LMM Global Steel Information Quick View (2021.10.21) U.S. Steel Power’s third-quarter net income hits a record high Mysteel learned that Steel Power recently announced its financial results for the third quarter of 2021. The report stated that the net sales for the third quarter of 2021 were US$5.1 billion and the net profit was US$991…
LMM Global Steel Information Quick View (2021.10.21) South Korea’s September steel exports hit a new low this year According to data from the Korea Iron and Steel Association, the total export volume of steel products (excluding nails, welding rods, etc.) in September was 2.09 million tons, a year-on-year decrease of 21% (555,000 tons), which was…
LMM Global Steel Information Quick View (2021.10.21) New orders show rising Indian HRC export prices With the seasonal recovery of Indian domestic trade demand, local hot coil spot and export prices began to rebound this week. The latest transaction shows that Indian steel mills sold a number of hot rolled coils to Nepal at a…
LMM Global Steel Information Quick View (2021.10.21) U.S. cold rolled and hot-dip galvanized prices remain stable for the time being Previously, demand from the automotive industry supported the cold rolled and galvanized coil market in the United States. Prices of cold-rolled and galvanized coils continued to rise at a high level. Affected by the current…
India’s severe power shortage crisis, the northern states have power outages for 14 hours a day, and the recovery of the manufacturing industry is hindered! After India experienced the second wave of the new crown epidemic, the economy gradually recovered, and the demand for electricity has also increased substantially. The wind of the energy crisis…
LMM Global Steel Information Quick View (2021.10.19) U.S. hot-rolled bar exports increase in August Mysteel learned that according to the export data released by the US Department of Commerce, the US exported 39,724 tons of hot-rolled bars in August 2021, an increase of 4.8% month-on-month and 85.3% year-on-year, with a total export value of US$54.6…
LMM Global Steel Information Quick View (2021.10.19) Colombia’s August crude steel production increases Mysteel was informed that, according to the Colombian National Committee of Steel Manufacturers, the country’s crude steel production in August 2021 increased by 4.3% year-on-year to 117,908 tons, and long steel production increased by 24.5% year-on-year to 1,484,43 tons. In the first…
LMM Global Steel Information Quick View (2021.10.19) U.S. crude steel production per week (as of 10.16) As of the week of October 16, 2021, the domestic crude steel production in the United States was 1.882 million net tons, and the capacity utilization rate was 85.3%. The output in the same period last year was 1.549…
LMM Global Steel Information Quick View (2021.10.19) Irepas: high logistics costs, global long products market under pressure Spain’s CELSA Group Export Director Alexander Gordienko said on October 18 that under the coronavirus-related restrictions, the global economy has performed better than expected, and the growth prospects of developed countries have increased from 5.1% in April. It…
LMM Global Steel Information Quick View (2021.10.20) Brazil’s crude steel production increased in September According to the Brazilian Iron and Steel Association IABr report, Brazil’s crude steel production in September this year increased by 15.3% year-on-year to 3.1 million tons. During this period, domestic sales volume was 1.9 million tons, an increase of 1.2% year-on-year;…