wait-and-see mood in the purchase of downstream steel mills of China’s graphite electrodes, and market transactions are still weak. However, due to the tight supply of the graphite electrode market and the high cost, graphite…
LMM Global Steel Information Quick View (2021.10.13) Malaysia makes its first anti-dumping sunset review final ruling on China-related cold rolled coils On October 8, 2021, the Ministry of International Trade and Industry of Malaysia issued an announcement stating that it will deal with alloys and non-alloys with a thickness of 0.20 mm to 2.60 mm…
LMM Global Steel Information Quick View (2021.10.13) American Nucor acquires coil processing plant U.S. Steel Company Nucor announced on October 6 that its Nucor Fastener division has acquired a cutting-edge coil processing plant located in Shelbyville, Indiana, USA. According to the report, Nucor’s newly acquired coil processing plant includes an automatic cleaning and coating line,…
LMM Global Steel Information Quick View (2021.10.13) NLMK launches new galvanized coated steel It is understood that the Russian steel manufacturer NLMK recently launched its new galvanized steel product for the construction and electrical industries, which has a more corrosion-resistant and environmentally friendly coating. With anticorrosive pigments based on chemical compounds, the coating applied after…
LMM Global Steel Information Quick View (2021.10.13) Turkish longs mills continue to increase wire prices With the continuous increase in the cost of imported scrap steel in Turkey, on the 11th, Turkish steel mills significantly increased the spot price of local wire rods by a range of US$15-20/ton. Among them, Kardemir raised the price of…
LMM Global Steel Information Quick View (2021.10.13) Amsteel sells Antara steel plant for $122 million Mysteel learned that Amsteel Mills Sdn Bhd sold its 100% stake in Antara Steel Mills Sdn Bhd to Esteel Enterprise Pte Ltd in Singapore for US$122 million. In a document submitted to Bursa Malaysia on Tuesday, the company stated that…
LMM Global Steel Information Quick View (2021.10.13) Strong steel consumption in Latin America Mysteel was informed that according to the Latin American Iron and Steel Association (Alacero), the Latin American steel industry continued to recover during the first seven months of the year due to the increase in regional steel consumption. As of July this…
LMM Global Steel Information Quick View (2021.10.13) Two new strip production lines at Arvedi Servola plant According to a report by Danieli, Acciaierie Arvedi recently placed an order with Danieli and is expected to install two new strip steel processing lines at the Servola plant in Trieste, northeastern Italy. All equipment will be pre-assembled to…
LMM Global Steel Information Quick View (2021.10.13) Central Steel & Wire expands service center to Illinois Ryerson Holdings announced today that its wholly-owned subsidiary Central Steel & Wire (CS&W) has signed a lease to lease a 900,000-square-foot state-of-the-art service center facility in University Park, Illinois, which will become the headquarters and Operations Center. Ryerson is…
LMM Global Steel Information Quick View (2021.10.13) Formosa Plastics Ha Tinh’s December hot-rolled coil offer stabilizes and cancels subsidy policy Mysteel learned from reliable market sources that Vietnam’s integrated steel giant Formosa Ha Tinh has adjusted the price of hot rolled coil (HRC) for delivery in December 21, and the effective price of hot rolled…