LMM Global Steel Information Quick View (2021.10.14) Myanmar will restart Pinpet factory in fiscal year 2023-24 The chairman of the Myanmar State Administration Committee (SAC) MinAung Hlaing said that Myanmar plans to restart the Russian-backed Pinpet factory in Shan State (the eastern state of Myanmar) in the fiscal year 2023-2024. The second steel plant project…
LMM Global Steel Information Quick View (2021.10.14) Global crude steel production fell 1.4% year-on-year in August On September 23, the World Steel Association (WSA) released data on global crude steel production for August. In August, the crude steel output of 64 countries and regions included in the World Steel Association’s statistics was 156.8 million tons,…
LMM Global Steel Information Quick View (2021.10.14) Tosyali signs transportation agreement with Algeria National Railway Company Mysteel learned that Tosyali Algerie, a subsidiary of Tosyali, one of Turkey’s largest steel producers, has signed a cooperation agreement with the Algerian National Railway Company (SNTF) for the transportation of raw materials and steel products. Details of the…
LMM Global Steel Information Quick View (2021.10.14) U.S. crude steel production in one week (as of 10.9) As of the week of October 9, 2021, the domestic crude steel production in the United States was 1.858 million net tons, and the capacity utilization rate was 84.2%. The output in the same period last year was…
LMM Global Steel Information Quick View (2021.10.14) China’s wire rod import orders increase Due to the recent power restrictions in China, in addition to the impact on the production of steel-making enterprises, the production of billet-smelting and rolling mills has also been restricted to varying degrees, especially in East China. While importing semi-finished steel products,…
LMM Global Steel Information Quick View (2021.10.14) Bangladesh GPH Ispat exports 30,000 tons of billet to China Mysteel learned that Bangladesh’s GPH Ispat exported about 30,000 tons of billet to China on October 5, priced at US$695/ton CFR China, and is expected to arrive in China on October 19. High production and logistics costs have…
LMM Global Steel Information Quick View (2021.10.14) Recent changes in China’s graphite electrode market At present, there is still a wait-and-see mood in the purchase of downstream steel mills of China’s graphite electrodes, and market transactions are still weak. However, due to the tight supply of the graphite electrode market and the high cost, graphite…
LMM Global Steel Information Quick View (2021.10.13) Malaysia makes its first anti-dumping sunset review final ruling on China-related cold rolled coils On October 8, 2021, the Ministry of International Trade and Industry of Malaysia issued an announcement stating that it will deal with alloys and non-alloys with a thickness of 0.20 mm to 2.60 mm…
LMM Global Steel Information Quick View (2021.10.13) American Nucor acquires coil processing plant U.S. Steel Company Nucor announced on October 6 that its Nucor Fastener division has acquired a cutting-edge coil processing plant located in Shelbyville, Indiana, USA. According to the report, Nucor’s newly acquired coil processing plant includes an automatic cleaning and coating line,…
LMM Global Steel Information Quick View (2021.10.13) NLMK launches new galvanized coated steel It is understood that the Russian steel manufacturer NLMK recently launched its new galvanized steel product for the construction and electrical industries, which has a more corrosion-resistant and environmentally friendly coating. With anticorrosive pigments based on chemical compounds, the coating applied after…