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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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South32 Ltd’s share of manganese ore output from its Australian and South African joint ventures grew by 4% on year to 2.81 million wet metric tonnes (wmt) over July-December, according to the company’s quarterly report released on January 21. Within that total, its share of production from its Australian operations – 1.83 million wmt – was a record high for that period.
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Note:
South32’s
financial year runs from July to June.
Unless otherwise
noted: percentage variance relates to performance during the half year ended
December 2020 compared with the half year ended December 2019 (YoY) or the
December 2020 quarter compared with the September 2020 quarter (QoQ);
production and sales volumes are reported on an attributable basis.
Source: South32,
released
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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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No one would have expected the steelmaking raw materials prices including iron ore, coke and scrap to have attempted multi-year highs in December, a usual off season for steel consumption and production, but the year 2020 had been proven anything but normal, and many iron ore traders ended their 2020 in frustration, as iron ore prices shot up for seemingly no reason at all.
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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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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.
