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Chongqing Iron & Steel 3# blast furnace successfully resumed production

On the morning of February 2, Chongqing Iron and Steel 3# blast furnace re-production and ignition success, marking the Chongqing Iron and Steel blast furnace system upgrading project completed, opened Chongqing Iron and Steel “three big one small” four blas...

Wednesday, February 3, 2021

US HRC: Prices flat for first time since August

The Argus weekly domestic US HRC index was flat at $1,200/st ex-works Midwest last week. Lead times fell to 7-8 weeks from 8-9 weeks.

Wednesday, February 3, 2021

Russian ferrous raw material supply tightens in 2020

Russian integrated steel producers NLMK, Severstal and MMK increased raw material production in 2020.

Wednesday, February 3, 2021

China stainless steel output, consumption rise in 2020

The country produced 30.14mn t of crude stainless steel in 2020, up by 2.51pc from 2019.

Wednesday, February 3, 2021

Russian mills’ steel sales fall in 2020

Urals-based MMK sold 5pc less steel in 2020, reaching 10.8mn t, of which 4.3mn t was hot-rolled coil (HRC), down by 3.8pc on the year.

Tuesday, February 2, 2021

ArcelorMittal raises HRC offers again

The last increase was on 8 January, making this the fifth offer hike since mid-November last year of a total of 200/t.

Tuesday, February 2, 2021

U.S. Steel Corp. completed its acquisition of the remaining 50.1% of Big River Steel Corp.’s shares

U.S. Steel Corp. recently bought the remaining 50.1% of Big River Steel. The acquisition cost $774 million, while U.S. Steel spent about $700 million when it acquired a 49.9% stake in Big River Steel in November 2019.

Tuesday, February 2, 2021

India's JSW Steel to reach 23mn t/yr capacity in March

Indian steelmaker JSW Steel aims to complete 5mn t/yr of expansion projects by the end of March, increasing its crude steelmaking capacity to 23mn t/yr.

Tuesday, February 2, 2021