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Brazilian flat steel distributor sales decline again in October
Sales of flat steel products by Brazilian distributors declined to 310,000 mt in October, from 323,500 mt in September and 334,900 mt in August, according to the sector institute Inda. According to Inda, the three-month consecutive decline is considered a seasonal event, as the trend was repeate...Read more -
Steel bar,Steel pipe,Steel tube,Steel beam,Steel plate,Steel coil,H beam,I beam,U beam……US rebar exports down 14.3 percent in September
According to export data from the US Department of Commerce, US exports of rebar totaled 13,291 mt in September 2022, down 26.2 percent from August and down 6.2 percent from September 2021. By value, rebar exports totaled $13.7 million in September, compared to $19.4 million in the previous month...Read more -
Steel bar,Steel pipe,Steel tube,Steel beam,Steel plate,Steel coil,H beam,I beam,U beam……Canadian iron ore production down 20.9 percent in September
According to Statistics Canada, Canada produced 4,659,793 mt of iron ore concentrates in September, down 20.9 percent from August and down 17.1 percent from September 2021. Canadian iron ore producers shipped 4,298,532 mt of iron ore concentrates in September, down 9.9 percent from August and dow...Read more -
Steel bar,Steel pipe,Steel tube,Steel beam,Steel plate,Steel coil,H beam,I beam,U beam……China’s rebar output down 9.5 percent in January-October
In the January-October period this year, China’s rebar production totaled 198.344 million mt, down 13.8 percent year on year, according to China’s National Bureau of Statistics (NBS). In the first ten months, Chinese wire rod production amounted to 119.558 million mt, down 8.4 percent...Read more -
Steel bar,Steel pipe,Steel tube,Steel beam,Steel plate,Steel coil,H beam,I beam,U beam……China’s HRC output rises by 3.9 percent in January-October
In the January-October period this year, China’s hot rolled coil (HRC) production amounted to 156.359 million mt, up 3.9 percent year on year, according to China’s National Bureau of Statistics (NBS). In the same period, China’s cold rolled coil (CRC) production came to 35.252 m...Read more -
US and Canadian rig counts both rise slightly week-on-week Steel bar,Steel pipe,Steel tube,Steel beam,Steel plate,Steel coil,H beam,I beam,U beam……
Baker Hughes has reported that for the week ending November 18, 2022, the US rotary rig count increased by three to 782 rigs. The number of rigs drilling for gas increased by two to 157, while the number of rigs drilling for oil increased by one to 623. The overall US rig count is up by 219 rigs ...Read more -
Steel bar,Steel pipe,Steel tube,Steel beam,Steel plate,Steel coil,H beam,I beam,U beam……Alacero: Mexican steel market not affected by US supply glut
At the press conference concluding Alacero’s annual conference this week in Monterrey, Mexico, SteelOrbis asked Gustavo Werneck if he expects the US supply glut will that harm import opportunities in Mexico. “The US is currently dealing with a supply glut, especially on the flat rolle...Read more -
Latin American steel outlook influenced by inflation and monetary policy（Steel bar,Steel pipe,Steel tube,Steel beam,Steel plate,Steel coil,H beam,I beam,U beam……）
Alacero, the Latin American Steel Association, reported data today that show the growth outlook for the sector in Latin. America for late 2022 and early 2023 is moderate, given the context of global inflation and contractionary monetary policy, with banks in Latin America and the United States ti...Read more -
Alacero Summit 2022: Steel mill CEOs discuss opportunities for the industry Steel bar,Steel pipe,Steel tube,Steel beam,Steel plate,Steel coil,H beam,I beam,U beam……
The 2022 Alacero Summit in Monterrey, Mexico brought market leaders from throughout Latin America together to discuss market challenges, changes, and opportunities for the future. At the November 16 CEO panel, moderator Alejandro Wagner kicked off the discussion by asking Alacero President and Ge...Read more -
US wire rod imports down 22. 9 percent in September Steel bar,Steel pipe,Steel tube,Steel beam,Steel plate,Steel coil,H beam,I beam,U beam……
According to final census data from the US Department of Commerce, US imports of wire rod totaled 54, 126 mt in September 2022, down 22.9 percent from August and down 47.4 percent from September 2021 levels. By value, wire rod imports totaled $61.6 million in September 2022, compared to $86 5 mil...Read more -
How to Power a Steel Blast Furnace Using Only Hydrogen (Steel bar,Steel pipe,Steel tube,Steel beam,Steel plate,Steel coil,H beam,I beam,U beam……)
Steelmakers in Germany have taken a big step toward carbon neutral steel production by using hydrogen to power a blast furnace, reports Renew Economy. This is the first demonstration of its kind. The company that did the demonstration, Thyssenkrupp, has committed to reducing emissions by 30 perce...Read more -
Indian miner NMDC L imited sees 62% fall in profit in Q2 FY 2022-23
Indian government-run iron ore miner NMDC Limited has reported a consolidated net profit of INR 8.86 billion ($108.94 million) for the second quarter (July- September) of the fiscal year 2022-23, a decline of 62 percent year on year, a company statement said on Tuesday, November 15. The company r...Read more