Fri, 19 Apr 2024 14:28:13

Global revenue from mining copper, cobalt, lithium and nickel could reach $16 trillion in current dollar terms over the next quarter century, says IMF.

Wed, 17 Apr 2024 23:18:43

The world's largest listed miner said iron ore production from mines it operates in Western Australia on a 100% basis was 68.1 million tonnes during the three months ended March 31.

Wed, 17 Apr 2024 13:06:28

The opportunity lies in massive piles of Russian metal already sitting in the LME global warehouse network.

Tue, 16 Apr 2024 23:52:22

Vale's iron ore output in the first three months of the year totaled 70.84 million metric tons.

Tue, 16 Apr 2024 16:22:00

Contained metals are estimated to be 7.4 billion lb. nickel and 297,624 lb. cobalt, representing a 21.6% increase in nickel metal tonnes.

Tue, 16 Apr 2024 12:40:43

Nornickel intends to remain a "reliable supplier of products" and will continue to fulfil all its contractual obligations, said the company.

Mon, 15 Apr 2024 15:11:08

Aluminum jumped as much as 9.4% as the market opened, the most since the current form of the contract was launched in 1987.

Thu, 18 Apr 2024 06:00:11

Srikumar Chakraborty (ex ASP/SAIL) talks about the many uses of stainless steel wire used in wire mesh products.

Mon, 15 Apr 2024 11:55:01

For over a century, Alleima has amassed nearly 60,000 research reports, invaluable but challenging to manage.

Mon, 15 Apr 2024 11:26:56

Swis Steel Group works with scrap suppliers and universities on a project to predict the quality of scrap for producing steel

Mon, 15 Apr 2024 11:19:43

Astra Energy and Powertron Global announced a joint venture with the aim to build a waste-to-energy power company.

Mon, 15 Apr 2024 11:15:08

Global Seamless Tubes & Pipes will invest USD 35M in a production facilty in northwest Louisiana, creating hundreds of local jobs.

Mon, 15 Apr 2024 11:05:33

Outokumpu announces alloy surcharges of stainless steel flat products for their European customers

Mon, 15 Apr 2024 10:48:29

Paralloy has started work on a major contract to provide vital components for one of the world’s biggest petrochemical projects.

Thu, 18 Apr 2024 13:41:00

Based on reported import licenses, US long products imports increased 49% from 244,000 short tons in March, 2023 to 365,000 tons in March, 2024. Imports of every product category rose, but the largest volume increases came from parallel flange sections, wire rod, and rebar. US long products imports in the first three months of 2024 […]

The post US long products imports rise 49% on March, 2023 and 6% on Q1 2023 appeared first on Nerds of Steel - The Steel Industry Blog.

Tue, 16 Apr 2024 11:48:00

Today The Green Steel Challenge podcast releases its 10th episode dedicated to steel industry decarbonisation with an outstanding interview with Anne-Marie Grossmann, Board Member at GMH Gruppe. The podcasts are produced by the Korf Foundation and Kallanish Commodities and the discussion is all about how exactly we can deliver Green Steel. This particular podcast explores […]

The post The Green Steel Challenge podcast presents Anne-Marie Grossmann of GMH Gruppe appeared first on Nerds of Steel - The Steel Industry Blog.

Fri, 12 Apr 2024 13:11:00

Based on reported import licenses, US flat products imports rose 37% from 668,000 short tons in March, 2023 to 917,000 tons in March, 2024. The increase was mainly due to higher hot dip galvanized imports, which rose by almost 75% from many countries including Vietnam, South Africa, the United Arab Emirates, South Korea and Austria. […]

The post US flat products imports rise 37% on March, 2023. Q1 2024 imports up 25% on Q1 2023 appeared first on Nerds of Steel - The Steel Industry Blog.

