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The World Steel Association’s recently released “World Steel Statistics for 2021” shows that the global crude steel output in 2020 is 1.878 billion tons, an increase of 0.5% year-on-year, and the compound annual growth rate of crude steel output from 2015 to 2020 is 3.0%. From the perspective of steelmaking technology, in 2020, the global…

The Ukrainian Iron and Steel Manufacturers Association has submitted a temporary ban on the export of scrap steel to the Prime Minister of the country, requesting it to consider banning the export of scrap steel from Ukraine before December 31, 2023 to ensure the stable development of the metallurgical industry and the country’s economy. The…

According to statistics from the General Administration of Customs of Vietnam, the country exported 5.88 million tons of steel in the first half of the year, a year-on-year increase of 50.5%. Steel exports in June rose 4.3% year-on-year to 1.02 million tons. In the context of the recovery of domestic production and the growth of…

The World Steel Association’s recently released “World Steel Statistics for 2021” shows that the global crude steel output in 2020 is 1.878 billion tons, an increase of 0.5% year-on-year, and the compound annual growth rate of crude steel output from 2015 to 2020 is 3.0%. From the perspective of steelmaking technology, in 2020, the global…

China’s steel imports and exports in 2020: From January to December, the total export of steel products is 53.677 million tons, and the total import of steel products is 20.233 million tons. my country’s steel exports are far greater than steel imports. Among them, 16.085 million tons of plates were imported, an increase of 5.76…

TASS News Agency (TASS) quoted Russian First Deputy Prime Minister Andrei Belousov as saying on Wednesday that the country will decide whether to impose additional taxes on steel producers this year. Metal producers in Russia may face additional taxes of 100 billion rubles (US$1.4 billion) to the government. TASS quoted Belousov as saying that he…

The Indian Stainless Steel Development Association (ISSDA) recently stated that Indonesia will replace India as the world’s second stainless steel producer. The Global Stainless Steel Forum (ISSF) pointed out at an industry conference that, given that Chinese steel producers have built a large amount of stainless steel production capacity in Indonesia, it is expected that…

India Ratings said in a steel industry report on Monday that strong export demand and rising international prices will enable Indian steel producers to increase overseas shipments, although high transportation costs may cause concerns. As the epidemic prevention measures have led to a sharp drop in steel demand in most industries, soaring steel prices in…

Vietnam’s “Investment Online” reported on May 23 that the Ministry of Industry and Trade recommended that the Prime Minister of the government guide relevant departments to introduce some measures to regulate the price increase of steel products. They recommended that the Ministry of Finance adjust the import tax of steel products with large price changes. On…

In April 2021, the crude steel output of the 64 countries included in the World Steel Association statistics was 169.5 million tons, an increase of 23.3% year-on-year. In April 2021, China’s crude steel output was 97.9 million tons, an increase of 13.4% year-on-year. India’s crude steel output was 8.3 million tons, a year-on-year increase of…

According to the data from the Southeast Asian Iron and Steel Association, the amount of scrap produced locally in the seven ASEAN countries is only enough to meet half of their demand. Due to the insufficient supply of scrap steel, they need to be imported to meet. From January to November 2020, the steel industry…