Reports of a production suspension at Tesla’s Shanghai plant has not only contributed to a tumble in the shares of the electric-vehicle (EV) maker but also added to concerns over a slowdown in China’s car market, which has been struggling due to shrinking sales in recent months.
28 December 2022
Zihuan Pan
China’s exports of hot-rolled steel bar, rebar and wire rod increased in November, according to data released by China's General Administration of Customs on December 24.
28 December 2022
Jessica Zong
27 December 2022
Zihuan Pan
Global crude steel output decreased by 2.6% year on year in November 2022 to 139.1 million tonnes, the World Steel Association (Worldsteel) said on Thursday December 22.
23 December 2022
Elina Virchenko
United Arab Emirates rebar and pipe producer Conares Steel has started producing color-coated coil at its facility in Jafza South, chief executive officer Bharat Bhatia told Fastmarkets on Friday December 23.
23 December 2022
Serife Durmus
The biggest rebar producer in the United Arab Emirates, Emirates Steel Arkan announced a new rebar offer price of 2,380 dirhams ($648) per tonne on Friday, December 23, on rising demand and to combat higher production costs.
23 December 2022
Serife Durmus
NLMK La Louvière has declared force majeure on deliveries of hot-rolled coil after a major breakdown at its hot-rolling mill in Belgium, sources told Fastmarkets on Thursday December 22, with the potential loss of 100,000 tonnes of HRC.
22 December 2022
Julia Bolotova
German steel group Klöckner & Co is increasing its presence in North America via the acquisition of Mexican steel distributor and service center National Material of Mexico (NMM), it said.
21 December 2022
Felipe Peroni
Green steel, a healthy regional economy, and the future of iron ore, scrap and metallics in a low-carbon world were among the main discussion points at Fastmarkets’ Middle East Iron & Steel conference in Dubai last week.
21 December 2022
Andrew Wells, Ross Yeo
Finished steel output at China Iron & Steel Association (Cisa) mills decreased by 1.90 million tonnes, or 8.14%, in early December compared with the preceding 10 days, but finished steel inventories at those mills still went up, according to the latest data published by Cisa on Thursday December 15.
21 December 2022
Tianran Zhao
