Global crude steel production reached 1,869.9 million tonnes (million tonnes) for the year 2019, up by 3.4 per cent compared to 2018. Crude steel production contracted in all regions in 2019 except in Asia and the Middle East. Asia produced 1,341.6 million tonnes of crude steel in 2019, an increase of 5.7 per cent compared […]
To securitise its iron ore requirements, ArcelorMittal Nippon Steel (AMNS) is participating in the ongoing auctions of iron ore mines in Odisha, PTI reports. ArcelorMittal Nippon Steel India (AMNS India) is a 60:40 joint venture between L N Mittal-owned ArcelorMittal and Japan-based Nippon Steel Corporation. “We are participating in ongoing auctions of mines in Odisha,” […]
Steel companies and mining companies in India have heaved a sigh of relief after the government amended the prevailing mining law to permit the “seamless transfer” of regulatory approvals to new owners of operational iron ore mines, the Economic Times reported. Earlier last week, the government amended the Mines & Minerals (Development & Regulation) Act […]
The production cost difference between integrated steel producers and others is expected to increase sharply after the aggressive bidding by merchant iron ore in Karnataka. The iron ore cost is set to rise 30-40 per cent for non-integrated steel companies after the Karnataka auction. Bidders have to commit a portion of their iron sales realisation […]
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 147.8 million tonnes in November 2019, a 1.0 per cent decrease compared to November 2018. China’s crude steel production for November 2019 was 80.3 million tonnes, an increase of 4.0 per cent compared to November 2018. India produced 8.9 […]
China’s crude steel output in 2020 is expected to ease from a record high this year to 981 million tonnes, a government consultancy said last week, reported by Reuters. The 2019 output for the world’s top steel producer is seen at 988 million tonnes, according to Li Xinchuang, president of the China Metallurgical Industry Planning […]
India’s crude steel production for November 2019 fell to 8.92 million tonnes, down 2.9 per cent year on year and 1.8 per cent lower against October, provisional data released earlier this week by the Joint Plant Committee (JPC) showed. Likewise, finished steel production in November fell to 7.80 million tonnes, 7 per cent lower than […]
Output of eight core infrastructure industries contracted by 5.8 per cent in October, indicating the severity of economic slowdown, according to government data. Eight core industries posted marginal 0.2% growth in output for April-October 2019. As many as six of eight core industries saw a contraction in output in October. The Eight Core Industries carrying […]
India’s crude steel output fell 3.4 per cent to 9.089 million tonnes during October this year, according to World Steel Association (worldsteel). The country had produced 9.408 million tonnes crude steel during the same month a year-ago, the global industry body said in its latest report. Global steel output stood at 151.494 million tonnes in […]
The European Union launched a complaint at the World Trade Organization (WTO) on Friday against Indonesia’s curbs on exporting nickel and other raw materials, which are designed to benefit its own smelting and stainless steel industries, as per a Reuters report. The European Commission, which coordinates trade policy in the 28-member EU, said the restrictions […]
