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Inner Mongolia in North China, now the country’s second-largest coal mining region after Shanxi in North China too and with the most competitive power charges, mulls blocking any new industrial projects including steel, coke, ferroalloys, non-ultra-high electrode graphite and aluminium starting 2021, aiming to rein in on the region’s power consumption mainly by such industrial plants, according to a draft by its Development and Reform Committee.
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PT. Dexin Steel Indonesia (Dexin Steel), a Chinese-invested greenfield steelworks in Indonesia’s Morowali Industrial Park (IMIP) in Central Sulawesi province last week blew in the second of a pair of 1,780 cu m blast furnaces, completing the commissioning of both production lines in the mill’s first-phase project, according to a company post on February 4.
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Japan’s crude steel output including both carbon and special steel is estimated to rise by 7.8% on quarter to about 23.7 million tonnes over January-March, according to a survey released by Japan’s Ministry of Economy, Trade and Industry (METI) on February 3, indicating the further improvement in steel demand.
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Taiyuan Iron & Steel Group (TISCO), now a subsidiary of China Baowu Steel Group and China’s second largest stainless steel producer in North China’s Shanxi province, aims to expand into a 25 million tonnes/year steel mill by 2025 with 18 million t/y being stainless, the company disclosed when sharing its five-year development plan over 2021-2025.
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Nippon Steel, Japan’s largest integrated mill, has restarted a banked blast furnace at the Kashima Area of its East Nippon Works in Ibaraki prefecture, north of Tokyo. The steelmaker is responding to improving domestic steel demand, mainly from the country’s auto and machinery sectors, it said.
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Nippon Steel Stainless Steel Corp (NSSC), Japan’s largest stainless producer, has decided to lift its December-February list prices for 300-series wire rod (January-March roll) to reflect higher nickel prices, the company confirmed on December 22. The price for 304 grade wire rods will be higher by Yen 15,000/tonne ($145/t), but that for NSSC’s 400-series rods will remain unchanged.
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Japan’s sales of carbon steel products for both the domestic market and exports in October fell 6.1% on year, and the total volume for the first ten months of 2020, thus, declined 3.4% on year to about 46.4 million tonnes, according to the latest data released by the Japan Iron & Steel Federation (JISF) on December 16.
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On December 16 China’s Ministry of Industry and Information Technology (MIIT) released a draft version of the “capacity swap” scheme for the domestic steel industry, listing the detailed guidelines to adhere to for the installation of all the new domestic iron- and steelmaking capacities, and this long-awaited document has been viewed by market insiders as the new code of conduct to shape the country’s steel industry in the future.
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Nippon Steel says the stoppage of a cold-rolling mill at its Nagoya Works in central Japan after last week’s fire impacted its operations less than had been expected, with most of the facilities at the mill restarted after a couple days and as of Wednesday, overall production at the mill had mostly returned to normal.
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Nanjing Nangang Iron & Steel United Co (Nangang), a 10 million tonnes/year steel producer based in East China’s Jiangsu province, plans to build a 2.6 million t/y coke project in Indonesia, mainly to meet its own consumption needs, given the shortage in domestic coke supply, a company official disclosed on December 11.
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Tata Steel - Tubes Strategic Business Unit (SBU) was established in 1985 after the merger of the erstwhile Indian Tube Company Limited with Tata Steel.
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Nippon Steel, Japan’s largest integrated mill, has been forced to halt operations on a cold-rolling mill at its Nagoya Works in central Japan after a fire broke out on the mill early on December 7, a company official confirmed. Market observers told Mysteel Global the incident could impact automotive sheet supply, just when domestic demand is active.
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Nippon Steel, Japan’s largest integrated steelmaker, has decided to restart another banked blast furnace, announcing on December 4 that a large unit north of Tokyo will be restarted in late January to lift hot metal supply in response to improving steel demand from auto manufacturers.
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Indonesia, with investments mainly from the Chinese enterprises, is progressing towards a new stainless steel producing hub with the production expected to surge 30% on year to 2.85 million tonnes in 2020, Dai Zhebin from Shanghai Xiangyu Superchain Supply Chain Co shared on December 3 at the 2021 Mysteel Ni-Cr-Stainless Steel-New Energy Annual Conference in Wuxi, East China’s Jiangsu province.
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Nippon Steel Engineering, the engineering arm of Japan’s largest steel producer, has received an order from Taiwan’s China Steel Corp to supply a large Coke Dry Quenching (CDQ) plant, NSE announced on November 26.
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Nippon Steel, Japan’s largest integrated mill, has restarted a banked blast furnace located in the Kimitsu Area of its East Nippon Works in Chiba prefecture, near Tokyo, to respond to improving steel demand from consumers, especially auto makers.
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Japan’s all kinds of steel exports for October fell 13% on year to about 2.47 million tonnes, or the sixth consecutive month posting an on-year decline, mainly as the Japanese integrated mills had been prioritizing supplies to domestic customers, Mysteel Global understood from the preliminary data released by Japan’s Ministry of Finance on November 18.
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Japan’s sales of carbon steel products for both the domestic market and export in September rose 5.6% on year to about 5.23 million tonnes, according to the latest data released by the Japan Iron & Steel Federation (JISF) on November 16. “A clear recovery in sales has finally appeared,” a JISF official commented.
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China Baowu Steel Group, the top steel mill in China and almost matching ArcelorMittal globally in production capacity, has passed the final hurdle towards getting a 51% stake in Taiyuan Iron & Steel Group (TISCO), with the final approval of the related authorities, and this will also enable it to soon pass the targeted 100 million tonnes/year installed capacity one year in advance, Mysteel Global understands
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JFE Steel, Japan’s second largest integrated mill, will start relining the No.6 blast furnace at the Chiba area of its East Japan Works much sooner than the mill had initially scheduled, saying that by starting the work early it can start cutting production costs sooner, JFE announced on November 9.
