LMM Global Steel Information Quick View (2021.10.14) NLMK Group’s production in the third quarter fell 15% from the previous quarter Mysteel learned that the steel output of the Russian steel manufacturer NLMK Group in the third quarter was 3.9 million tons, a decrease of 15% from the previous quarter and a year-on-year increase of 1%.…
LMM Global Steel Information Quick View (2021.10.14) Pohang Steel Announces Reduction of Medium and Heavy Plate Supply in the Secondary Market According to Mysteel, POSCO has decided to reduce the market share of plate sales by more than 30%, and will mainly supply heavy plates to shipyards in the fourth quarter of this year. POSCO…
LMM Global Steel Information Quick View (2021.10.14) Turkey’s August HRC exports fell month-on-month Mysteel was informed that, according to the Turkish Statistics Agency (TUIK), Turkey exported approximately 256,100 tons of hot-rolled coils in August, an increase of nearly 33% month-on-month and 16.4% year-on-year. The export value was approximately US$262.4 million, an increase of nearly 49%…
LMM Global Steel Information Quick View (2021.10.14) Peru Prodac Bekaert invests 15 million US dollars to expand factory Peruvian wire producer Peruvian Prodac Bekaert will invest USD 15 million to expand its EI Callao plant. According to media reports, the expansion project is expected to be carried out in 2022. Prodac plans to increase the…
LMM Global Steel Information Quick View (2021.10.14) Vietnam Hefa becomes the 15th largest steel company in the world According to a report by the British financial analysis company Refinitiv Eikon, Vietnam Hefa Group ranks 15th among the 30 largest steel companies in the world, with a market value of US$11 billion. It is understood that…
LMM Global Steel Information Quick View (2021.10.14) Tata Steel plans to levy energy surcharges in the UK According to Mysteel, the steel manufacturer Tata Steel will implement energy surcharges related to electricity and natural gas prices in the UK. The amount of the surcharge is currently unclear, and the factory is still deciding. It is…
LMM Global Steel Information Quick View (2021.10.14) India makes its first anti-dumping sunset review final ruling on China-related color-coated sheets On October 8, 2021, the Ministry of Commerce and Industry of India issued an announcement stating that the first anti-dumping sunset review of Color Coated / Prepainted Flat Products Alloy Non-alloy Steel originated in or…
LMM Global Steel Information Quick View (2021.10.14) Ukraine’s crude steel production in January-September increased by 6.3% year-on-year Mysteel learned that the Ukrainian steel industry association Ukrmetallurgprom stated on October 12 that Ukraine’s crude steel output from January to September increased by 6.3% year-on-year, from 15.32 million tons in the same period last year to 16.29…
LMM Global Steel Information Quick View (2021.10.14) U.S. steel mills increase shipments in August The American Iron and Steel Institute (AISI) reported that in August this year, US steel mills shipped 8,404,900 net tons, an increase of 1.5% from the previous month’s 8,278,900 net tons, and an increase of 28.7% from the 6,532,700 net tons…
LMM Global Steel Information Quick View (2021.10.14) Industry recovery, Japan’s October-December crude steel output increased by 9.6% year-on-year Japan’s Ministry of Economy, Trade and Industry (METI) stated that Japan’s crude steel production in the October-December quarter is expected to increase by 9.6% year-on-year, supported by the recovery of the manufacturing industry. This marks three consecutive…