LMM Global Steel Information Quick View (2021.10.13) Indonesia’s new PT Krakatau Steel blast furnace is expected to be put into operation in the third quarter of next year According to reports, Indonesian steel manufacturer PT Krakatau Steel’s new blast furnace will be put into operation in the third quarter of 2022 and is currently actively…
LMM Global Steel Information Quick View (2021.10.12) Myanmar will restart Pinpet factory in fiscal year 2023-2024 Myanmar plans to restart the Russian-backed Pinpet plantin Shan State in the financial year 2023-2024, according to the chairman of theState Administration Council (SAC) Senior General Min Aung Hlaing. The SAC chairman went to No.2 SteelMill Project (Pinpet) operated…
LMM Global Steel Information Quick View () Turkish car production increased by 7.9% from January to September Mysteel learned that according to data released by the Turkish Automobile Manufacturers Association (OSD), the total output of motor vehicles in Turkey from January to September this year was 921,619, an increase of 7.9% year-on-year. In September, Turkey’s…
LMM Global Steel Information Quick View () U.S. mid-board prices continue to consolidate at high levels As of last Friday, the US plate price has remained stable for the time being, with a price per ton of approximately US$1,780 per short ton. The week-on-week ratio has remained unchanged, but the year-on-year increase has nearly tripled.…
LMM Global Steel Information Quick View (2021.10.11) Mysteel learned that, according to data from the Japanese Ministry of Economy, Trade and Industry, Japan’s steel demand from October to December will reach 21.84 million tons, an increase of 2.6% from the previous quarter and an increase of 6.7% year-on-year; of which manufacturing demand is strong and…
LMM Global Steel Information Quick View (2021.10.11) Indian steel mills consider price increases in response to rising coal prices Mysteel learned that due to coal price increases, coupled with shortages of coking coal and thermal coal, Indian steel mills are forced to consider raising steel prices in the next quarter. India’s coking coal imports fell…
LMM Global Steel Information Quick View (2021.10.11) Liberty Steel announced that it has received £50 million in cash support to protect 660 jobs at the company’s Rotherham plant. This funding means that Liberty can restart its electric arc furnace, workers can return to work, and the company can continue its plan to expand Rotherham’s production…
LMM Global Steel Information Quick View (2021.10.11) On October 1, 2021, the Philippine Department of Trade and Industry issued Decree No. 21-06 of 2021. In view of the insufficient production capacity of domestic related industries, the implementation of safeguard measures is not in the public interest, so it decided to terminate the import of color…
LMM Global Steel Information Quick View (2021.10.11) On October 1, 2021, the Philippine Department of Trade and Industry issued a notice stating that in view of the Philippine applicant’s application for the removal of safeguard measures on January 14, 2021, it has decided to terminate the application of imported aluminum-zinc (GL) sheets, coilsand strips) safeguard…
LMM Global Steel Information Quick View (2021.10.11) On October 9, 2021, the Turkish Ministry of Trade issued the Announcement No. 2021/8, in response to the application of Turkish domestic manufacturers, to import grinding balls and similar products for steel grinding machines (Turkish: “ütücü bilyalar ve ütmeye mahsus benzeri eya” ve “ütücü bilyalar ve ütmeye mahsus…