China's rebar output up 1.2 percent
In the January-April period this year, China's rebar production output totaled 77.339 million mt, up 1.2 percent year on year, according to China's National Bureau of Statistics (NBS). In the...
Industrial News
UK energy policy needs accelerating: UK Steel
Trade association UK Steel has reiterated that measures to boost competitiveness need accelerating as high energy prices and weak demand are taking an enormous toll on the steel...
German steel giant: “No industry has ever survived on subsidies”
9 May 2023 – For years, the German steel giant thyssenkrupp Steel has been drawing a substantial part of its existence from the German and European taxpayer in the form of direct and indirect subsidies,...
Iron ore hits five-month low on weak China factory activity data, demand worries
Dalian and Singapore iron ore futures hit five-month lows on Thursday, following a more than 10% drop in the past month, with the weaker-than-expected China factory activity data and gloomy near-term...
EU steel tube output up 1.9% in 2022, to fall by 1 .8% in 2023
According to the Economic and Steel Market Outlook 2023-2024/Q2 2023 Report from the Economic Committee of the European Steel Association (EUROFER), in the fourth quarter last year output...
AISI Releases GHG Emissions Guidelines for Steel
WASHINGTON, D.C. –The American Iron and Steel Institute (AISI) today released recommended steel industry greenhouse gas (GHG) emissions calculation guidelines to provide consistent...
Global steel prices falling
Spot steel prices across the world remained under pressure falling on Friday 1 July to under US$1000/t in the USA, under US$900/t in Europe, and approached US$650/t out of China where steel mills have...
Analysis of the Influence of Three Important Indicators on the Trend of Steel Prices
Analysis of the Influence of Three Important Indicators on the Trend of Steel Prices The three indicators are: Komatsu excavator operating hours, production and inventory data of key steel enterprises...
Revisions for Press-Brake-Formed Steel Tub Girder Bridges to be Included in AASHTO Specifications
WASHINGTON D.C. – The Short Span Steel Bridge Alliance (SSSBA) has initiated revisions affecting the use of press-brake-formed steel tub girder (PBTG) bridges that will be included in the 10th edition...
Shanghai epidemic raises concerns about shipping
On April 2, Ye Xinran, a reporter from Economic Observer.com, showed a picture of a cargo ship docked on the seashore of Shanghai circulating on the Internet. The densely packed ship logos in the picture...
Britain Released A Huge Budget to Support the Steel Industry
Britain released a huge infrastructure budget to support the steel industry. According to the government's 2020 budget document released on March 11th, Britain will invest a total of £640bn...
Indian Countervailing Duty on Chinese Welded SS Pipes
India makes a final countervailing duty mid-term review on welded stainless steel pipes from China. On Feb 9th, 2022, the Ministry of Commerce and Industry (MOI) issued a final ruling on the mid-term...