ArcelorMittal Nippon Steel India initiates feasibility study for 12-million tonnes per year steel project in Odisha

ArcelorMittal Nippon Steel (AM/NS) India along with the Odisha government has initiated a feasibility study for its proposed 12 million tonne per annum (MTPA) integrated steel plant in Kendrapara district of the state. In March 2021, AM/NS India had signed a memorandum of understanding (MoU) with the Odisha government for setting the greenfield project in Kendrapara with an investment of Rs […]

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China’s metal imports from Myanmar show mixed trends post the coup

Chinese trade data gave a mixed snapshot of neighbour Myanmar’s ability to keep up metal shipments in March amid unrest after February’s coup, with flows of nickel pig iron (NPI) dwindling to almost nothing but those of copper doubling month-on-month. With Chinese firms directly involved in Myanmar metals mining, imports of stainless steel raw material NPI […]

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Steel supply curbs in China proving to be a boon for Indian steel makers

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China, the largest consumer of steel, is facing supply curbs which bode well for steel demand and prices globally. Limited exports out of China, as Beijing targets zero emissions over time, will lower the risks of cheap steel imports into India and will likely boost capacity utilisations across domestic steel manufacturers. For domestic steel manufacturers […]

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Growth-oriented govt agenda seen driving India’s steel demand up nearly 20% in 2021, says worldsteel

India’s steel demand fell by 13.7% in 2020, but is expected to rebound by 19.8% in 2021 driven by the growth-oriented government agenda even as private investment takes longer to recover, worldsteel said in its latest short range outlook released on Thursday, India suffered severely from last year’s extended period of severe lockdown, which brought most […]

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China’s steel demand seen rising 3% in 2021, but fall next year as stimulus effect subsides – worldsteel

Most steel-using sectors in China will show moderate growth and the country’s steel demand is expected to grow by 3.0% in 2021, but decelerate to 1.0% as the effect of the 2020 stimulus subsides, and the government focuses on more sustainable growth, worldsteel said in its latest short range outlook. The government’s reaction to the […]

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Global steel demand to grow by 5.8% in 2021 to reach 1,874.0 million tonnes, says Worldsteel

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Global steel demand will grow by 5.8% in 2021 to reach 1,874.0 million tonnes (Mt), after declining by 0.2% in 2020, worldsteel forecast in its latest short range outlook on Thursday, adding that in 2022 steel demand will see further growth of 2.7% to reach 1,924.6 Mt. The current forecast assumes that the ongoing second […]

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