Indonesia steel demands is predicted to be 13.5MT 2017-10-30

Oct. 30, 2017 - The trade deficit in iron and steel of Indonesia reached US$4.3 billion in 2016, which pushed the government has launched stricter import inspections and safeguards to reduce steel imports. The efforts led to a 4.2 percent reduction year on year to 9.1 million tons in the first nine months of 2017, according to Central Statistics Agency (BPS) data. …

Winter production plan issued for refractories makers 2017-10-30

Oct. 30, 2017 - Recently, the provincial governments of Henan, Lvliang of Shanxi, Zouping, Shouguang and Binzhou of Shandong, Beijing, Tianjin, Hebei and Inner Mongolia have issued in succession their Off-peak Operation Plans for Industrial Producers during the upcoming 2017-2018 Winter Season, in order to effectively cope with the periodical heavy pollution …

The challenges ahead for the steelmaking materials markets 2017-10-27

Oct. 26, 2017 - Today, it is estimated that the global steel industry uses about 2 billion tonnes of iron ore, 1 billion tonnes of metallurgical coal and 550 million tonnes of recycled steel to produce 1.6 billion tonnes of crude steel annually. Steelmaking materials are some of the biggest commodities in the world in terms of volume of production, consumption and transporta…

Float glass plant opens in Ninh Binh, North Vietnam 2017-10-26

Oct. 24, 2017 - A float glass manufacturing plant started operation recently in the northern province of Ninh Binh’s Khanh Cu Industrial Zone, Vietnam. Financed by INDEVCO Joint Stock Company, the plant provides 80 million metres of glass annually to meeting the increasing demand of domestic and international markets. The plant, which can utilize the provin…

China's steel demand growth to stay flat next year 2017-10-25

Oct. 24, 2017 - Growth in steel demand is expected to remain subdued in China next year as the government continues to shift its focus from manufacturing to services and steps up environmental protection measures, according to the World Steel Association. "China's steel demand may remain relatively stable in 2018," said Wang Guoqing, research director at the Lange Steel Info…

China's imports of chrome ore up 90.31% YoY in September 2017-10-25

Oct. 24, 2017 - In September 2017, China’s imports of chrome ore were 1,330,595 mt, up 31.65% MoM and 90.31% YoY. Imports of ferrochrome fell to 243,768 mt, down 5.84% MoM and down 2.74% YoY.

September 2017 world crude steel production 2017-10-24

Oct. 23, 2017 - World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 141.4 million tonnes (Mt) in September 2017, a 5.6% increase compared to September 2016. World crude steel production was 1,266.9 Mt in the first nine months of 2017, up by 5.6% compared to the same period in 2016. Asia produced 876.3 Mt of crude steel,…

China to explore iron ore in Peru 2017-10-23

Oct. 20, 2017 - Peru, traditionally a copper, zinc and precious metals miner, is closer to becoming a regional force in the iron ore industry as Chinese mining companies ramp up investment. The company aims to finish work on a feasibility study next month for the 21,200ha property in Arequipa region before securing final permits from the energy and mines ministry (MEM),…

Zimbabwe high on popularity list for new FeCr smelters 2017-10-23

Oct. 19, 2017 - You can now add Yuanda Juhua, a major ferroalloy producer, to the list of Chinese ferrochrome smelters looking to build new facilities in Zimbabwe to take advantage of the country’s vast chrome reserves, especially after the government said it is considering reviving the ban on chrome ore exports.  Yuanda Juhua is already on track to become China’s sec…

World capacity of silicon carbide reached 1.241 million tons 2017-10-21

Oct. 21, 2017 - It is calculated that world silicon carbide (Black silicon carbide, SiC>93) production carbide was about 1.241 million tons in 2016. The top five production countries in quantity was China, Norway, Netherlands, South Africa and USA, together accounted for more than 60% of total capacity of world’s silicon carbide. Details are shown as following pie chart: …

Graphite electrode shortage could last five years plus 2017-10-20

Oct. 20, 2017 - The graphite electrode shortage could last five years or more, investment bank Jefferies said in a report Wednesday after spending time with management of Japanese producer Tokai Carbon. Jefferies said 10% of needle coke output is now being directed to the lithium-ion sector and anode material production requires the same facilities as graphite electrode productio…

Ghana to earn $450 billion from processing bauxite deposits 2017-10-20

Oct. 20, 2017 - Vice President Dr Mahamudu Bawumia says Ghana stands to earn $450 billion dollars, if the country processes about 900 million metric tonnes of its bauxite reserves. To this end, he said government would set up a Bauxite Development Authority to facilitate the establishment of an Aluminum Refinery to process the bauxite deposits. Vice President Bawum…

Magnesite Crisis: A challenge to Refractory Industry 2017-10-20

Refractory is indispensible to any industry and specifically to Steel plant. Steel industry consumes about 70 % of the entire quantity of refractory production world wide. The remaining: some less than 30 percent of production is distributed to all other industry; Cement, Non ferrous metallurgy, Glass, Petro Chemical and others. Against the requirement of steel plant ref…

Speech by OECD Secretary-General Angel Gurría at worldsteel 2017 General As… 2017-10-19

Remarks by Angel Gurría, OECD Secretary-General 16 October 2017, Brussels, Belgium Ladies and gentlemen, Thank you for inviting me to this distinguished event. You meet at a critical time for the steel business as there is a lot at stake for the months to come. Let me start with the big picture. There are some welcome signs that our economies may finally be escaping…

World Steel Association elects new officers and welcomes new members 2017-10-19

Oct. 18, 2017 - The Board of Directors of the World Steel Association (worldsteel) yesterday elected the following new officers for 2017/2018 at the worldsteel General Assembly in Brussels. The new officers are elected for a one-year period:     Chairman: Kosei SHINDO, Representative Director & President, Nippon Steel and Sumitomo Metal Corporation…