Crude Steel

Egyptian monthly imports of semi-finished products for the years 2010 2014

  «Arab Metal» collected and prepared All statistics below, which is part of its database. Everyone can be use it, with reference to «Arab metal». Value: USD Quantity: tonnes All imports values CIF All export values FOB   Month Value (US$) Weight (ton) Nov-14 98,070,299 211,717 Oct-14 55,388,260 114,166 Sep-14 ...

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Japan says April-June crude steel output to fall to 6-yr low

  Reuters – Japan's crude steel output for April-June is forecast to drop 7.8 percent from a year earlier to the lowest for the quarter in six years, the Ministry of Economy, Trade and Industry (METI) said on Thursday. The fall would mark the latest in a series of signs ...

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China to cut 80 mt of steel capacity over 2015-17

Reuters – China will aim to cut as much as 80 million tonnes of excess steel capacity in the next three years to tackle a massive supply glut that has plunged much of the sector into crisis, a government official said on Saturday. Speaking at an industry forum, Luo Tiejun ...

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India: Mesco Steel, Posco in pact to set up finex furnace in Odisha

EconomicTimes – India's Mesco Steel has signed an initial agreement with Posco to set up a plant that would use the South Korean steelmaker's finexBSE 0.00 % technology to make steel.  The plant would come up at Mesco's facility at Jajpur in Odisha. This will help the local company venture ...

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Solb Misr to pump $US 200m in investments

  DailyNewsEgypt – Gamal El-Garhy, chairman of Solb Misr Company, said his company plans to pump approximately EGP 1.6bn, or $200m, in investments during the coming period. “We have some investments that we are currently developing,” he said, adding that the investment plan will last till 2017. The company is ...

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China plans to resolve steel industry overcapacity by 2017 and aims to build 3 to 5 giant steel mills by 2025

Xinhua – China will accelerate the overhaul of its overly-invested iron and steel sector to bring it back to a "basically balanced level" by 2017, the industry ministry said. The Ministry of Industry and Information Technology (MIIT) said it would aim to bring industrial average profit rate and return on ...

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Crude steel production rises slightly in February 2015

  WorldSteel – World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 128 million tonnes (Mt) in February 2015, a 0.6% increase compared to February 2014.  China’s crude steel production for February 2015 was estimated at 65.0 Mt. The total production for January ...

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LME and Turkish exchange team up on steel market

  FT – The London Metal Exchange will work with Turkey's Borsa Istanbul to develop products for the steel market, it said on Wednesday. The Turkish exchange will also acquire the LME's stake in clearing house LCH.Clearnet, reports Henry Sanderson, commodities correspondent. The country is aiming to become a financial ...

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ArcelorMittal sees no further capacity cuts in Europe

  Reuters – Steelmaker ArcelorMittal said it had no plans to cut capacity further in Europe even though cheap imports are expected to depress prices further this year. "Absolutely not," the head of ArcelorMittal's German operations, Frank Schulz, told Reuters on Monday when asked if further cuts were planned in ...

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Iran lifts Steel import duties on Chinese bulk export worries

Scrap Register – Iran has lifted import duties on certain steel products to between 10 and 20 percent, to protect domestic steel makers from Chinese bulk exports.   China has exported a record 94 million ton of steel during last year, an increase of more than 50% from a year ...

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