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voda 14 juli 2022 06:57

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HBIS Develops Converter Sublance Sensors in China

Strategic Research Institute
Published on :
14 Jul, 2022, 6:12 am

Chinese steel giant HBIS has developed converter sublance sensors probe TSC & TSO and have deployed them in 200 tonne converter of HBIS Tangsteel Hot Rolling Department, replacing imported sensors. The real time readings show that the success rate was over 98% in carbon, oxygen fixation and temperature measurement, which are all better than foreign equipment. This is a new breakthrough of HBIS for developing world class steel making sensors.

Earlier Chinese steel mills were purchasing sublance sensors from foreign suppliers leads compatible and industry safety concerns. With its experiences in metallurgical temperature measurement sensors in the industry, HBIS teams developed the high precision sublance sensors. The team has made benchmarking to the international advanced level, through drawing design, material matching, welding and assembly process testing and process improvement, parameter correction, as well as more than 100 converter field testing, more than 2000 units of data comparison, finally developed of sublance sensor products with international advanced level.

Converter sublance is one of major equipment in the dynamic control of converter automation system and the sublance technology could effectively improve the automatic operation of converters. The sublance sensors are injected into the hot metal to collect information and the data are transmitted to the dynamic model to analyze to eventually improve the control hitting rate.

voda 14 juli 2022 06:57

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Fujian Sangang Minguang Rolls First Bar with KOCKS 3 Roll RSB

Strategic Research Institute
Published on :
14 Jul, 2022, 6:13 am

The government owned Chinese producer of special bar quality products Fujian Sangang Minguang has successfully modernized its bar mill line and rolled the first bar on their new KOCKS 3-roll Reducing- & Sizing Block. The RSB 370++/4 in 5.0 designs will further improve the quality of Sanmings SBQ products. Within a major modernization project the decision was made to invest into an upgrade of the existing mill, including the integration of a KOCKS RSB. The proven KOCKS 3-roll technology enables Sanming to meet highest standards in terms of quality. The commissioned RSB 370++/4 is located as finishing unit after 21 stands in H/V rolling mill arrangement and will produce bar in coil within a dimension of 16-48 mm diameters and straight bars within a dimension of 20-90 mm diameters in a 800.000 tonnes per annum mill line.

The large-scale modernization through a Chinese EPC contractor comprised additional rolling mill equipment. Despite the KOCKS Reducing & Sizing Block, the project included the supply of H/V stands, shears, a new bar in coil line with finishing facilities and the upgrade of the inspection line. In addition to the mechanical equipment also electric and automation components have been modernized to ensure minimum downtimes, maximum transparency and highest efficiency.

Sangang Minguang was founded in 1958 and is one of the most important steel producers in the Fujian province on the southeastern coast of China with 11 million tonnes of steel every year.

For more than 70 years KOCKS has stood for highest quality in the steel industry. KOCKS customers benefit from a unique KOCKS knowledge in 3-roll technology for special bar quality and tube production. Founder Dr Friedrich Kocks, the grandfather of Chairman Mr Ali Bindernagel, innovation took form early in the company‘s history by applying 3-roll technology to forming tube as well as wire rod and bar. With this technology he created a solution that increases the quality of the rolled product and improves efficiency while reducing costs. It was quickly established that the rolling process itself had an exceptional influence on the metallurgical and microstructure properties of the bar. This is where KOCKS was particularly active in developing innovative processes. For decades now the constancy of progress and new developments has made KOCKS a byword for excellence in the SBQ and seamless tube market, where quality standards are constantly being tightened – driven in part by the stringent requirements of the automotive industry.

voda 14 juli 2022 06:58

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Krakatau Steel Expects Strong Results for H1 of 2022

Strategic Research Institute
Published on :
14 Jul, 2022, 6:13 am

Indonesia’s leading steel maker PT Krakatau Steel expects its net profit to reach IDR 941.4 billion (USD 63 million) in the first half of 2022, a YoY increase of 90%, as production & sales rose by 10% & 11% to 1.11 million tonnes and 1.09 million tonnes resulting in 30% surge in to IDR 20.6 trillion. The growth in sales of hot rolled coil and cold rolled coil was supported by sales of downstream steel products such as ERW steel pipes, roofing products, guardrails and other products.

