GFG and the Luxembourg government are locked in a standoff over the purchase of Liberty Dudelange
Talks between Luxembourg’s government and Britain’s GFG consortium to buy the Dudelange factory have stalled, with the two sides unable to agree on the value of the company’s assets.
Iran’s crude steel production increased significantly in 2022
It is understood that among the world’s top 10 steel producing countries, Iran’s crude steel production increased the most significantly last year. In 2022, Iranian mills produced 30.6 million tons of crude steel, an increase of 8 percent over 2021.
Japan’s JFE cut steel production for the year
According to Masashi Terahata, executive vice president of JFE Holdings, the company has been facing a difficult environment since last quarter, with a decline in steel demand in Japan and a slowdown in the recovery of steel demand for overseas use.
Vietnam’s steel export orders were brisk in January
At the beginning of this year, Hoa Phat, Vietnam’s largest steelmaker and steel development group, received many orders to export steel to the US, Canada, Mexico, Puerto Rico, Australia, Malaysia, Hong Kong and Cambodia.
India plans to increase scrap use
New Delhi: The Indian government will push major steel producers in the country to increase scrap input to 50 percent between 2023 and 2047 to achieve a faster circular economy, Steel Minister Jyotiraditya Scindia said in a statement on February 6.
Korea s YK Steel will build a small plant
YKSteel, controlled by Korea Steel, ordered equipment from SMS, a German metallurgical equipment maker. In late 2021, YK Steel announced the relocation and upgrading of its existing facilities, but those plans eventually changed and a decision was made to build a new plant that will be operational in 2025.
Cleveland-cleaves raises sheet price
Cleveland-Cliffs, the largest U.S. sheet maker, said Feb. 2 that it had raised base prices on all flat-rolled products by at least $50. This is the company’s fourth price increase since late November.
SAIL of India achieved its highest monthly crude steel production in January
SAIL, India’s state-run steelmaker, said in a statement on the 6 February that total crude steel production at all its plants reached 1.72 million tonnes and finished steel production reached 1.61 million tonnes in January, both the highest monthly volumes ever recorded.
India became a net importer of finished steel in Q4 2022
India’s imports of finished steel exceeded exports for the third consecutive month in December 2022, making the country a net importer of finished steel in the fourth quarter of 2022, provisional figures released by the Joint Works Commission (JPC) showed on January 6.
Post time: Feb-08-2023