Ferrosilicon Daily Express 10.18

  • Friday, October 18, 2019
  • Source:ferro-alloys.com

  • Keywords:Ferrosilicon, futures, spot
[Fellow]U.S. steel mills shipped 8,472,088 net tons in August.

[Ferro-Alloys.com] "In the last decade, China has been creating steel conglomerates and investing in new mills and cutting-edge technologies for the industry. Today, the focus on innovation, startups and digital technology for the industrial base has become a major competitive advantage for the country." said André Bier Gerdau Johannpeter, worldsteel Chairman 2018/2019 and Executive Vice Chairman, Gerdau.

World Steel Association: Construction in emerging markets will be strong, largely influenced by infrastructure projects. In China, the real estate sector drove growth in construction activity in 2019, but in 2020 this will slow down. In ASEAN and India, active infrastructure investment is expected to drive construction.

The American Iron and Steel Institute (AISI) reported today that for the month of August 2019, U.S. steel mills shipped 8,472,088 net tons, a 4.4 percent increase from the 8,115,103 net tons shipped in the previous month, July 2019, and a 0.4 percent increase from the 8,441,597 net tons shipped in August 2018. Shipments year-to-date in 2019 are 64,810,436 net tons, a 1.8 percent increase vs. 2018 shipments of 63,656,882 net tons for eight months.

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  • [Editor:kangmingfei]

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