A deteriorating demand outlook has forced Japanese steel maker Nippon Steel to plan additional steel output cuts after July, by bringing forward the closure of two blast furnaces (BFs) originally planned for later this year.
News ID: 9385 Publish Date : 2020/05/08
ArcelorMittal and Nippon Steel India (AMNS India), formerly known as Essar Steel, has acquired a power plant and an iron ore slurry pipeline, securing control of infrastructure that is critical to the smooth functioning of its steel and pellet plants in the country.
News ID: 8579 Publish Date : 2020/03/04
Nippon Steel Nisshin Co., Ltd. has decided to conduct banking of the No. 2 blast furnace at the Kure works around mid-Feb’20 and to focus on production of the No. 1 furnace, in order to improve production efficiency and further stabilize blast furnace operation. The reason for this is that both blast furnaces were operating at a low utilization rate due to a fire accident at the Kure Works in Aug’19, in addition to the deteriorating environment for steel demand.
News ID: 8108 Publish Date : 2019/12/24
Vietnam's domestic integrated steel maker Formosa Ha Tinh has today announced a hike in its hot-rolled product prices by USD 15/MT for Feb'20 deliveries.
News ID: 8042 Publish Date : 2019/12/13
In conversation with Vietnam based market participants, SteelMint learned that prominent HRC exporting nations keep their offers consistent against the previous week.
News ID: 8026 Publish Date : 2019/12/16
A joint venture between ArcelorMittal and Nippon Steel has completed the acquisition of India's Essar Steel, taking over its operations.
News ID: 7995 Publish Date : 2019/12/17
Japan's Nippon Steel has settled its October-December contract for semi-soft coking coal with an Australian supplier at $98/t fob Australia.
News ID: 7981 Publish Date : 2019/12/16
In conversation with trade participants, SteelMint learned that Indian mills have increased HRC export offers to Vietnam by around USD 5-10/MT against last week.
News ID: 7304 Publish Date : 2019/10/31
ArcelorMittal continues to lead but with lower output volume; 6 Indian steel players make it to top 100 list
News ID: 6308 Publish Date : 2019/09/05
Imported HRC offers to Vietnam reported further decline as end users in Vietnam are bidding on lower side. Thus disparity between bids and offers resulted to softening imported HRC offers to Vietnam for June -July shipments.
News ID: 4644 Publish Date : 2019/05/26
Nippon Steel , the world’s third largest steel manufacturer has set a target to raise its crude steel output to 11 MnT per quarter in the fiscal year starting from 1 April 2019. The average of estimated quarterly output for the ongoing financial year 2019 comes in at 10.3 MnT.
News ID: 3996 Publish Date : 2019/03/13
The world’s No.2 iron ore miner, Rio Tinto, (ASX, LON:RIO) was forced to close part of its Cape Lambert export terminal in Western Australia after a fire damaged part of the installations.
News ID: 3227 Publish Date : 2019/01/11
Japan's JFE Steel has agreed to a first-quarter 2019 contract price of $131/t fob Australia for semi-soft coking coal with Indonesian producer Adaro and Australian mining firm Stanmore Coal.
News ID: 3223 Publish Date : 2019/01/10
South Korean steel producer Posco has agreed to a contract price of $145/t fob Australia for the October-December quarter with Australian producer Realm Resources for low-volatile pulverised coal injection (PCI) brand Foxleigh.
News ID: 2921 Publish Date : 2018/12/15
According to the latest reports, competition watchdog CCI (Competition Commission of India) has approved Japan-based Nippon Steel & Sumitomo Metal Corporation's acquisition of 51% shareholding in Sanyo Steel. Besides, the regulator has approved the transfer of 100% shareholding in Ovako to Sanyo Steel.
News ID: 2826 Publish Date : 2018/12/07