South Korea's Hyundai Steel Co. has bumped up its first-ever environment, society and governance (ESG) bond issues to 500 billion won ($453.5 million) after its initial offering attracted overwhelming investor interest during a book building session.
Financial results of India's Jindal Steel and Power (JSPL) kept climbing in Q1 of FY2022 (January-March 2021) on higher sales volumes and surging finished steel tags in the domestic market.
While the pandemic somewhat foiled Algeria's global expansion in 2020, the country has started this year with overseas steel export shipments. Some rebar tonnages have been exported in January. Producers do not plan to stop on these achievements.
Negative developments in the segment of imported scrap led to a weakening of demand for Turkish rebar in the local market, as buyers expect bigger discounts from producers. At the same time, mills managed to sell several large batches to customers from Asia, albeit at lower prices.
Recently, Japan's Mitsubishi Heavy Industries Co., Ltd. plans to build ironmaking equipment in Europe that uses hydrogen instead of coke. The project will be promoted in cooperation with Austrian Voestalpine Group, and is expected to start operation in 2021. After operation, it is expected that the annual output of steel can reach 250,000 tons, making it the world's largest hydrogen ironmaking facility.
Lotte Aluminium has been certified against the Aluminium Stewardship Initiative (ASI) Chain of Custody (Coc) Standard at its rolling facility in Ansan, South Korea, it said on January 21.
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