LMM Global Steel Information Quick View (2021.10.22) Tenaris will restart its Beidun plant in Texas Tenaris recently announced that it will restart its seamless steel pipe plant in Beidun, Texas in March next year. At present, it has been recruiting personnel, debugging and installing new equipment, and testing the system. According to Mysteel, Tenaris’ restart…
LMM Global Steel Information Quick View (2021.10.22) Scrap prices continue to rise, Bangladesh steel mills increase rebar quotes International scrap prices continue to rise this week. With the increase in procurement costs, Bangladesh long steel mills have begun to gradually increase the ex-factory prices of rebar by 1500-2000 taka/ton, or about 18-25 US dollars/ton. At…
LMM Global Steel Information Quick View (2021.10.21) Italian port strikes, steel prices may bottom out According to Mysteel, Italian steel coil prices may have bottomed out, and prices are expected to rise due to the country’s economic recovery, rising energy costs, and protests against the introduction of the country’s COVID-19 directive. The source said that…
LMM Global Steel Information Quick View (2021.10.21) Pakistan announces new comprehensive steel industry policy Mysteel was informed that Pakistan’s Minister of Industry and Production Makhdum Khusro Bakhtyar stated on October 15 that after consultations with stakeholders in the steel industry, the Pakistan Association of Large Steel Producers (PALSP) will soon announce a new comprehensive steel…
LMM Global Steel Information Quick View (2021.10.21) Turkey’s pig iron imports from January to August fell year-on-year Mysteel was informed that, according to the statistics of the Turkish Statistical Institute (TUIK), the total import volume of pig iron in Turkey in the first eight months of this year was approximately 770,300 tons, a year-on-year decrease…
LMM Global Steel Information Quick View (2021.10.21) Tata Steel increases the price of pipe products Tata Steel Limited, India’s leading welded pipe manufacturer, increased the price of structural pipes by INR 1,000/ton (US$13/ton) for the second time in October 21. The current offer price of Jamshedpur in eastern India is 72,000 Indian rupees/ton (972 US…
LMM Global Steel Information Quick View (2021.10.21) U.S. profile steel imports increase in August According to statistics from the U.S. Department of Commerce, in August this year, U.S. section steel (including U, I, H, L, and T section steel) imports totaled 47,039 tons, a decrease of 13.4% month-on-month, but an increase of 232.4% year-on-year. In…
LMM Global Steel Information Quick View (2021.10.21) U.S. rebar exports fell in August According to statistics from the U.S. Department of Commerce, in August this year, U.S. rebar exports totaled 22,193 tons, down 12.5% month-on-month and 0.8% year-on-year. In terms of value, rebar exports totaled US$23.3 million in August, compared with US$24.2 million in July…
LMM Global Steel Information Quick View (2021.10.21) BHP Billiton and POSCO explore steel decarbonization According to a press release issued by BHP Billiton (BHP), it has reached a Memorandum of Understanding (MoU) with POSCO to explore technologies to reduce greenhouse gas emissions in the steelmaking process. As part of the memorandum of understanding, BHP Billiton…
LMM Global Steel Information Quick View (2021.10.21) Mexico AHMSA resumes hot roll production Mysteel was informed that the hot rolling mill of the Mexican integrated steel manufacturer Altos Hornos de Mexico (AHMSA) has resumed production after two weeks of maintenance. AHMSA stated that the maintenance work aims to modify and repair the company’s equipment and…