Krakatau Steel is currently finalizing its Hot Strip Mill 2, restarting the integrated strip mill and finalizing its blast furnace project with partners. It plans to operate the 1.2 million tonnes blast furnace in the third quarter of 2022 under cooperation with Baowu Zhongnan Steel. Krakatau Steel signed a memorandum of understanding with Baowu Group Zhongnan for the reactivation of the Krakatau Steel Blast Furnace plant in May 2022. The next collaboration is the development of the production of billet products such as steel products in the long product category, such as steel bars, sections, H Beams, I Beams , and others so that later they will be able to substitute for long steel products which had to be met through imports.

voda 14 juli 2022 06:58

0

Vietnam’s Steel Imports Shrink in H1 of 2022 while Exports Surge

Strategic Research Institute
Published on :
14 Jul, 2022, 6:14 am

Vietnam’s General Department of Customs announced that Vietnam’s steel imports totaled 1.24 million tonnes in June 2022, down 3% MoM while steel scrap imports shrank by 10% MoM to 0.56 million tonnes. In the first six months of 2022, Vietnam’s steel imports decreased by 9% YoY to 6.50 million tonnes while scrap imports decreased by 26% YoY to 2.53 million tonnes

China - 29.6 million tonnes, down 19% YoY

Japan - 10.2 million tonnes, up 9% YoY

South Korea - 6.8 million tonnes, down 12% YoY

Taiwan - 6.1 million tonnes, down 1% YoY

India -4.7 million tonnes, down 20% YoY

Indonesia - 2.8 million tonnes, up 142% YoY

On the other hand Vietnam's steel exports amounted to 0.86 million tonnes in June2022, up 16% MoM. In the January-June 2022, Vietnam’s steel exports decreased by 18% YoY to 4.83 million tonnes.

Cambodia - 0.7 million tonnes, down 2% YoY

US - 0.4 million tonnes, up 186% YoY

Italy - 0.4 million tonnes, up 77% YoY

Malaysia - 0.4 million tonnes, up 4% YoY

Philippines - 0.3 million tonnes, up 6% YoY

voda 14 juli 2022 07:00

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Fives to Supply Electric Steel Cold Rolling Mill to Baowu Wuhan

Strategic Research Institute
Published on :
14 Jul, 2022, 6:14 am

World's largest steel producer China's Baowu has entrusted Fives with the design and supply of two reversible cold rolling mills with automatic roll change for production of electric steel at Baoshan and Wuhan production sites. Fives will supply two DMS 20Hi EcoMill, a split housing mill, for the Baoshan site and a monobloc mill for the Wuhan site for grain oriented with high permeability and non grain oriented electric steel. The split housing mill allows for a larger gap between upper and lower work rolls during maintenance and changeover, while the monobloc mill provides better mechanical stability and dimensional properties.

The project also includes a proprietary breakthrough RollBotTM technology for both mills. RollBotTM is a fully automatic roll change system that performs fast, precise and safe roll change with no manual intervention, ensuring optimal safety and product quality.

Baowu has a diversified product portfolio, dominating China’s steel market, especially in auto sheet and electrical steel. The production of electrical steel is a top priority for the domestic market for hybrid electric vehicles and ultra-high voltage power transmission. The cold rolling mill is key to achieve the demanded electric steel properties.

Baowu's & Fives have long standing partnership of more than 30 years.

