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Korean Steelmakers Hit by Double Whammy — Demand Cliff and Cost Surge

[Ferro-Alloys.com] The Korean steel industry is suffering from a double whammy — a steep rise in costs and a demand cliff following the spread of COVID-19. Although price hikes are urgently needed in view of worsening profitability amid rising production cost...

Wednesday, July 1, 2020

Ferrosilicon futures report (07/01/2020)

The 2009 ferrosilicon contract price on ZCE closed at 5944 yuan per ton on July 1.

Wednesday, July 1, 2020

AISI Welcomes New Chairman of the Board

The American Iron and Steel Institute’s (AISI) Board of Directors formally elected John Brett.

Wednesday, July 1, 2020

US Steel Production Capacity Utilization in US last Week Improves to 55.4%

Adjusted year-to-date production through June 27, 2020 was 39,165,000 net tons, at a capability utilization rate of 67.0 percent.

Wednesday, July 1, 2020

US Steel Imports Down 19% Year-to-Date Through May

American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 1,792,000 net tons (NT) of steel in May 2020.

Wednesday, July 1, 2020

European Commission Changes EU Steel Import Quotas System

The European Commission has published the result of its second investigation reviewing the safeguard measures put in place by the European Union on imports of steel products.

Wednesday, July 1, 2020

Blockchain-based iron ore platform MineHub publishes first transaction

Miner BHP and China Baowu Steel Group, the world's largest steel producer, have completed a first iron ore trade on MineHub.

Wednesday, July 1, 2020

Ferrosilicon Daily Express 7.1

China's steel sector purchasing managers' index (PMI) decreased by 1.6 points from May to 49.3 in June.

Wednesday, July 1, 2020
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