HAWSON OBTAINS LETTERS OF INTENT FOR THE SALE OF 58 MILLION TONS OF HIGH-GRADE IRON ORE The global steel industry is under increasing pressure to decarbonize output, and Australia's Hawsons Iron Ltd. has signed to non-binding Letters of Intent (LOIs) for the offtake of up to 58 million t...
GALVANIZED WIRE IMPORTS FROM CHINA AND SOUTH KOREA ARE SUBJECT TO AD TARIFFS FROM THE MINISTRY According to the finance ministry, Japan would place anti-dumping taxes on imports of hot-dipped galvanized steel wire from China and South Korea for a five-year term. The tariffs, to be imposed betwe...
RINL PROVIDES THE STRUCTURAL STEEL FOR THE GUJARATI AMNS EXPANSION PROJECT For its expansion project in Hazira, Gujarat, AMNS India received 1,800 tons of structural steel from RINL, a company situated in Visakhapatnam. The Gujarat-based steel manufacturer AMNS India started...
NIPPON STEEL IS LOOKING FOR MORE SUPPLIES OF COKING COAL The fourth-largest producer of steel in the world, Nippon Steel Corp., plans to increase its ownership of coking coal mines in order to ensure a steady supply of this essential component. The largest ...
GAINS IN IRON ORE FUTURES CONTINUE, BUT GROWING VIRAL CASES KEEP DEMAND WORRIES ALIVE The main contract is likely to post a weekly loss as record-high COVID-19 instances at the leading steelmaker impacted mood, while Dalian iron ore futures climbed on Friday, continuing a recovery on n...
FOR ITS JAMSHEDPUR ROLLING MILL, TATA STEEL LONG PRODUCTS PURCHASES REDUCTION AND SIZING BLOCKS Tata Steel Long Products Limited has requested a delivery of an RSB 370++/4(5) in 5.0 design from Friedrich KOCKS GmbH & Co. KG. The business's new rolling mill complex in Jamshedpur, India will inclu...
RIO TINTO INTENDS TO CONSTRUCT A PILOT PLANT FOR THE PRODUCTION OF LOW-CARBON IRON Using ores obtained from mines in Australia's Pilbara region, Rio Tinto, an Australian mining company, has successfully shown the efficiency of their low-carbon iron-making process, known as BioIron. ...
MUBEA AND SALZGITTER HAVE AN AGREEMENT FOR THE SUPPLY OF GREEN STEEL A Memorandum of Understanding (MOU) between automotive supplier Mubea and Salzgitter Flachstahl GmbH has now been signed with a view to fostering closer collaboration on the subjects and concerns of s...
INDIAN GOVERNMENT REMOVES EXPORT TAXES ON STEEL The Indian government announced the withdrawal on Friday night, effective Saturday. This year in May, duty was imposed. According to a statement from the Indian Finance Ministry, export duties would n...
RISING VIRUS CASES FUEL CONCERNS ABOUT DEMAND, SENDING IRON ORE FUTURES LOWER Tuesday saw a decline in iron ore prices as growing COVID cases in China, the world's largest steel producer, stoked demand worries. However, the nation's initiatives to boost the struggling real esta...
PRICES OF EUROPEAN HRC ARE UNDER PRESSURE DUE TO UNFAVORABLE SENTIMENT Participants in the European HRC market are warning against additional price decreases in light of developments in the import market. Although some saw the potential to close transactions for as littl...
NEW SPOOLED BARS LINE WILL BE INSTALLED BY PITTINI GROUP AT THE POTENZA FACTORY Pittini Group, an Italian steel manufacturer, looked to Danieli for a new line to be erected in Potenza, Italy, downstream from the current bar mill, for the production of high-quality spooled bars in...