16 furnaces in operation

16 cold rolling mills for stainless and silicon steel

Strip processing lines: jumbo HAPL, DRAP, BAL for stainless steel; DCL & FCL for electric steel; CGL and CAL for carbon steel

Breakthrough technologies: transverse flux induction heater and ultra-rapid cooling system

voda 14 juli 2022 07:01

0

Klockner Acquires Hernandez Stainless & RSC Rostfrei Coilcenter

Strategic Research Institute
Published on :
14 Jul, 2022, 6:15 am

Duisburg Germany quartered steel processor & distributor Klockner & Co has acquired the two companies Hernandez Stainless & RSC Rostfrei Coilcenter in Germany. Both acquisitions have been made through Klöckner & Co’s German subsidiary, Becker Stahl-Service. The acquisitions mark Becker’s entry into stainless steel processing in a significant extension to its product and service portfolio. Hernandez provides surface machining and stocks stainless flat products. RSC is specialized in stainless steel coil cutting. The parties have agreed not to disclose the purchase prices for either company.

Hernandez and RSC Rostfrei Coilcenter operate extensive machine facilities and, throughout Europe, supply around 400 distributors as well as stainless steel processors in various industries. RSC Rostfrei Coilcenter is also a major supplier to Hernandez. Together, the two companies have about 70 employees and generated sales of around EUR 160 million in fiscal year 2021. Hernandez is headquartered in Hockenheim and RSC Rostfrei Coilcenter in Süßen in the German state of Baden-Württemberg.

The additions to the portfolio as a result of this latest transaction will enable customers in the future to purchase processed stainless steel through Becker. Becker has also already significantly expanded its service center activities in carbon steel and aluminum.

Klöckner & Co is one of the largest producer-independent distributors of steel and metal products and one of the leading steel service companies worldwide. Based on its distribution and service network of around 140 locations in 13 countries, Klöckner & Co supplies more than 100,000 customers. As a pioneer of the digital transformation in the steel industry, Klöckner & Co’s target is to digitalize and largely automate its supply and service chain and to become the leading digital one-stop-shop platform for steel, other materials, equipment and processing services in Europe and the Americas.

voda 14 juli 2022 07:02

0

UK’s TRA Proposes Dropping AD Duty on Rebar Imports from China

Strategic Research Institute
Published on :
14 Jul, 2022, 6:15 am

UK’s Trade Remedies Authority has proposed on 13 July 2022 that existing antidumping measures on imports of Steel Concrete Reinforcement Bars, also called High Fatigue Performance rebar, from China should be revoked as maintaining them would not be in the economic interests of Britain given high demand for the steel from its construction sector and a fall in supply from Russia, Belarus & Ukraine. TRA Chief Executive Oliver Griffiths said “Our judgment is that the impact on the British economy of higher prices would significantly outweigh the impact on the sole UK producer of rebar of removing tariffs on Chinese imports.”

The advice from the TRA is subject to a 30 day consultation. TRA will then consider and produce a Final Recommendation, which will be sent to the Secretary of State for International Trade who will make the final decision on whether to uphold the TRA's recommendation.

The antidumping measures were imposed back in July 2016 by the European Commission when the UK was still a part of the EU. The EC allowed the EU measure to expire on 29 July 2021, without review.

In 2021, the UK imported 35% of its rebar from Portugal, 14% from Spain, 13% Russia, 11% from Algeria and 9% from Turkey. Russia, Belarus & Ukraine supplied 27% of Britain's rebar imports

voda 14 juli 2022 07:02

0

Salzgitter AG's Board Approves Funds for SALCOS Green Steel Plant

Strategic Research Institute
Published on :
14 Jul, 2022, 6:16 am

German green steel leader Salzgitter AG’s Supervisory Board has unanimously approved the Executive Board's application to make own funds of EUR 723 million available for the first expansion stage of the SALCOS project. As part of the first expansion stage, electrolysis plant, DRI plant and an electric arc furnace are to be built by the end of 2025. These facilities will enable us to produce 1.9 million tonnes of low C02 crude steel a year, thereby replacing a blast furnace and a converter.

