Vale, Brazil’s Port of Açu team up for low-carbon steel production

Thu, 28 Sep 2023 01:50:00 GMT
Vale has signed a memorandum of understanding (MoU) with the Port of Açu Operações, a deep-sea port complex, to assess the potential development of a mega-hub in Brazil for th...
https://www.ferroalloynet.com/news/vale_brazils_port_of_a...

Algeria builds 200,000-tonne steel works plant

Thu, 28 Sep 2023 01:43:00 GMT
Algeria has completed the construction of a ***,*** tonnes capacity steel works plant as part of a strategy plans to slash metal imports, newspapers in the OPEC member said on Wednesday. Algerian ...
https://www.ferroalloynet.com/news/algeria_builds_200000t...

Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products

Thu, 28 Sep 2023 01:43:00 GMT
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with...
https://www.ferroalloynet.com/news/clevelandcliffs_announ...

China’s steel output retreats in mid-Sep, but decline seen too modest

Wed, 27 Sep 2023 02:09:00 GMT
China’s daily crude steel output fell slightly in mid-September, according to China Iron Steel Association data, but overall, September output could still be higher than in August, market so...
https://www.ferroalloynet.com/news/chinas_steel_output_re...

German crude steel output decreases by 4.2 percent in January-August

Wed, 27 Sep 2023 01:45:00 GMT
In August this year, Germany’s crude steel output decreased by *.* percent year on year to *.** million metric tons, according to the information provided by the German steel federation Wirt...
https://www.ferroalloynet.com/news/german_crude_steel_out...

Brazilian steel industry asks for protection against imports

Wed, 27 Sep 2023 01:33:00 GMT
The Brazilian steel institute, IAB, is asking local authorities to increase the import tariffs on steel products, from a current range of *.* to **.* percent, to ** percent, as an alternative to r...
https://www.ferroalloynet.com/news/brazilian_steel_indust...

Green steel exports unviable with present CBAM: AM/NS

Tue, 26 Sep 2023 02:04:00 GMT
Exports of green steel from India are not feasible by **** with the current policies of the EU&#**;s Carbon Border Adjustment Mechanism (CBAM), ArcelorMittal Nippon Steel (AM/NS) India&#**;s chief...
https://www.ferroalloynet.com/news/green_steel_exports_un...

World steel output ticks up 2.2% in August

Tue, 26 Sep 2023 02:04:00 GMT
Global crude steel production edged up *.*% year-on-year to ***.* million tons in August, according to World Steel Association (worldsteel) data released on Monday. The world&#**;s top steel produ...
https://www.ferroalloynet.com/news/world_steel_output_tic...

Robust exports, stable domestic demand keep China’s steel production strong in 2023

Tue, 26 Sep 2023 02:02:00 GMT
Robust steel exports from China have emerged as a major driver supporting steel production at a time when demand activity from the country’s largest steel consumer — the property secto...
https://www.ferroalloynet.com/news/robust_exports_stable_...

Reliance Steel & Aluminum Co. is favoured by institutional owners who hold 83% of the company

Tue, 26 Sep 2023 01:57:00 GMT
A look at the shareholders of Reliance Steel Aluminum Co. (NYSE:RS) can tell us which group is most powerful. With **% stake, institutions possess the maximum shares in the company. In other words...
https://www.ferroalloynet.com/news/reliance_steel__alumin...