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China’s largest electric-arc-furnace producer has formally been incorporated on July 27 in Southwest China’s Sichuan by combining eight local independent EAF mills, which has also helped the province to enhance it steel industry concentration, competitiveness and efficiency, the Sichuan Provincial Economic and Information Department shared in a release on the same day.
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Toyota Motor, Japan’s largest auto maker, has informed its auto parts suppliers that the company has adjusted its vehicle output plan lower for August and September by 10,000 units/month from its initial plan made a month ago, according to market sources in Tokyo and Nagoya in central Japan. The auto giant citing delays in receiving critical components.
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Pohang Iron and Steel Co Ltd (POSCO), a major steel producer in South Korea, reported its Q2CY’21 results today. Steel production and sales have increased y-o-y with an improvement in operating capacity during Q2CY’21. However, Q2 of both the years have been impacted by waves of Covid-19 and subsequent lockdowns or containment measures.
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BHP, a leading ferrous and nonferrous mining company in the world, has signed a long-term nickel supply deal with the world’s largest electric car manufacturer Tesla for the latter’s battery production, BHP shared on July 22.
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Anshan Iron & Steel Group (Ansteel) in Northeast China’s Liaoning province has been quietly progressing with its merger of Bengang Group (Bengang), another state-owned steel mill in the province, as more shares of Bengang’s Shenzhen-listed arm have been transferred to the group company free of charge to facilitate the merger, a Bengang official confirmed on July 21.
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As part of its efforts to help reduce CO2 emissions, JFE Steel, Japan’s second largest integrated mill, has signed long-term contracts to charter three new Capesize bulk carriers fuelled by liquified natural gas (LNG) to transport its iron ore and coal from overseas suppliers. JFE will be the first Japanese steel producer to deploy large-sized LNG-fuelled vessels, the company announced on July 20.
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Shagang Group, China’s largest privately-owned steel producer headquartered in East China’s Jiangsu province, announced on July 21 to increase its rebar list price by another Yuan 250/tonne ($38.6/t) for sales over July 21-31, in response to the prevalent market expectation on China’s crude steel output cut for the remainder of the year, according to market sources.
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Nippon Steel, Japan’s largest integrated mill, has won an order to supply high-alloy seamless pipes for the Carbon Dioxide Capture and Storage (CCS) project in the North Sea, the company announced on July 20.
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China Steel Corp (CSC), Taiwan’s top integrated steel producer headquartered in Kaohsiung, South Taiwan, says its total carbon steel sales for the first half of 2021 declined by 128,943 tonnes or 2.6% on year to 4.9 million tonnes, according to a company release on July 19.
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Rio Tinto's
Production Summary over Apr-Jun*
*Rio Tinto share
unless otherwise stated
Source: Rio Tinto,
released onJuly 16
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China Steel Corp (CSC), the largest steel mill in Taiwan, is rolling over its flat steel list prices for sales in August to stabilize steel prices and secure supplies to its customers, according to its latest pricing policy released on July 15.
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China Baowu Steel Group (Baowu), already the world’s largest steel producer over 100 million tonnes/year of crude steel capacity, has locked in state-owned Shandong Iron & Steel Group (Shangang), a top steel mill located in East China’s Shandong province, as its next acquisition target among the Chinese steel mills, Shandong Iron & Steel Co, Shangang’s Shanghai-listed arm, disclosed in a release on July 15.
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JSW Utkal Steel Limited has applied for right of way for 8.3 km along the Taladanda canal embankment near Paradip which should speed up the completion of its 30mtpa slurry pipeline.
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Shagang Group, China’s largest privately-owned steelmaker headquartered in East China’s Jiangsu province, has raised its rebar list price by Yuan 200/tonne ($30.9/t) for sales over July 11-20 from the prior ten days, it announced on Sunday.
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China Steel Corp (CSC), Taiwan’s top integrated steel producer headquartered in Kaohsiung, South Taiwan, has been asked by the local government to stabilize steel prices and to secure supply, according to a company release posted on its website on July 9.
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Japan’s Daido Steel, the country’s largest stainless longs producer and a special steel subsidiary of Nippon Steel, has decided to add 10% to its list prices for stainless bars and sections for domestic and export sales for July, a company official confirmed on July 9.
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For the domestic sales to the distributors this month, Nippon Steel Stainless Steel Corp (NSSC), Japan’s largest stainless producer, has raised its list prices of 300-series cold-rolled coil (CRC) by Yen 20,000/tonne ($181/t), and the prices of the 300-series plate and 400-series CRC have been up by Yen 10,000/t, all to reflect higher input cost and supply tightness, a company official confirmed on July 8.
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China Baowu Steel Group Co (Baowu), the world’s top steel producer, will ignite its third blast furnace also with a size of 5,050 cu m just as planned in the second half of 2021 at its Zhanjiang steelworks in South China’s Guangdong province, an official of the steelworks confirmed on July 6, rebutting a market rumour about the “indefinite” delay of the commissioning.
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The 400-series or ferritic steel should be greatly promoted in China as the country is with serious shortage of nickel resources, Qi Haiyan, senior engineer of Shandong Taishan Steel, a key stainless producer in China, shared at a recent industrial event.
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Shagang Group, China’s largest rebar producer headquartered in East China’s Jiangsu province, announced on July 1 to roll over rebar list price for sales over July 1-10, or having taking a pause after having cut the list price by a total of Yuan 1,050/tonne ($162.5/t) four rounds since May 20, Mysteel Global noted.