The aim of SALCOS is to fully convert the integrated steelworks in Salzgitter in three stages to low C02 crude steel production by 2033. Up to around 95 % of the C02 emissions amounting to approximately 8 million tonnes a year will be gradually reduced as a result.

The transformation will enable the process that was formerly based on coking coal to be replaced by a new hydrogen based route. Emissions savings of around 95 % a year are to be subsequently achieved, thereby avoiding approximately 1 % of Germany’s carbon emissions.

voda 15 juli 2022 06:35

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OMK Automates 50 Business Processes Using Robots

Strategic Research Institute
Published on :
15 Jul, 2022, 5:52 am

Russian pipe maker United Metallurgical Company OMK has automated 50 business processes over 2.5 years thanks to Robotic process automation technology based on the use of software robots. Most of the automated business processes are related to servicing OMK enterprises registration of vacations, sick leave, transfers and dismissals, issuance of electronic sick leave and certificates in the 2-NDFL form. There are robots for typical storage, purchasing and selling operations. In financial and accounting departments, RPA allows you to eliminate human errors and optimize data entry time. Robots perform routine functions 10-20 times faster than a person and do not get tired.

There are also specific operations, such as the formation of quality certificates for shipped products. This makes the information flow between OMK and its clients more transparent and significantly increases the efficiency of document processing.

Software robots are being developed by OMK specialists after the company initially followed the path of developing an internal competence center. OMK developers are now implementing pilot projects that are leading the way on the Russian market.

voda 15 juli 2022 06:36

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Leeco Steel Expands Hamilton Plate Distribution Center in Canada

Strategic Research Institute
Published on :
15 Jul, 2022, 5:55 am

Leading North American steel plate supplier Leeco Steel has completed an expansion to its Canadian distribution center on 1 July 2022. This expansion added 30,000 square feet to Leeco’s Hamilton in Ontario in Canada facility, which was previously 45,000 square feet. By increasing the size of our distribution center, Leeco Steel can provide improved service to Canadian customers and expand our processing capabilities at that facility.

Leeco’s current Hamilton facility opened in January 2020. This facility is accessible by rail and truck and is one of Leeco’s 11 distribution centers located throughout North America.

Leeco Steel began in 1882 as Leopold Cohen Iron and Metal. The company’s founder, Mr Leopold Cohen, set up shop on Chicago’s west side at 300 Kedzie Avenue South. The business spanned three generations and worked through a century of progress as it continued to strategically place facilities across the United States to better service its customers. Leeco Steel remained family-owned until 1997 when employees partnered with an investment firm to buy the company. That group of dedicated employees ran a successful ESOP until 2005 when it was purchased by O’Neal Industries, a family of closely related companies, all engaged in the metals industry. Leeco Steel now has locations throughout North America, Canada and Mexico.

voda 15 juli 2022 06:36

0

Shaoguan Steel Grants FAC to KOCKS for New 3-Roll RSB

Strategic Research Institute
Published on :
15 Jul, 2022, 5:58 am

Chinese steel producer Baosteel Group’s Guangdong Shaoguan Iron & Steel Co has recently issued the Final Acceptance Certificate for the new KOCKS RSB 370++/4 in 5.0 designs. This is the 115th Reducing & Sizing Block of KOCKS worldwide. The KOCKS RSB 370++/4 in the existing 490,000 tonnes per annum bar mill line will produce straight bars seamless in a range of 17-80mm with a very tight tolerance level and excellent surface onto the cooling bed.

The RSB 5.0 is located as a finishing unit after 20 stands in H/V rolling mill arrangement. Further scope of supply for this order was a roll shop for offline 3-roll stand and guide preparation, as well as supervision for the installation and commissioning.

The new block at Shaoguan follows previous installations, for example at Baosteel Shanghai 5 in 2002 and at Shaoguan Iron & Steel wire rod and BIC line in 2018. It is the 5th KOCKS RSB within the China Baowu Steel Group.