Wed, 10 Apr 2024 12:15:00

In its latest Short Range Outlook (SRO) published yesterday, Worldsteel expects world steel demand in 2024 to reach 1,793 million tonnes. The new forecast lowers estimated demand growth between 2023 and 2024 from 1.9% in its October, 2023 SRO to 1.7% in the newly released figures. World steel demand is expected to grow by another […]

The post Worldsteel forecasts world steel demand to rise 1.7% in 2024, 0.2% lower than October, 2023 forecast appeared first on Nerds of Steel - The Steel Industry Blog.

Tue, 26 Mar 2024 13:29:00

Worldsteel reported crude steel production in China at 81.2 million metric tonnes in February, 3.5% higher than in February, 2023. Chinese production in the first two months of 2024 was 1.8% lower than in the same period last year. Data from China’s General Administration of Customs show net finished steel exports (exports minus imports) for […]

The post China crude steel production rises 3.5% on February, 2023 to 81.2Mt appeared first on Nerds of Steel - The Steel Industry Blog.

Mon, 25 Mar 2024 12:15:00

Worldsteel published February world crude steel production on Friday. World crude steel output was 148.8 million metric tonnes, 3.7% higher than in February, 2023. China produced 81.2 million tonnes in February, accounting for 55% of world output and rising 3.5% compared to February, 2023. World crude steel production outside of China rose 3.9% on last […]

The post World crude steel production rises 3.7% on February, 2023 to 148.8Mt appeared first on Nerds of Steel - The Steel Industry Blog.

Tue, 19 Mar 2024 12:25:00

Based on reported import licenses, US long products imports fell 15% from 332,000 short tons in February 2023 to 281,000 tons in February 2024 (despite February 2024 having 1 more day). The decline was mainly due to lower rebar imports from Turkey and Algeria. US long products imports in the first two months of 2024 […]

The post US long products imports -15% on February 2023 and -16% on first two month of 2023 appeared first on Nerds of Steel - The Steel Industry Blog.

Fri, 19 Apr 2024 21:00:58

As we mark one year since the enforcement of the Carbon Intensity Indicator (CII) regulation, the maritime industry is reflecting on the impacts and challenges of this important step towards decarbonization. The CII is a measure of a ship’s energy efficiency and has been a focal point for assessing and improving environmental performance within maritime ...

Fri, 19 Apr 2024 21:00:57

The World Trade Organization (WTO) has predicted a gradual recovery in global trade this year, following a contraction in 2023 caused by high energy prices and inflation. Its latest report, Global trade outlook and statistics, forecasts a 2.6% increase in merchandise trade volume for 2024 and 3.3% in 2025, after falling by 1.2% in 2023. ...

Fri, 19 Apr 2024 21:00:54

Global shipping freight, insurance and crew wages will likely increase significantly in the near term after Israel launched a retaliatory missile attack on Iranian soil but ongoing loadings are likely to carry on as usual, market participants said April 19. “From the information we have as of now, the current loadings are going on in ...

Fri, 19 Apr 2024 21:00:52

Your Excellency Secretary-General Guterres, The maritime industry, represented by the organisations behind this letter, are grateful for the recognition that the UN Security Council and you personally have placed on the shipping industry and the importance of the free movement as set out in international law. We also thank and applaud IMO Secretary General Arsenio Dominguez ...

Fri, 19 Apr 2024 21:00:50

The Baltic Exchange’s dry bulk sea freight index gained on Friday and posted its best week in overseven weeks, steered by firmer rates across vessel types. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 18 points, or about 1%, to 1,919 points. The index was up about ...

Fri, 19 Apr 2024 21:00:48

Drewry’s World Container Index decreased by 3% to $2,719 per 40ft container this week. Our detailed assessment for Thursday, 18 April 2024 • The composite index decreased by 3% to $2,719 per 40ft container this week and has increased by 53% when compared with the same week last year. • The latest Drewry WCI composite ...

Fri, 19 Apr 2024 21:00:46

AET also signed the Shipbuilding Contracts (SBC) for these two vessels with Dalian Shipbuilding Industry Co., Ltd (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC). The TCP was signed by Mr. Zahid Osman, President & CEO of AET and Mr. Shamsul Bahari Salleh, CEO of PTLCL; and witnessed by Captain Rajalingam Subramaniam, President and ...

