Japan‘s second–largest steelmaker JFE President lintianyingzhi said the global steel industry has bottomed out, but if you want to full recovery from the most serious crisis in its history, it may take up to five years. He also predicted that steel industry consolidation will accelerate. Global glut raises steel prices last year dropped to its…
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In 2015, the global iron ore prices fell more than 45%, decline and flat in 2014, the main reason including supply exceeds demand, cost reduction and a stronger dollar. Since the lows in July after strong rebound, the global iron ore prices have been steadily declining since the beginning of October. Since December, the global…
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As prices and Chinese producers dumping excess inventory to the world market, the global steel industry is difficult to find. But if you must find a, industry observers at least a certain reason for Asia’s second-largest emerging markets are optimistic in India. International iron and steel association, director-general of Edwin bassoons said: “there’s really only…
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Japanese steel union (JISF), the latest figures show in November 2015, Japan’s steel exports of 3.237 million tons, down 1.8% year-on-year, fell for four months, down 5.6% month-on-month. The ordinary steel exports of 2.17 million tons, down 4.4% month-on-month, an increase of 1.9%. According to the export region, Japan to South Korea’s exports of 545000…
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According to data released by the iron and steel association, South Korea, in November, the south Korean steel exports reached 2.56 million tons, fell 5.3% year on year, fell 4.4%. At the same time, steel imports fell 11.5% year on year to 1.66 million tons, respectively, fell 16.1%. In November, the south Korean steel net…
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According to Latin America is expected to iron and steel association in 2015, Latin American countries have finished steel consumption fell 3.4%, steel consumption is mainly affected by the region plunged down in Brazil. According to the agency expects the Brazilian steel consumption this year is 22.3 million tons, 12.8% year-on-year decline, while Mexico steel…
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Algeria’s government will invest 2 billion dollars to Anna ba region al hajar (ElHadjar) steel mills and shandong, the national industrial vehicles company (SNVI) reconstruction project. Northern Algeria cloth mir das province industrial and mining minister said AbdesslamBouchaoureb Boumerdes, $1 billion of which will be used in the country’s industrial company (SNVI) vehicles and equipment…
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India’s biggest integrated iron and steel enterprises are planning in this fiscal year (as of the end of March 2016) improve the finished steel production, however consultancy located in mumbai India a rating agency, has issued a report warned that there were no significant growth in India’s domestic steel demand, under the prospect of an…
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Turkey and Russia military crisis intensified, Russia claimed that trade sanctions against Turkey, worries the iron and steel industry in Turkey. At present, Turkey is paying close attention to the Russian move, Russia trade sanctions will seriously damage the steel trade between the two countries. Turkish steel exporters association, for a long time, Turkey and…
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This year, China’s steel exports reached record levels of more than 100 million tons, suggests that China relies on global sales to help digest excess capacity. From steel to aluminum, Chinese exports of processing raw material rising, helped push commodity prices fell to their lowest level in nearly a decade, depressing global miners and steelmakers.…
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