Shaoguan Iron & Steel is located in Guangdong province. The company is a joint venture of the government of Guangdong and central government-owned iron and steel conglomerate China Baowu Steel Group, one of the largest and most competitive steel producers in the world. Shaoguan Iron & Steel produces premium steel products with high added value. Relying on the performance of KOCKS 3-roll technology, the company intends to further expand and strengthen its share in the demanding SBQ sector for high-quality engineering steels, primarily for the automotive industry.

voda 15 juli 2022 06:38

0

Danieli Upgrades Continuous Pickling Line at ArcelorMittal Mardyck

Strategic Research Institute
Published on :
15 Jul, 2022, 6:01 am

A new entry section for the ArcelorMittal continuous pickling line at Mardyck in France has been commissioned by Danieli Service. The line upgrade consisted of new equipment and advisory services from erection and commission to production startup. The installed equipment includes a pay-off reel, coil car, hold-down roll structure, flattener, shear, pinch roll, steel structures and roller tables.

The purpose of the upgrade requested by ArcelorMittal is to operate with oval coils that give extra loads in the uncoiling phase, due to the oval coil inertia during rotation, and to reduce periodic maintenance time.

The new steel structures supporting the machines are certified in accordance with EN 1090-1, European Standard that specifies requirements for conformity assessment of performance characteristics for structural steel components and relevant CE marking.

The erection and commissioning activities –including cold tests– were performed while the rest of the original line was regularly in production.

Grande Synthe France based ArcelorMittal Mardyck has a coupled pickling & cold rolling mill, a pickling line, 2 hot dip galvanizing lines, an inspection line & a slitting and perfecting centre. It produces pickled coils, full hard & galvanized coils.

Bijlage:

voda 15 juli 2022 06:39

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Kirloskar Ferrous Limited Upgrades Mini Blast Furnace at Koppal

Strategic Research Institute
Published on :
15 Jul, 2022, 6:06 am

India’s leading pig iron & grey cast iron producer Kirloskar Ferrous Limited has completed the upgrade and resumption of operations at its mini blast furnace II at Koppal plant in Karnataka in India on 4 July 2022. Following the upgrade of the blast furnace, its pig iron production capacity increased to 217,600 tonnes per year from 180,000 tonnes per year earlier, taking the company’s total pig iron production capacity to 609,800 tonnes per year at its mill located at Koppal in the southern state of Karnataka.

Founded in 1991, Kirloskar Ferrous Industries Limited was formed with the intention of transforming the high quality pig iron & grey iron casting industry. With a parent company that possesses a rich 130-year manufacturing and engineering legacy, Kirloskar Ferrous Industries has been built on a solid foundation of innovation and customer-centricity. Its cylinder block, head castings and housing are used in a wide range of engines, across construction machines, farm equipment and utility vehicles made by some of the world’s largest automobile manufacturers. Pig iron is used to make a variety of cast iron that finds critical use in a wide range of industries.

voda 15 juli 2022 06:40

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Majestic Steel USA Acquires Quicken Steel & Mercury Transport

Strategic Research Institute
Published on :
15 Jul, 2022, 6:08 am

Cleveland Ohio US headquartered leading provider of supply chain solutions and prime flat rolled steel products across North America Majestic Steel USA has completed two strategic acquisitions in manufacturing and logistics. Claxton Georgia based manufacturer of steel buildings and components Quicken Steel and Pittsburg California based transportation company Mercury Transport will become wholly owned divisions of Majestic Steel USA.

Quicken Steel will continue to operate independently while using Majestic resources to create synergies. With a niche in providing short lead-times and the quick installation of steel buildings, it's a downstream opportunity that aligns with Majestic's approach to growth and innovation.

The acquisition of Mercury Transport is a follow-on investment to Majestic's 2021 acquisition of Merit Steel USA, a West Coast based steel service center with locations in Pittsburg & Fontana in California and Longview in Washington.

