Moody's Upgrades Tata Steel's Long Term Rating To Baa3 On Solid Credit Profile, Indian Steel Operations

Moody's Investors Services has upgraded Tata Group-backed leading steelmaker, Tata Steel's ratings to investment grade with a Baa3 issuer rating. Also, the rating agency has assigned the company's outlook to 'Stable' from positive. Further, it withdrew the com...

Tuesday, September 26, 2023

RMI unveils new procurement platform to facilitate 2 million ton green steel order

“We have already had initial discussions with the major incumbent steelmakers in the US,” Chathu Gamage, principal at RMI said.

Tuesday, September 26, 2023

China semi-finished steel trade in August, 2023

Over January-August, China's exports of semi-finished and finished steel increased by 30.6% on the year to 60.977 million mt.

Tuesday, September 26, 2023

August 2023 crude steel production

World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 152.6 million tonnes (Mt) in August 2023, a 2.2% increase compared to August 2022.

Tuesday, September 26, 2023

Turkey's iron ore imports down 31.4 percent in January-July

Turkey's iron ore imports totaled 635,208 mt, declining by 12.2 percent compared to the previous month

Monday, September 25, 2023

Brazilian iron ore export volumes increased in August, leading to a boost in Capesize tonne days

In the second week of September, despite the ongoing challenges surrounding China’s economic recovery and uncertainties regarding grain trade negotiations between Ukraine and Russia, we observed a continued firm momentum of freight rates.

Thursday, September 21, 2023

Peru plans to increase steel imports from Turkey

Chavez said that between 2021 and 2022 exports of steel products from Turkey to Peru reached 927,000 mt.

Thursday, September 21, 2023

Stainless steel sector fights for right to supply local parastatal projects

The use of local stainless steel is crucial to driving demand and the subsequent beneficiation of this highly prized metal, but work still needs to be done to cement the correct specifications of South African stainless steel components in key strategic projec...

Wednesday, September 20, 2023
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