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2020 - 05 - 12
Platts Daily Briefing provides over 290 steel prices and delivers the latest breaking steel news every morning. Receive information on rebar, steel plate and sheet steel prices as well as stainless and wire rod prices, and gain a holistic view of the market with insight on trade issues, investments, corporate news, M&A, and government actions.Daily articles, news and prices covering all aspects of the steel industry, to help you make better informed decisions.Global news coverage includes Asia, Europe, Middle East, Africa & the AmericasTimely delivery, price comparison tools and access...
2020 - 05 - 09
At the end of 2019, Baoshan Iron and Steel Co Ltd. (Baosteel) commissioned an integrated control center (ICC) for the CC3 two-strand continuous caster. The work was carried out in collaboration with Primetals Technologies at the company’s Steelworks No. 1 in Shanghai. This established an integrated control center for the operation and monitoring of the entire plant. The objective was to reduce the number of personnel working in the hazardous area (liquid steel area) and to relocate the work to the air-conditioned ICC. Standard tasks, which previously had to be performed manually, can now run a...
2020 - 03 - 26
The 15 percent plunge in iron ore prices in the past week certainly looks dramatic, but is more a case of the raw material finally catching up to a more established trend of weakness in Chinese steel prices.However, the drop in iron ore is more than just a cause for concern for miners in Australia, Brazil and South Africa, as it may alter the dynamics of what quality of ore Chinese mills prefer.The spot price of ore with 62 percent iron content MT-IO-QIN62=ARG, as assessed by Argus Media, dropped to $64.60 a tonne on Monday, down 6.9 percent from its previous close.Since its recent peak of $77...
2020 - 03 - 20
European Union countries are expected to next week approve a scheme to limit imports of steel into the bloc following U.S. President Donald Trump’s imposition of tariffs on steel and aluminum entering the United States.The vote on Jan. 16 would put in place an effective cap on steel imports for three years to counter concerns of EU producers that European markets could be flooded by steel products that are no longer being imported into the U.S..The bloc imposed “safeguard” measures on a provisional basis on imports of 23 steel product types in July, with an expiry date of Feb 4. The quota was ...
2020 - 03 - 18
16 January 2019China’s steel industry will shift its focus to optimising capacity structure, including products, location and ownership, in 2019, from reducing overall capacity, said an executive of the country’s iron and steel association on Monday.China is entering the fourth year of its supply-side reform push to streamline its bloated heavy industry and to pursue “high-quality development” from “fast-speed development.”Since 2016, the world’s largest steel maker has eliminated nearly 300 million tonnes of outdated steel production capacity and low-grade steel capacity, but around 908 milli...
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