Majestic Steel USA, founded in 1979 and headquartered in Cleveland Ohio, is a privately held and family owned provider of supply chain solutions and prime flat-rolled steel products. Majestic serves its customers in manufacturing, construction and distribution from its network of locations throughout North America. Majestic is a leader in the domestic steel industry with a vision of innovation. Majestic believes steel is critical to American industry and the economy, and continues to supply quality products and the best customer experience.

voda 15 juli 2022 06:42

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ArcelorMittal Idles Dunkirk Blast Furnace in France - Report

Strategic Research Institute
Published on :
15 Jul, 2022, 6:12 am

Several steel media outlets have reported that leading steelmaker ArcelorMittal has idled its 1.5 million tonne per year blast furnace No 2 at Dunkirk in France due to weak demand for steel in Europe and the summer holidays. ArcelorMittal Dunkirk has capacity to produce 7 million tonne per year of steel with three furnaces and the closure will leave hot metal capacity of 5.7 million tonnes per year operational at the site. The furnaces expected restart date has not yet been announced.

ArcelorMittal has also undertaken maintenance at its Eisenhuttenstadt blast furnace in Germany.

European steelmakers Acciaierie d'ltalia and HBIS Serbia have also announced other blast furnace closures in recent days.

Bijlage:

voda 15 juli 2022 06:43

0

Swiss Steel Records Increase in Earnings in Apr-Jun Quarter

Strategic Research Institute
Published on :
15 Jul, 2022, 6:14 am

Lucerne Switzerland headquartered Swiss Steel Group has increased the adjusted EBITDA to over EUR 96 million in April-June 2022 quarter as compared to EUR 65 million in April-June 2021 and EUR 171 million during January-June 2022 as compared to EUR 110 million in January-June 2021. The consolidated results for the second quarter of 2022 rose to EUR 47 million and to EUR 74 million in the first half of 2022 compared to EUR 35 million in the same period last year.

Swiss Steel said “The internationally stable market environment resulted in this earnings growth despite high volatilities and rising prices for energy and raw materials. The price increases were largely passed on to our customers. The margins of all products improved. The overall reduced sales volume of 457 kilotons for 518 kilotons in same quarter of previous year is in particular due to the stoppage of the steel mill in Ugine. Production at this mill specializing exclusively in stainless steel is ramping up since June 2022. With the drop in the price of scrap noted at the end of the quarter as well as the overall instable geopolitical situation, it can be expected that there will be a slight decline in margins in the near term and somewhat lower market demand in the second half of the year. The material uncertainties of the energy sector in regard to price development and availability, particularly of natural gas, cannot currently be conclusively assessed.”

The Swiss Steel Group is one of the world's leading providers of individual solutions in the special long steel products sector. The Group is one of the leading manufacturers of tool steel and non-corrosive long steel on the global market and one of the largest companies in Europe for alloyed and high-alloyed quality and engineering steels.

voda 15 juli 2022 06:43

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Voestalpine Records EBIDTA of EUR 877 Million in Jan-Mar Quarter

Strategic Research Institute
Published on :
15 Jul, 2022, 6:16 am

Austrian steel maker voestalpine announced revenue of EUR 4.647 billion in January-March 2022 quarter with EBITDA of EUR 877 million & EBIT of EUR 691 million. Based on this excellent first quarter and the current expectations for the remaining Business Year 2022/23, voestalpine AG expects an EBITDA in the amount of approximately EUR 2 billion for the entire Business Year 2022/23

Voestalpine is a globally leading steel and technology group with a unique combination of materials and processing expertise. Voestalpine, which operates globally, has around 500 Group companies and locations in more than 50 countries on all five continents. It has been listed on the Vienna Stock Exchange since 1995. With its premium products and system solutions, it is a leading partner to the automotive and consumer goods industries as well as the aerospace and oil & gas industries; it is also the world market leader in railway systems, tool steel, and special sections. Voestalpine is fully committed to the global climate goals, and its greentec steel program represents a clear plan for decarbonizing the production of steel.