Sat, 20 Apr 2024 01:48:52

Shubham Agarwal explains two strategies which can help in trading at the top more efficiently.

Sat, 20 Apr 2024 01:45:34

While Marcellus Investment Managers broadly remains positive on the market, certain segments of the market, particularly in the small and mid-cap space, may face increasing scrutiny regarding valuations, says Arindam Mandal.

Sat, 20 Apr 2024 01:27:09

The elimination of the 2019 policy, along with other steps such as limiting access by temporary workers and vendors to internal systems, are designed to comply with shifting U.S. and global labor regulations related to contingent workers, a spokesperson for Mountain View, California-based Google told Reuters.

Sat, 20 Apr 2024 01:20:41

Gold and crude oil prices advanced as market participants kept an uneasy eye on unfolding turmoil in the Middle East.

Fri, 19 Apr 2024 18:17:54

A documentary celebrating the history of Punjab’s Muslim women singers of the Mirasi community will be screened in Delhi and online.

Fri, 19 Apr 2024 17:32:33

Chief financial officer Aparna C Iyer said Capco has grown quarter-on-quarter by 6.6%

Fri, 19 Apr 2024 17:32:33

Chief financial officer Aparna C Iyer said Capco has grown quarter-on-quarter by 6.6%

Fri, 19 Apr 2024 18:55:17

"An OFS was always on the cards, and it was to be done last year itself," Misra said in an exclusive interaction with ET. "The government is of the opinion that restructuring is not to be done now, and our opinion is that, in that case, the OFS should be done now," he said. Hindustan Zinc had proposed a corporate restructuring in September last year, where it looked to create three different entities for zinc and lead, silver and its recycling business.

Fri, 19 Apr 2024 15:26:35

Hindustan Zinc had earlier announced plans to spin off its businesses into separate entities, including zinc and silver, to increase its market capitalisation.

Fri, 19 Apr 2024 06:08:55

Developing a premium villa project on Ajmer Road, Jaipur

Fri, 19 Apr 2024 05:33:31

Vedanta wants to sell part of its 80% stake in KCM and has hired Standard Chartered to manage the process in an effort to raise capital to revive the assets, which were nearly paralysed in an ownership dispute with the government that erupted in 2019 when the then-administration seized them. The deals spree is part of a push by oil-rich United Arab Emirates (UAE) and Saudi Arabia to secure critical metal supplies from Africa, a move that could also help them participate in the transition to green energy.

Thu, 18 Apr 2024 19:18:35

India's largest alloy manufacturer, JSW Steel, has raised $900 million from a consortium of eight foreign banks to refinance debt maturing this month and pre-pay high-cost borrowings. The loan was priced 180 basis points above the international secured overnight financing rate (SOFR). The consortium of banks includes Singapore's DBS Bank, France's BNP Paribas, UK-based HSBC and Standard Chartered, UAE's Mashreq Bank and First Abu Dhabi Bank, Japan's Sumitomo Mitsui Banking Corp (SMBC) and Taiwan's CTBC Bank.

Thu, 18 Apr 2024 19:03:08

The coal ministry will auction coal mines by May 10 to boost domestic production, reduce imports, and encourage imported coal-based power plants to switch to domestic fuel, aiming for zero thermal coal imports.

Thu, 18 Apr 2024 13:11:06

Vesuvius India Ltd, part of Vesuvius Group, plans to invest around Rs 1,000 crore in India over the next few years. The company has also inaugurated a new mould flux manufacturing plant in Vishakapatnam to meet increased demand for flux, a crucial component for steel plants. The plant is the first of three new facilities expected to be operational in 2024.

Fri, 19 Apr 2024 23:30:00

Here are the earnings estimates of major companies that are scheduled to announce their results on Saturday.

Fri, 19 Apr 2024 08:27:09

19 April 2024 - Nickel prices broke through the USD 19,000 mark at the start of trading on the LME today (Friday) and are currently up by more than 3.5%. And stainless steel prices in Asia continue to rise in response to the current market situation.

