The price of hot rolled coil in India fell further and the quotation returned to the Vietnamese market

Deteriorating global and domestic market sentiment has forced Indian mills to decrease hot rolled coil quotes further, but this has still not spurred counter-bids from buyers. Bids from European and Turkish buyers are nowhere close to matching Indian offers, owing to which buyers are heard withdrawing from negotiations well before deal conclusion, sources inform Kallanish.…

Japan’s steel exports fell to 3.15 million tons year-on-year for the third consecutive month in March

According to data from the Japan Iron and Steel Federation, Japan exported 3.145 million tons of steel in March, a slight decrease of 0.3% year-on-year, and the third consecutive month of year-on-year decline. Among them, the export volume of ordinary steel was 2.127 million tons, a year-on-year increase of 5.2%, the first year-on-year increase in…

The digital transformation process of Tata Steel

Tata Steel’s digital strategy has three pillars: Smarter technology, smarter connectivity, and smarter services. Tata Steel’s digital innovation center is constantly experimenting with the latest technologies, such as twin data, AI, augmented/virtual/hybrid reality, blockchain and UAV. Implement in the steel manufacturing base and develop value-added digital services for downstream users at the same time. 1)…

116 countries / regions have updated their entry policies, and 37 countries have lifted all entry restrictions

After this update, it is also found that the entry policies of various countries/regions are constantly being simplified, but what is even more surprising is that more and more countries are completely canceling the entry restrictions related to COVID-19, for example,  many new countries in Europe are fully opened. , 1 new country in Africa…

A new 240t electric furnace! Construction of Tosyali Algeria Phase 4 Integrated Steel Plant Starts

The Tosyali Algeria Phase IV integrated steel plant, which is contracted by Sinosteel Equipment EPC, mainly includes a direct reduced iron workshop with an annual output of 2.5 million tons, a steelmaking workshop with a 240-ton electric furnace, an 1800mm hot continuous rolling production line and two 600-ton Limekiln and supporting public and auxiliary facilities.…

Indian Ministry of Steel: By 2030, the production capacity of state-owned steel enterprises will increase to 45 million tons

India’s steel ministry recently urged to increase the combined capacity of the Steel Authority of India (SAIL), the National Mining Development Corporation (NMDC), RINL, KIOCL, and other state-run steel companies to 45 million tonnes/year by 2030. According to market assessments, the Indian government is confident that it will succeed in its plan to increase the…