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Australia forecasts lower iron ore prices over rest of 2021
Domestic efforts to curb China’s total steel output are likely to begin soon. |
US Steel Shipments in May Up 46% YoY
The American Iron and Steel Institute reported that for the month of May 2021, US steel mills shipped 7,987,038 net tons |
South Korean Shipbuilders to Face Earnings Shock in Q2
South Korean Shipbuilders to Face Earnings Shock in Q2 |
Hyundai Steel Nickel Steel Plates for LNG Cryogenic Tanks in Ships
Korea IT Times reported that Hyundai Steel will set up a production system for 9% Ni steel plates that can withstand cryogenic temperatures. |
EU CBAM to Impact South Korean Steel Makers
Business Korea reported that South Korean steel industry is likely to be most affected by the European Union’s Carbon Border Adjustment Mechanism. |
Baowu Steel Group Plans CNY 50 Billion Carbon Neutral Fund
China Baowu Steel Group has signed an agreement with partners to set up a carbon neutral fund, targeting a total investment of CNY 50 billion |
BIS Standards Wreak Havoc in Metal Packaging Industry in India
India’s tin can making industry association Metal Container Manufacturers |
Baowu Steel Aiming to Cross 150 Million Tonnes Steel Capacity
Baowu Steel Aiming to Cross 150 Million Tonnes Steel Capacity |
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