LMM Global Steel Information Quick View (2021.11.08) Nippon Steel will build a new electrical steel sheet plant at the Setouchi Plant Japanese steel manufacturer Nipon Steel said it will build a third industrial steel sheet plant at its Setouchi plant, which will be fully operational in the first half of 2024. The first and second…
LMM Global Steel Information Quick View (2021.11.08) JSW Texas Steel Plant plans to complete the upgrade in 2023 Mysteel understands that JSW Steel expects to complete the “second phase” upgrade of its steel plate plant in Baytown, Texas in the second half of 2023 to improve product quality and cost-effectiveness. The upgrade will include the…
LMM Global Steel Information Quick View (2021.11.08) China’s Taiwan Sinosteel plans to impose a carbon surcharge next year According to Mysteel, China’s Taiwan-based Sinosteel plans to impose a carbon surcharge on export contracts starting next year, and the level of the surcharge has not yet been announced. The company mentioned in its description the carbon…
LMM Global Steel Information Quick View (2021.11.08) Turkey’s September rebar exports increased by 16.7% According to statistics from the Turkish Statistical Institute (TUIK), Turkey exported about 725,000 tons of rebar in September, an increase of 16.7% month-on-month and a sharp increase of 57.8% year-on-year. Among them, exports to Israel accounted for the largest proportion, totaling…
LMM Global Steel Information Quick View (2021.11.08) U.S. imports of hot-rolled coils increased by 15.7% in September According to preliminary statistics from the U.S. Department of Commerce (USDOC), the U.S. imported 494,998 tons of hot-rolled coils in September, an increase of 15.7% month-on-month and a significant year-on-year increase of 190.8%. In terms of value, imports…
LMM Global Steel Information Quick View (2021.11.08) British Steel Association: US-Europe agreement will reduce the competitiveness of British steel The British Iron and Steel Institute stated that in the process of negotiations and agreements on steel tariffs between the United States and the European Union, British steel manufacturers may fall into a disadvantage, resulting in…
LMM Global Steel Information Quick View (2021.11.08) According to preliminary statistics from the US Department of Commerce (USDOC), the United States imported 146,982 tons of cold-rolled coils in September, an increase of 20.8% month-on-month and a substantial increase of 151.4% year-on-year. In terms of value, cold rolled coil imports totaled US$192.4 million in September, US$153.1…
LMM Global Steel Information Quick View (2021.10.27) Iran’s apparent steel consumption in the first half of the year has decreased significantly Compared with the same period last year, Iran’s apparent steel use in the first six months of this year (March 21 to September 22) decreased. Apparent steel usage is defined as output plus imports…
LMM Global Steel Information Quick View (2021.10.27) Turkey’s steel imports from January to September increased by 85.9% Mysteel was informed that, according to temporary foreign trade statistics compiled by the Turkish Statistical Office (TUIK) and the Deputy Minister of Customs of Turkey, Turkey’s steel imports in September this year increased by 61.1% year-on-year to a…
LMM Global Steel Information Quick View (2021.10.27) Turkey’s steel exports from January to September increase by 96% Mysteel was informed that, according to temporary foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Deputy Minister of Customs of Turkey, Turkey’s foreign trade deficit in September this year fell by 47.5% from September…