Rebar stockpiles grew from 3.37 million tons at the start of the year to 11.6 million
Considering that the current price of 62 percent iron ore for delivery to north China is once again near to $150 a ton, as evaluated by commodities price monitoring agency Argus, it’s not hard to understand why Beijing wants to decrease the price of steel raw material.
Demand for US pellets for European steel demand altering supply in the Atlantic and the Middle East
For long-term contracts, the dynamic price adjustments under long-term contracts result from increasing direct reduction of iron ore pellet quantities from countries like Russia, Ukraine, and Canada and the use of US pellets to satisfy a rebound in European steel demand.
China steel produced in 2020, first year in history more than a billion tons of basic steel
The most pressing issue for iron ore prices is whether demand for steel in China has peaked.
On-site electric arc furnace mills for the China’s steel sector and renewable energy
To be precise, China’s Ministry of Industry and Information Technology (MIIT) said the country had released a development plan that calls for reducing energy consumption in the steel industry. At the same time, MIIT aims for an “urgent” green development raw materials industry during the 14th five-year period (2021-2025). Market watchers tell S&P Global Platts […]
China’s Objective To Maintain 2021 Crude Steel Output At The Same Level As 2020
Steel and iron ore futures prices plummeted to their lowest levels since February 2020, as demand dwindled and prices plunged. BHP, Rio Tinto, and Fortescue Metals and the state and federal budgets of Western Australia and the United States felt the iron ore price decline. More Chinese steel plants have been forced to halt operations […]
Iran’s Steel Exports Increased 48% In The First Half Of The Current Iranian Calendar Year Compared To The Same Period Last Year
Iran produced over 12.888 million tons of crude steel in the first half of the current Iranian calendar year (March 21-September 22). The Islamic Republic has been subjected to sanctions across various businesses since the United States withdrew from the nuclear agreement, including the steel industry. Organizations and persons linked to Iran’s steel sector have […]
Magnesita Acquires Sormas As Input Prices Increase
According to RHI Magnesita, steel and industrial demand remained robust in the September quarter. Raw material assets and refractory facilities ran at high capacity and an order book with visibility through the first quarter of 2022. A “temporary higher level” of approximately 2x net debt-to-EBITDA is expected at year’s end, according to the FTSE 250 […]
Cliffs CEO optimistic demand for steel will return as automakers resume production
The company has idled Northshore Mining as steel demand declined during the pandemic. The “Big Three” car manufacturers are preparing to restart manufacturing next week, and Cleveland Cliffs, a major producer of iron ore pellets on the Iron Range, is hopeful steel demand will return with it. Cliffs idled its Northshore Mining iron mine and […]
China stainless steel hits nine-month high as local demand recovers.
Chinese stainless steel Futures rose on Monday, hitting their highest level in over nine months as domestic demand continued to recover after Covid-19 related shutdowns. The Most-traded stainless steel futures contract on the Shanghai Futures Exchange, for June delivery, rose to 4.4% before ending the session 4.0% higher at 13,675 yuan ($1,931.55) a tonne, the […]
The Decarbonizing Capability of Hydrogen: A Source to Reduce Emissions in Iron and Steel Production
https://www.resources.org/common-resources/the-potential-of-hydrogen-for-decarbonization-reducing-emissions-in-iron-and-steel-production/ The Decarbonizing Capability of Hydrogen: A Source to Reduce Emissions in Iron and Steel Production The steel production, which emits about 7% global CO₂, was evaluated by RFF’s Jay Bartlett and Alan Krupnick through the decarbonization process under Hydrogen and CCUS. This article is aimed to look at the recent report and to compare […]
