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Overcapacity in the global steel sector is one of the US industry’s main challenges, as weak trade laws encourage foreign mills to send unfairly traded volumes stateside, a top US Steel executive said.
China’s export prices for plate dropped further this week in a sluggish market.
Anglo American is looking at a number of potential assets in Mongolia with a focus on metallurgical coal and copper, Graeme Hancock, the miner’s chief in the country, said.
China’s crude steel output rose again in early June after recording drops over the preceding 20 days, according to estimates from China Iron & Steel Assn (Cisa) released on Wednesday June 19.
Australia’s New South Wales state government announced on Tuesday June 18 that it plans to sell the world’s largest coal port at Newcastle.
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Emirates Steel sees its pellet demand rocketing in the coming years on the back of ambitious steelmaking capacity expansion plans, ceo Saeed Ghumran Al Romaithi told Steel First in Abu Dhabi.
Russian steelmakers have started to feel the effects of a decline in new car sales in the country, which began in March.
Low stock levels, combined with signs that steel prices may have hit a temporary floor, have lured service centres in the USA into the market, in turn helping mills in their attempts to raise prices.
The number of anti-dumping investigations involving China is expected to rise in Brazil over the next few years as local companies become “more aware” of their trade defence options.
Russian state-run gas monopoly Gazprom will buy large-diameter pipes (LDP) directly from producers, not from traders, for the first time since 2008, according to the energy giant’s purchasing website.
Will Rio Tinto go ahead with Pilbara expansion plans?
Delegates at the Steel Success Strategies conference in New York on June 17-19 will be looking for answers to how the US steel industry will survive the current depressed market conditions and economic uncertainty.
The Five Year Outlook for the Global OCTG Industry, by Metal Bulletin Research (MBR), predicts that global demand will rise by 4.5% annually and that the value of the market will double in the years up to 2020.
Brazilian and CIS pig iron producers are looking to adjust their output and marketing strategies in response to the current challenging market conditions.
The future of the Galmed steel plant in eastern Spain is uncertain. Many believe that, for it to have a sustainable future, ArcelorMittal will have to be involved in some way. Metal Bulletin Research (MBR) investigates.
US coal producer Alpha Natural Resources is focusing on expanding its presence in Asia and South America, chairman and ceo Kevin Crutchfield told Steel First recently.
International coke producer SunCoke Energy plans to increase its share of the US and Canadian coke market, chairman and ceo Frederick “Fritz” Henderson told Steel First recently.