China Steel PMI Falls in October

Affected by the dual control of energy consumption and the power rationing policy, a steel mill in Guangxi will reduce its hot rolled coil output by about 30% in October, and the same proportion of customer orders for the month will be adjusted.

China's import volume of unwrought copper and copper semis in August were 393,900 mt, a year-on-year decrease of 41.07%, and a month-on-month decrease of 7.2%. The imports from January to August were 3.61 million mt, a year-on-year decrease of 15.4%.

This is a roundup of news in the steel industry for last week.

The steel industry plays an important role in leading global low-carbon development and addressing climate change under the carbon neutrality target. And as traditional processes are reaching their carbon reduction limits, the steel industry must achieve breakthrough technologies in order to realise this target. In the future, hydrogen metallurgy will become the new windfall for the steel industry. This article will giver an overview of the key cooperation projects between international mines and China steel companies in the field of low carbon technology.

According to the most recent statistics published by the World Steel Association, the crude steel production by 65 member countries was 139.308 million tonnes (Mt) in May this year.

The Global Steel Processing Market is projected to be around $642.43 Billion by 2020 growing at a CAGR of 2.16% from 2015 to 2020.

According to the recent data published by the World Steel Association (World steel), the crude steel production by EU-28 countries were up marginally by 0.3% during the month of April year-on-year.

Steel demand on South Korea’s hot rolled coil mills is subdued, amidst an inflow of low-priced imports from China and a slowing economic recovery, said MEPS International.

According to the recent data published by the World Steel Association, the crude steel production by EU-28 countries slipped considerably by 5.7% during the month of Dec '14 year-on-year.

The recently seen flat trends in the steel industry seem to have had an adverse effect on the iron ore sale of the company, along with that, the iron ore imports have also been noted to be increasing.