LMM Global Steel Information Quick View (2021.10.27) South Korean POSCO’s crude steel production in the third quarter increased year-on-year Mysteel learned that South Korea’s POSCO stated on October 25 that the company produced 9.7 million tons of crude steel in the third quarter of 2021, an increase of 2.7% month-on-month and an increase of 2.2%…
LMM Global Steel Information Quick View (2021.10.27) U.S. Cleveland-Cliffs ceases production of two blast furnaces in the fourth quarter According to Mysteel, the U.S. integrated steel manufacturer Cleveland-Cliffs will cut its production by 300,000 short tons in the fourth quarter, because the company expects auto demand to recover in the first quarter of 2022 in…
LMM Global Steel Information Quick View (2021.10.27) U.S. crude steel production per week (as of 10.23) As of the week of October 23, 2021, the domestic crude steel production in the United States was 1.87 million net tons, and the capacity utilization rate was 84.7%. The output in the same period last year was 1.549…
LMM Global Steel Information Quick View (2021.10.27) JSW will build a new color-coated steel plant in India Indian private steel producer JSW Steel will build a 120,000-ton/year pre-painted steel manufacturing plant on the combined territory of Jammu and Kashmir, but did not disclose the exact time. The company said that the plant will invest about…
LMM Global Steel Information Quick View (2021.10.27) Tata Steel installs new energy-saving generators at its UK plant Mysteel is informed that the Indian steel giant Tata Steel announced on October 25 that the new 30 million watt new energy-saving generator installed at its Port Talbot plant in South Wales will help the company reduce its…
LMM Global Steel Information Quick View (2021.10.27) India RINL conducts bidding for export of billet and wire rod According to Mysteel, Indian state-owned steel producer Rashtriya Ispat Nigam Limited (RINL) said on Monday, October 25 that it has submitted an export quotation for billet and wire rod today, seeking to bid for a letter of…
LMM Global Steel Information Quick View (2021.10.27) Cost growth India’s JSW wants to levy energy surcharges According to Mysteel’s understanding, India’s JSW Steel may introduce surcharges to cope with the strong increase in its production costs. The joint managing director and chief financial officer of JSW Steel stated that the price of coking coal has…
LMM Global Steel Information Quick View (2021.10.27) U.S. Irvine Industries acquires Omaha Steel Company Mysteel has learned that Irving Industries, located in Carter Lake, Iowa, USA, has acquired Omaha Steel’s assets in Wahoo, Nebraska. The facility is considered to be one of the most powerful and capable steel foundries in the United States. Irvine Industries…
LMM Global Steel Information Quick View (2021.10.27) India’s JSW 2021-22 fiscal year second quarter net profit hits a record high India’s leading steel producer JSW reported that its net profit in the second quarter (July to September) of the 2021-22 fiscal year reached a record high of 53.93 billion rupees (US$718 million). During this period,…
LMM Global Steel Information Quick View (2021.10.27) German crude steel production increased by 16.1% in January-September According to the German Iron and Steel Union, in September this year, German crude steel output was 3.34 million tons, an increase of 10.7% year-on-year. From January to September this year, the total crude steel output was 29.9 million…