Growing demand from the construction sector and government support for domestic consumption will lead to a record increase in annual steel production in China above one billion tons.
Ugur Dalbeler, CEO of a major Turkish hot rolled steel manufacturer and director of the Turkish Steel Exporters Union, said the European steel sector has shown its despair and negative attitude towards Turkey.
Ukraine in the future could become a supplier of hydrogen fuel for the metallurgical plant in Duisburg.
European hot rolled sheet prices are supported by raw material prices and uncompetitive imports.
According to the results of work in January - July 2020, Ukraine is ranked 9th in the ranking of world pig iron producers and 13th in the TOP steel producers.
In August, consumers of steel cord and bead bronze wire, along with contract volumes, placed at BMZ additional orders for these products in the amount of almost 1000 tons.
Voestalpine is relaunching a small blast furnace in Linz as steel demand recovers, which collapsed following quarantine restrictions.
China Baowu Steel Group will take over China's largest stainless steel producer TISCO as part of the PRC government's capacity consolidation program.
Mainly slags from ArcelorMittal end up on roads in Kharkiv, Donetsk, Dnepropetrovsk and Zaporozhye regions.
Nippon Steel cuts prices for I-beams, while Tokyo Steel has refused to raise prices for its products.
The Global Iron Ore Price Index has hit more than a six-year high due to a lack of supply for mid-grade fines and a rapid recovery in demand in China after the pandemic.
Electric steel-making furnaces of the largest metallurgical plant in Belarus were stopped by protesters against Lukashenka at about noon on Monday, the furnaces resumed operation at about 17:00.
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