Vietnam’s steel production rebounded in September

LMM Global Steel Information Quick View (2021.10.27) Vietnam’s steel production rebounded in September According to data from the Vietnam Iron and Steel Association (VSA), Vietnam’s September steel production was 2.4 million tons, an increase of 2.13% from the previous month, which was the same as last year. During the same period, steel sales increased by…

The uptrend in Japanese scrap pricescontinues

The uptrend in Japanese scrap pricescontinues

The uptrend in Japanese scrap pricescontinues In South Korea, Hyundai Steel raisedits bid for Japanese H2 scrap in its scrap auction on 21 October. The mill’sbid for H2 at JPY 54,500/tonne ($478/t) fob is JPY 2,500 ($22) higher than itstendered price on 14 October. It placed an order for 3,000-5,000 tonnes of H2scrap, South Korean…

Pohang Group and South Korea Hydro Nuclear Power Corporation carry out the use of by-product hydrogen in steel plants

LMM Global Steel Information Quick View (2021.10.22) Pohang Group and South Korea Hydro Nuclear Power Corporation carry out the use of by-product hydrogen in steel plants Recently, POSCO has cooperated with Korea Hydro Nuclear Power Corporation to promote the fuel cell power generation business by using hydrogen by-product from steel plants. The two parties signed…

Tata Steel increases the price of plate products

LMM Global Steel Information Quick View (2021.10.22) Tata Steel increases the price of plate products Tata Steel announced that, starting from 15th, the October delivery price for delivery on October 21st will be increased again by about 750 Indian rupees/ton (10 US dollars/ton). The actual prices after the increase are 67,500 Indian rupees/ton (899 US…

Pakistan orders Korean hot rolls

LMM Global Steel Information Quick View (2021.10.22) Pakistan orders Korean hot rolls Mysteel learned from Pakistani sources that a large steel mill in southern Pakistan has ordered 7,000 tons of hot rolled coil from South Korea. The transaction was calculated at US$940/ton CFR last weekend and delivered in December 21. According to Mysteel research, Pakistan’s…

JSHL launches new precision strip rolling mill

LMM Global Steel Information Quick View (2021.10.22) JSHL launches new precision strip rolling mill Mysteel learned that Jindal Stainless Steel Co., Ltd. (JSHL) said on Wednesday that it has opened a precision strip mill with an annual capacity of 26,000 tons at its Hisar plant, which means that the company’s expansion plan has entered the…

Kardemir exports railway wheels to the EU

LMM Global Steel Information Quick View (2021.10.22) Kardemir exports railway wheels to the EU Mysteel learned that Kardemir, Turkey’s largest integrated long products manufacturer, has completed the export certification process and signed a sales contract for railway wheel transportation with EU buyers. Previously, Kardemir started mass production of railway wheels in October 2019, and won…

ThyssenKrupp plans to achieve net zero carbon dioxide emissions by 2030

LMM Global Steel Information Quick View (2021.10.22) ThyssenKrupp plans to achieve net zero carbon dioxide emissions by 2030 According to Mysteel, the distribution department of ThyssenKrupp in Germany stated on October 20 that ThyssenKrupp Material Services plans to accelerate the decarbonization of the steel supply chain and achieve “climate neutrality” by 2030. The company stated…