Thu, 18 Apr 2024 08:18:10

18 Apri 2024 - Stainless steel prices in Asia are robust and rising due to a significant market recovery. Supply situation in some markets remains tense. And the reporting season starts in Asia. Significant earnings growth expected for IT, utilities and raw materials companies.

Wed, 17 Apr 2024 07:51:00

17 April 2024 - The Chinese economy grew more strongly than expected in the first quarter of 2024. Among other things, this has had an impact on iron ore prices, which continued their upward trend today.

Tue, 16 Apr 2024 08:36:42

16 April 2024 - Scarce availability of Indonesian and Philippine nickel ore leads to empty warehouses at Asian smelters. Impact on nickel pig iron (NPI) to be expected soon? Aluminum prices have recovered significantly since mid-2023. And a critical comment on German association media.

Mon, 15 Apr 2024 08:09:00

15 April 2024 - US and UK sanction Russian raw materials and ban sales on LME and CME. Will the reluctant EU now also join these new sanctions? Nickel and aluminium in particular jump significantly at the start of trading on the LME.

Fri, 12 Apr 2024 08:22:26

12 April 2024 - Things are not going well in von der Leyen's state. Not only the EU public prosecutor's office and its corruption hunters are after her, but also the EU Parliament. It has now slammed the Commission President for her favouritism. And the ECB is signalling further support for the visibly recovering EU economy.

Thu, 11 Apr 2024 08:11:41

11 April 2024 - Large nickel mines and processors in Brazil and New Caledonia are not calming down. In New Caledonia, protests over nickel aid from France turn violent. In the United States, delivery times for stainless steel are now also lengthening. And the current US CPI continues to point to interest rate stability.

Fri, 03 Mar 2023 07:32:12

Steel Houses survived the Gyeongju earthquake while other homes were damaged, and more and more people in Korea are choosing steel for their homes over traditional building materials such as wood and concrete. The same trend can be observed in Japan, where earthquakes are much more frequent. In order to build more earthquake-resistant buildings, steel…

Wed, 01 Feb 2023 07:32:47

Prefabricated hospital is the new normal, that has been practiced over a number of years now.  Prefabricated hospitals are highly durable, they are earthquake resistant and can be prepared within a short span of time. The prefab hospitals can be mounted and dismounted quite easily, over again and again. These modular hospitals are built by…

Mon, 23 Jan 2023 13:31:41

Construction of a home on a hilly terrain can be a huge challenge when compared to the methodologies used in plains. A completely different topography, climatic conditions and geological challenges, the architects taking up projects in the hills have to take special measures to give the building the required structural strength. Light Gauge Steel is…

Thu, 19 Jan 2023 07:15:58

Globally, skilled labor shortages are making it difficult to adequately staff projects and deliver quality work. In the same vein, poor productivity is another notable challenge for the construction industry, which is often unfavorably compared to manufacturing where significant efficiency gains have been made (an average of 1% global labor-productivity growth in construction compared to…

Tue, 20 Dec 2022 06:55:07

Did you know that cold-formed steel framing has been used as a building material since the 1800s? Then, however, it was in forms and proportions very different from those seen today. Cold-formed steel framing was first used to construct buildings in the 1850s in both the US and Britain. The use was mainly exploratory and…

Mon, 19 Dec 2022 13:10:00

Partnering is a broad term used to describe a collaborative management approach that encourages openness and trust between parties to a contract. The parties become dependent on one another for success and this requires a change in culture, attitude and procedures throughout the supply chain. It is most commonly used on large, long-term or high-risk…

Sat, 17 Dec 2022 08:51:47

Light Gauge Steel Frame is a construction technology that uses cold-formed steel as the primary construction material. It can be used for roof systems, floor systems, wall systems, roof panels, decks as well as the entire building. Modern light steel framing systems use sections that are cold-formed from rolls of pre-galvanized (zinc-coated) strip steel. The zinc coating…