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Global insight

U.S. crude steel production fell 7% year on year in the fourth week of February

According to the American Steel Association (AISI), the fourth week of February (as at 27 February 2021), the US crude steel production is estimated at 1.749 million short tons (1.5867 million tons), 7% lower than 1.88 million tons in the same period last year...

Monday, March 8, 2021

AM/NS India plans to invest $6.88 billion to build a steel plant

According to Reuters, the company will spend $6.88 billion to build a steel plant in eastern India’s Odisha under an agreement with ArcelorMittal Nippon Steel India.

Monday, March 8, 2021

U.S. steel prices are nearly 70% higher than the global prices

It is understood that the current U.S. steel plant capacity utilization rate is only 75%, far below last February 82% level.

Monday, March 8, 2021

Hegang Group and BHP hand in hand to “carbon emissions reduction”

A few days ago, the chairman of the world iron and steel association, party secretary of hegang group, chairman yu yong and bhp chief executive officer Mike Henry around carbon reduction and climate change and further strengthen cooperation in low-carbon metal...

Monday, March 8, 2021

Southern Africa has ‘huge potential’ to benefit from the shift to green hydrogen

While there is growing momentum across the world around investment in hydrogen and the related import and export value chains, management consulting company Kearney MD Romain Debarrewarns that there is still a lack of supply and demand for the hydrogen economy...

Monday, March 8, 2021

Australia’s coal miners unprofitable at $50/t

The stronger pricing environment is more than offsetting the higher costs, with most firms guiding for a much more profitable January-June than July-December.

Monday, March 8, 2021

Western Australian iron ore shipments close to average

Fortescue shipped 3.42mn dwt, up from 3.01mn dwt the week before but 3pc below its average of 3.54mn dwt.

Monday, March 8, 2021

Xu Lirong, deputy to the National People's Congress: injecting more "Chinese elements" into global shipping and trade dispute settlement

In order to realize the transformation from a shipping power and a maritime power to a shipping power and a maritime power, China must constantly increase its voice in rule-making and influence in the handling of commercial disputes in the field of shipping an...

Friday, March 5, 2021