voda 15 juli 2022 06:44

0

Alacero Cuts Latin American Steel Consumption Forecast

Strategic Research Institute
Published on :
15 Jul, 2022, 6:19 am

The Latin American Steel Association Alacero has revised downwards its total consumption outlook for this year due to Russia’s invasion of Ukraine, high inflation, and an expected global economic slowdown. Still, a recovery is expected in 2023. After Latin America’s apparent steel consumption recovered by 27% to 74.8 million tonne in 2021, Alacero expects it to fall by 8% on average in 2022 as compared to a 2.1% drop projected at the start of the year. Alacero Executive Director Mr Alejandro Wagner said that “The revision is based on such factors as Russia’s war in Ukraine, China’s zero-COVID policy and the fear of world recession, especially in the US, due to high inflation. However, even with 8% fall, we will still have a higher volume of consumption than in years before the pandemic from 2017 to 2019, with 67 million tonnes reached in 2017-2018 and 64 million tonnes in 2019.”

According to him, the impact of Ukraine’s war is stronger for Europe and the sanctions against Russia did not have as much effect on the Latin American market and in this scenario Latin American steel companies are looking for export opportunities, for example, in the USA and Asia, with still good prices, as well as within the region.

voda 15 juli 2022 06:45

0

Russian Invasion Cripples Ukrainian Steel Sector

Strategic Research Institute
Published on :
15 Jul, 2022, 6:22 am

Russian invasion of Ukraine has crippled Ukrainian steel sector. Ukrainian steel association Ukrmetallurgprom estimates that Ukraine’s crude steel output fell 58% YoY to 4.5 million tonnes, hot metal by 58% to 4.538 million tonnes & finished steel by 58% YoY to 4.018 million tonnes in January-June 2022. As the crude steel production in January to 24 February was 3.2 million tonnes, basically 1.3 million tonne crude steel has been produced since invasion

Ukrainian Association of Secondary Metals or UAVtormet said that Ukraine’s steel scrap exports fell 87% to 28,700 tonnes in H1 of 2022 from 231,000 tonnes in H1 of 2021, while scrap imports fell to 1,500 tonnes in H1 of 2022 from 12,600 tonnes in H1 of 2021.

voda 15 juli 2022 06:46

0

Update on China’s Steel Sector in Jan-Jun 2022

Strategic Research Institute
Published on :
15 Jul, 2022, 6:24 am

Chinese steel market is under severe pressure from growing concerns about steel demand recovery as a rise in COVID cases sweeps through the country, amplifying the seasonal slowdown in steel demand & the sluggish real estate sector. According to data from the National Bureau of Statistics, China produced 90.73 million tonnes of steel in June 2022, down 3.3% YoY as several mills idled production facilities or placed them under maintenance earlier than usual due to weak margins and high inventories. In the first half of 2022, China made 526.8 million tonnes of steel, down 6.5% YoY.

General Administration of Customs of China’s latest data shows that China’s iron ore imports, steel exports & steel imports have declined in January-June 2022.

Iron Ore Imports – 535.75 million tonne, down 5.1% YoY

Steel Exports - 33.46 million tonne, down 10.5% YoY

Steel Imports – 5.78 million tonne, down 21.5% YoY

June 2022

Iron Ore Imports – 88.97 million tonne, down 3.8% MoM & 0.5% YoY

Steel Exports - 7.56 million tonne, down 2.6% MoM but up 17.0% YoY

Steel Imports – 0.79 million tonne, down 1.9% MoM & 36.8% YoY

Vertraagd	9 mei 2024 17:38
Koers	23,680
Verschil	0,000 (0,00%)
Hoog	23,800
Laag	23,510
Volume	1.871.161
Volume gemiddeld	2.527.216
Volume gisteren	1.871.161

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