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China’s steel output hits new record high in August
China's crude steel output hit a new record high in August as firm domestic demand extended into the traditional late summer low season. Crude steel output stood at 94.85mn t in August, up by 1.6pc from July and higher by... Read more
China’s pig iron production increased by 3.4% on year to 589.4 million tonnes over January-August, with the growth lower than that of crude steel output at 3.7% over the same period, according to data from the country’s National Bureau of... Read more
The iron and steel industry is a multi billion industry globally, and the 15 largest pig iron producing countries in the world have taken full advantage of this fact. Pig iron is an intermediary product in the iron industry, and... Read more
As a result, in Croatia, among other things, the relatively rapid start of serial production of the first aluminum products for the German BMW is expected, with Croatian experts on hand to once again show the level of skill that... Read more
Iron ore prices hit six-and-half year highs on Tuesday as Chinese furnaces, where more than half the world’s steel is forged, roll out crude steel at a never before seen pace. According to Fastmarkets MB, benchmark 62% Fe fines imported... Read more
US metallurgical coal supplies may fall sharply in 2020, and stay relatively low in 2021 on weaker consumption in North America and Europe, according to US investment bank Benchmark Company. Domestic US coking coal consumption is due to fall this... Read more
The market for pig iron exports from the Commonwealth of Independent States (CIS) was strong during the week to Thursday August 7 amid further demand in China and new sales to Italy, sources said. Fastmarkets’ weekly price assessment for high-manganese ... Read more
Iron ore's costs in making steel in Europe have increased progressively in the past year and outpaced met coal costs further. Despite low steel demand, iron ore relative costs to metallurgical coal in European steel making have exceeded the last... Read more
Ukraine climbed to ninth place in world pig iron production and dropped to 13th place in world steel production in the first half of 2020, according to figures from the World Steel Association (worldsteel). "Ukraine ranks ninth among 40 pig... Read more
Foundry › FOUNDRIES CUT INVESTMENTS
4TH CORONA INDUSTRY SURVEY: GERMANY'S FOUNDRY INDUSTRY CUTS INVESTMENTS AND EXPECTS SALES TO DROP DRASTICALLY IN 2020. Whether the recession will affect employment may also depend on the extension of the short-time work allowance and the performance of the main... Read more