Strong steel consumption in Latin America

LMM Global Steel Information Quick View (2021.10.13) Strong steel consumption in Latin America Mysteel was informed that according to the Latin American Iron and Steel Association (Alacero), the Latin American steel industry continued to recover during the first seven months of the year due to the increase in regional steel consumption. As of July this…

Central Steel & Wire expands service center to Illinois

LMM Global Steel Information Quick View (2021.10.13) Central Steel & Wire expands service center to Illinois Ryerson Holdings announced today that its wholly-owned subsidiary Central Steel & Wire (CS&W) has signed a lease to lease a 900,000-square-foot state-of-the-art service center facility in University Park, Illinois, which will become the headquarters and Operations Center. Ryerson is…

Formosa Plastics Ha Tinh’s December hot-rolled coil offer stabilizes and cancels subsidy policy

LMM Global Steel Information Quick View (2021.10.13) Formosa Plastics Ha Tinh’s December hot-rolled coil offer stabilizes and cancels subsidy policy Mysteel learned from reliable market sources that Vietnam’s integrated steel giant Formosa Ha Tinh has adjusted the price of hot rolled coil (HRC) for delivery in December 21, and the effective price of hot rolled…

Taiwan Province’s total steel exports from January to September increased by 44.6%

LMM Global Steel Information Quick View (2021.10.13) Taiwan Province’s total steel exports from January to September increased by 44.6% According to preliminary statistics from Taiwan’s Ministry of Finance, Taiwan’s steel exports in September this year increased by 69.1% year-on-year to US$1.99 billion. This month, Taiwan Province’s steel imports totaled US$1.32 billion, a year-on-year increase of…

Indonesia’s new PT Krakatau Steel blast furnace is expected to be put into operation in the third quarter of next year

LMM Global Steel Information Quick View (2021.10.13) Indonesia’s new PT Krakatau Steel blast furnace is expected to be put into operation in the third quarter of next year According to reports, Indonesian steel manufacturer PT Krakatau Steel’s new blast furnace will be put into operation in the third quarter of 2022 and is currently actively…

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Myanmar will restart Pinpet factory in fiscal year 2023-2024

LMM Global Steel Information Quick View (2021.10.12) Myanmar will restart Pinpet factory in fiscal year 2023-2024 Myanmar plans to restart the Russian-backed Pinpet plantin Shan State in the financial year 2023-2024, according to the chairman of theState Administration Council (SAC) Senior General Min Aung Hlaing. The SAC chairman went to No.2 SteelMill Project (Pinpet) operated…