Latest news on China Reduced Iron markets

India: Sponge iron prices drop by up to INR 550/t on soft steel demand

Billet prices fall by INR 50-500/t. Spot trade volumes increase d-o-d.

India's sponge iron production rises 17% y-o-y in CY'23

Indian crude steel production up 11%, where as IF-EAF route registered 13% growth. Domestic scrap generation affected due to GST crackdown. Sponge iron exports rise over 30% y-o-y.

CONF: China's iron ore imports to plunge 64% by 2050

China's iron ore imports are expected to reduce by a huge 64% from 2022's 1.11 billion tonnes to 400 million tonnes by 2050, and the main force behind the plummet will be an optimization in the structure of steelmaking raw materials during a low-carbon era, according to Lei Pingxi, chief

Chinese mills eye DRI for their low-carbon future

Since the middle of this year, leading Chinese steel group Hebei Iron and Steel Group (HBIS) has been supplying its ultra-low carbon emission and low-carbon automotive steel to the Shenyang plant of German automaker BMW in northeast China's Liaoning province. The sheet, developed and produced by HBI

India: High quality DRI can help maximise furnace productivity

Controlled charging, optimising batch size key to boosting productivity.Temperature control, accurate alloying ensure better steel quality.

India's sponge iron production rises 12% in FY23

Higher crude steel, pellet output boost production. Exports may offer additional support going forward. Further capacity additions under way.

Kobe Steel to supply first 100% hydrogen DRI plant in Sweden

Japan's third-largest integrated steel producer and plant builder Kobe Steel's 100% subsidiary Midrex Technologies in North Carolina in the U.S., has signed a contract with Paul Wurth S.A, a Luxembourg-based engineering company, to supply the world's first commercial 100% hydrogen direct reduced iro

India: Margins of induction furnaces remain supportive

Conversion spread (margins) of Indian induction or EA furnaces have increased by INR 2,000-2,500/t($ 14-21) since May'20.

China's Nov export statistics of metallurgical products

Edited by www.mysteel.net

China Key Special Steel Enterprises' crude steel output (Jan-Oct)

  (Compiled by www.mysteel.net)