Iran’s steel sections production capacity reaches 47 million tonnes

The annual production capacity of Iranian steel sections producers has reached 47 million tonnes, while the figure was expected to reach 45 million tonnes, IRNA reported. Based on Iran’s Industry, Mining, and Trade Ministry’s data, there are currently 148 steel section production units nationwide and the total production capacity of these units is expected to […]

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India’s crude steel output dips 3.4% to 9.08 million tonnes in October 2019

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 […]

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ArcelorMittal to review its Canadian and Brazilian iron assets

The Mittals-owned ArcelorMittal is evaluating a potential sale of some of its iron ore operations, as the world’s biggest steelmaker seeks to cut debt by divesting non-core businesses, reports Bloomberg. The company is reviewing its iron ore assets in Canada, Brazil and Liberia. ArcelorMittal is reported to be speaking with financial advisers about options including […]

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Indian steel mills hope to invest in upcoming Saudi Arabian steel, iron ore projects

Indian steel manufacturers plan to strengthen their relationship with the Middle East market, especially Saudi Arabia, according to remarks made during the second day of the First International Saudi Iron and Steel Conference last week, reports S&P Global Platts. V.R. Sharma, managing director of India’s Jindal Steel and Power, said, “The industry will definitely grow […]

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India’s crude steel production rises 1.7% to 9.2 million tonnes in July 2019: Worldsteel report

India’s crude steel output increased by 1.7 per cent to 9.215 million tonness in July 2019, according to World Steel Association’s report. The country had produced 9.059 million tonnes of crude steel during the same month a year ago, the global steel industry body said in its latest report. Coincidentally, global steel production for the […]

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