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The Japanese auto manufacturers are facing the shortage of semiconductors, which may force them to slow down the pace of production again in the coming months at their plants both inside Japan and abroad after the recovery from the COVId-19 impact since August 2020, and steel consumption in the sector may decline too, market sources shared.
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China Steel Corp (CSC), Taiwan’s top steel producer headquartered in Kaohsiung, South Taiwan, has decided to raise its monthly list prices for finished steel by a further TWD 2,200-3,000/tonne ($$79-107/t) for sales in February. CSC’s announcement on January 13 said higher raw materials costs amid robust demand necessitated the rise.
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Shagang Group, China’s largest private steel mill and rebar supplier headquartered in East China’s Jiangsu province, has raised its rebar list price by another Yuan 50/tonne ($7.7/t) for the sales over January 11-20, or the third time in a row in its ten-day pricing policy mainly to reflect higher production costs, Mysteel Global noted from its statements.
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The
Japanese government has imposed the second round of state of emergency over
January 8-February 7 not only to the whole country but to Tokyo and three
adjacent prefectures to slow down the spread of the COVID-19, and the sectors
constrained in the latest round are not as many as in the first round
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Japan’s Daido Steel, a special steel producer under Nippon Steel, has decided to add Yen 10,000/tonne ($97/t) to its special steel products including structure steel, spring steel, bearing steel and tool steel for January sales or February shipments to pass on part of the higher input costs and to maintain stable production, a company official confirmed on January 7.
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To many, 2020 will be remembered as their most challenging in memory but not to China Baowu Steel Group. Instead, this year will be regarded as outstanding and a milestone year for the top Chinese steel producer in that it formally and grandly celebrated reaching the benchmark of 100 million tonnes of steel output for the whole year by December 23, or eight days before the year ends. The achievement marks its formal and indisputable ascension of the Shanghai-headquartered steelmaker as the world’s largest steel producer over ArcelorMittal.
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Toyota Motor, Japan’s largest automaker, has informed its auto component suppliers that it will keep domestic automobile production at around 13,000 units/day during January-March 2021, industry sources in Tokyo and Nagoya of central Japan shared on December 21.
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Shagang Group, China’s largest rebar producer headquartered in East China’s Jiangsu province, has raised its rebar list prices by Yuan 200/tonne ($30.6/t) from its previous ten-day pricing policy for domestic sales over December 21-31, but it has kept the prices of wire rod and bar-in-coil unchanged for the third pricing cycle, or the whole month of December.
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Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker, has raised its steel scrap procurement prices by Yuan 80/tonne ($12.2/t) effective from December 19, for the first time so far this year, indicating the remaining solid demand from the Chinese steelmakers in contrast to the limited seasonal supply in winter.
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Japan’s crude steel output in the fiscal 2021 (April 2021-March 2022) may reach 85-90 million tonnes, according to the latest forecast shared by the Japan Iron & Steel Federation (JISF) on December 17, which is up from the FY20’s projected 81-82 million tonnes, but still below the FY19 level.
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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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China Steel Corp (CSC), Taiwan’s top steel producer headquartered in in Kaohsiung, South Taiwan, announced on late December 11 to raise its monthly and quarterly steel list prices by a range of TWD 1,200-1,500/tonne ($43-53/t) both for the domestic sales both January and January-March 2021, on the anticipation of faster recovery in demand both at home and abroad and soaring raw material prices.
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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. Over the years, Tubes SBU has emerged as one of the leading manufacturers of welded pipes in the country, with an installed production capacity of over 600,000 metric tonnes per annum.
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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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Shagang Group, China’s largest rebar producer in East China’s Jiangsu province, will roll over its list prices of all long steel products including rebar, wire rod and bar-in-coil again for domestic sales over December 11-20, or having remained its long prices unchanged since the start of December despite recent gains in the spot prices.
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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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Shagang Group, China’s largest rebar maker headquartered in East China’s Jiangsu province, has rolled over its list prices of long steel products, including rebar, wire rod and bar-in-coil unchanged from last ten days of November for domestic sales over December 1-10, probably on noting the domestic steel price softening recently, Mysteel Global noted.
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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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China Baowu Steel Group (Baowu), China’s and also the world’s top steel producer in capacity, has been taking no break in its expansion in capacity and inner strength enhancement at the same time, with the latest move to solidify its footing in Northwest China via acquiring existing steel mill and iron ore mines, Mysteel Global noted.
