Iranian and Russian billet continue to weigh on the ASEAN import market, Kallanish notes. Certain traders are offering Iranian 150mm 5sp billet at $600-610/t cif Thailand. A Thai trader thinks that they are inviting bids and that these offers are not firm. “Traders are trying to match the price idea from buyers,” he says. Others…
The US Department of Energy is launching an $8 billion programme to develop clean hydrogen hubs across the United States, Kallanish reports. The money, to be provided over five years, is coming from the Bipartisan Infrastructure Law and will create a network of what the DOE is calling H2Hubs, the DOE says in releasing a…
Rio Tinto and Salzgitter Group will jointly study using the miner’s Canadian and Australian iron ore for Salzgitter’s SALCOS green steel smelting project in Germany. The two companies signed a Memorandum of Understanding (MOU) on exploring optimisation of iron ore pellets, lump and fines for use in hydrogen direct reduction steelmaking projects, Kallanish learns from…
Recently, the World Iron and Steel Association released “2020/2021 Production Ranking: Steel Production Companies of More than 3 Million Tons”, and 63 Chinese steel companies are on the list! Baowu’s 120 million tons came out on top! China Baowu topped the list with 120 million tons, ArcelorMittal ranked second with 79.26 million tons, and Ansteel…
A new steel mill project is being proposed in Vietnam, Kallanish understands. This will produce plate among other steel products. Vina Roma Quang Tri Steel Joint Stock Company has put forward a proposal to install a 4.5 million tonnes/year steel mill at Quang Tri, central Vietnam. The provincial government announced on 27 May that the…
Recently, the Ministry of Industry and Trade of Vietnam announced that the Ministry will continue to cooperate with relevant departments to implement an early warning system and related measures to prevent origin fraud. The purpose is to further strengthen the supervision and management of origin fraud, and severely crack down on origin fraud and illegal…
Danieli’s third long-rolling line for Hefa Steel is capable of rolling a 5.5mm wire rods at a steady speed of 105m/s, and the line has already produced 100,000 tonnes of wire rods. Mr. Phi Van Hiep, Manager of the Rolling Plant of Hefa Iron and Steel Company, expressed his gratitude. He described the whole process…
On June 1, 2022, according to the MEPS forecast, global crude stainless steel production will reach 58.6 million tons this year. This growth is likely to be driven by factories located in China, Indonesia, and India. Production activity in East Asia and the West is expected to remain range-bound. China’s stainless steel production rebounded strongly…
British Steel has secured funding from the UK government for a feasibility study into switching from natural gas to green hydrogen as a fuel source for reheating furnaces. If the study is successful, British Steel will undertake an industrial-scale demonstration that could see the technology developed and rolled out across all its operations, including its…
Importers of hot-dip galvanized coil into Europe are set to face a series of new challenges from the beginning of July, as the new rules related to safeguarding measures come into force. Participants of this week’s Kallanish Europe Steel Markets 2022 conference in Milan voiced their concerns over the inclusion of HDG imports from Vietnam…