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China Baowu Steel Group (Baowu), the world’s and the country’s top steel producer, has been the first in China’s steel industry to pledge realizing carbon neutral by 2050, or ten years ahead of China’s targeted timeline as a country, Chen Derong, Baowu’s chairman, disclosed in an interview with China’s media.
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Toyota Motor, Japan’s largest automaker, has informed its auto components suppliers that it will keep domestic automobile production at around 12,500-13,000 units/day during March-May, and its auto steel consumption, thus, will not be affected much by the short-time stoppage at half of its 28 assembly lines in Japan after the earthquake in mid-February, industry sources in Tokyo and Nagoya of central Japan shared on February 24.
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Shagang Group, China’s largest privately-owned steel producer and a leading rebar supplier in East China’s Jiangsu province, will continue to roll over its list prices of long steel products for sales over February 21-28, it announced on February 21. Industry watchers were surprised given that the domestic steel market is in a strong mood for price increases.
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Beijing Jianlong Heavy Industry Group (Jianlong), a privately-owned steel conglomerate headquartered in Beijing experienced in acquisition and restructuring, is tipped to acquire Xingtai Iron & Steel (Xingtai Steel), a leading specialty longs maker based in Xingtai city in North China’s Hebei province, Mysteel Global has learned.
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Japan’s largest integrated mill – Nippon Steel – denied a news report by Nihon Keizai Shimbun (Nikkei), Japan’s business daily, that it has decided to suspend a blast furnace at its Kashima Area of East Nippon Works near Tokyo for a few years, though the domestic steel market sources see the likelihood.
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China Steel Corp (CSC), Taiwan’s top steel producer headquartered in Kaohsiung, South Taiwan, says that its carbon steel sales grew by 7.7% on year to reach 874,804 tonnes in January, according to the company’s latest release on February 17.
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Toyota Motor, Japan’s largest automaker, has decided to temporarily halted 14 assembly lines at its nine plants out of its 25 lines at 15 plants across Japan for one to four days starting February 17 due to the disruption from an earthquake that hit north Japan on late February 13, according to the company announcement on Tuesday.
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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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Nippon Steel, Japan’s largest integrated mill, now expects to be able to post a pre-tax profit of Yen 30 billion ($284.6 million) on a consolidated basis for fiscal 2020 (April 2020-March 2021), reversing its earlier projection of a Yen 60 billion pre-tax loss, the company announced on February 5.
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Vale, the world’s largest iron ore miner with all operations in Brazil posted its iron ore fines production down 0.5% on year to around 300.4 million tonnes for 2020, or below its original production guidance at 310-330 million tonnes, though the miner has omitted mentioning that it would stick to the lower range of the target ever since its third-quarter results, Mysteel Global noted from its latest quarterly report released on February 3.
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Nippon Steel Stainless Steel Corp (NSSC), Japan’s largest stainless producer, has raised its February list prices of 300-series cold-rolled coils (CRCs) and plates for domestic sales to the distributors by Yen 10,000/tonne ($95/t) to reflect the higher nickel price, a company official shared on February 4.
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China Baowu Steel Group (Baowu), the world’s largest steel producer with over 100 million tonnes/year steel capacity, has barely had time to take a breath from the latest acquisition when agreeing to take over a controlling 90% stake of Kunming Iron & Steel Co (Kungang) in Southwest China’s Yunnan province, a 7 million t/y state-owned steel producer, on February 1, Mysteel Global understood from the market sources.
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China Steel Corp (CSC), Taiwan’s top steel producer headquartered in Kaohsiung, South Taiwan, has decided to lift its monthly list prices for finished steel by a further TWD 450-2,500/tonne ($16-89/t) for sales in March, according to the company’s latest release published on February 1. CSC cited high raw material costs and the expectation of better demand from steel users.
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Shagang Group, China’s largest privately-owned steel producer and a leading rebar supplier, announced on Monday to continue to remain its long steel listed prices unchanged for domestic sales over February 1-20.
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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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Major stainless mills in Taiwan including Yieh United Steel Corp (Yusco) and Walsin Lihwa Corporation have decided to steeply raise their stainless list prices for local sales and overseas business in February, Mysteel Global learned Friday. The increases follow the sharp rise for January.
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China Baowu Steel Group, China’s largest steelmaker by installed capacity, is planning to take control of Shandong Iron & Steel Group (Shangang), another stated-owned steel mill based in East China’s Shandong province, officials from both sides confirmed to Mysteel Global on January 28.
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China Steel Corp (CSC), Taiwan’s top steel producer headquartered in Kaohsiung, South Taiwan, says its carbon steel sales last year declined by just 1.4% on year to 10.1 million tonnes, according to the company’s latest report published on January 27.
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Baoshan Iron & Steel Co (Baoshan Steel), the listed arm of China’s top steel producer - China Baowu Steel Group - announced to roll over its list prices of the carbon steel hot-rolled coil (HRC) for domestic sales in March, according to its pricing policy on January 25, as demand has shown signs of weakening ahead of the Chinese New Year (CNY) holiday but production cost has persisted high.
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Japan’s largest integrated mill, Nippon Steel, has decided to add Yen 10,000/tonne ($97/t) to domestic and export prices of its special steel long products to pass along higher raw material costs, a company official confirmed on January 21.
