Promote the reorganization of steel companies such as Anshan Iron and Steel and Benxi Iron and Steel

On April 6, the People's Government of Liaoning Province issued the "Fourteenth Five-Year Plan for National Economic and Social Development of Liaoning Province and the Outline of Long-Term Goals for 2035." The document pointed out that during the "14th Five-Year Plan" period, Liaoning Province will promote the reorganization of central steel companies such as Anshan Iron and Steel and Benxi Iron and Steel to cultivate world-class steel companies.

2022-03-03

Algeria poised to become world's second largest crude steel producer

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.

2022-03-03

Turkish rebar prices decrease in deals to Asia, local demand weak

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.

2022-03-03

Steel PMI increased to 48.6% in February

According to the latest data released by China Federation of Logistics & Purchasing (CFLP) and NBS, the Purchasing Managers' Index (PMI) of steel industry was 48.6% in February, 4.3 percentage points higher than that in January. New order index (NOI) was 43.3% in February, 8.3 percentage points higher than that in January.

2022-03-03

Mitsubishi Heavy Industries improving hydrogen ironmaking process

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.

2022-03-03

Metal-absorbing plants powering eco-friendly mining industry

Metal mining is, by nature, a destructive process, resulting in huge areas of deforestation and environmental upheaval. It has long been known however, that plants are capable of absorbing metals from the soil, and in some cases, in very large amounts.

2022-03-03