Chengde Jianlong to Undertake Maintenance on September 10, SMM Reports

According to SMM research, the power rationing intensified again in Jiangsu on the evening of October 18, forcing local steel mills to cut their production massively. At present, steel mill 1 (blast furnace) has stopped production on the night of October 18. The rolling line of steel mill 2 (blast furnace) will reduce the power use by 60%. Steel mill 3 (blast furnace)’s hot rolling line will reduce the production by 50%.

The iron ore pricing mechanism should see innovations as the industry continues to evolve, according to Liu Zhenjiang, Secretary General of the China Iron and Steel Association

China will shut more outdated steel plants and lower its crude steel production capacity to below 1 billion mt by 2025, according to Yu Yong, president of China Iron and Steel Association.

China has accomplished its goal to cut 50 million mt of steelmaking capacity this year by the end of August, while another 140 million mt of low-quality steel capacity was also shut by October, accord

According to Chamber of Metallurgical Industries, from January to September, 145 major privately-owned steel enterprises have gained sales revenue of 1.33 trillion yuan.

The latest provisional data released by the Environment Agency (EA) indicates that steel packaging recycling rate remained buoyant during the second quarter of the current year.

US industrial output has been falling on a month-on-month basis since August while the manufacturing purchasing managers’ index is below 50 and suggesting that it will fall further.

Northern Europe hot rolled cold (HRC) steel prices remained flat week-on-week at €403 per ton in the week ended April 17, as per the latest figures released by The Steel Index.

According to the most recent statistics published by the World Steel Association, the crude steel production by 65 member countries was 138.045 million tonnes (Mt) in March this year.

The US Department of Commerce (DOC) on Tuesday decided to impose preliminary duties on imports of welded line pipe from Turkey.