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Steel: Brazilian producers announce across-the-board price increase
Brazilian steel and iron ore producer CSN announced a 10 percent price increase for all steel products in its line, including flat and long products, starting Jan. 1, 2023. Meanwhile, ArcelorMittal Tubarão announced that it has increased the price of HRC, CRC and...
India becomes net importer of finished steel in third quarter 2022-2023
According to data from the Ministry of Steel's Joint Plant Committee (JPC), India became a net importer of steel in the third quarter (October-December) of fiscal year 2022-2023, with domestic shipments exceeding overseas sales. Data showed India's total steel imports...
Steel: POSCO restarts CR steel mill No. 2 and electric steel mill No. 1
South Korean steelmaker POSCO Group announced that it has restored and restarted Cold Rolled Steel Plant No. 2 and Electric Steel Plant No. 1 in Pohang, after being suspended in September last year due to the fire caused by Typhoon Hinnamnor. Cold steel mill No. 2,...
Crude steel: China’s production will decline by 2.2 percent in 2022
At the 18th China Steel Industry Chain Summit held in Beijing, Qu Xiuli, vice-president and secretary-general of the China Iron and Steel Association (CISA), said China's crude steel production in January-November last year was 935 million tons, down 1.4% from the...