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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…

It is expected that with the recovery of the global economy, global steel consumption will increase by 3.6% year-on-year in 2021, and the growth rate will slow slightly in the following years. The global crude steel production is expected to show a similar trend, with a year-on-year growth of 3.0% in 2021 and a year-on-year…

In March 2021, the crude steel output of the 64 countries included in the World Steel Association statistics was 169.2 million tons, an increase of 15.2% year-on-year. In March 2021, China’s crude steel output was 94 million tons, a year-on-year increase of 19.1%, India’s crude steel output was 10 million tons, a year-on-year increase of…

With the explosion of e-commerce, the prosperity of the shipping industry may continue until 2022. David Jordan, Asia Regional Director of Maritime Strategies International (MSI), a shipping consulting agency, said that from the demand side, the surge in freight demand will continue until the second quarter of this year, and the current freight volume is still…

Arnab Hazra, deputy secretary general of the Indian Iron and Steel Association (ISA), recently stated that Indian steel demand will rebound strongly in 2021 and is expected to grow by about 22% to about 100 million tons. Arnab Hazra is also an economist, He said that the Indian economy will recover strongly in 2021, and the…

According to data from the China General Administration of Customs on April 13, 2021, China have exported 7.542 million tons of steel in March 2021, a year-on-year increase of 16.4%. From January to March, China have exported 17.682 million tons of steel products, a year-on-year increase of 23.8%. In March, China have imported 1.322 million tons of steel, a…

In 2020, under the influence of special factors such as Covid-19, China’s crude steel output exceeded 1 billion tons for the first time, and its share of world steel output rose to 57%. While this abnormally rapid growth has allowed the profits of steel companies to rise, it has also triggered some calm thinking in…

In 2020, the national crude steel output was 1053 million tons, an increase of 5.2% year-on-year, and the growth rate dropped by 3.1 percentage points year-on-year. The output of steel was 1324.89 million tons, an increase of 7.7% and a decrease of 2.1 percentage points. The output of coke was 471.16 million tons, a zero…

The high-end large-thickness quenched and tempered offshore steel API2YGr60 developed by HBIS Wugang has successfully passed the performance inspection of the 725th Research Institute of China State Shipbuilding Corporation (hereinafter referred to as 725), Tianjin University and other units, with good indicators, reaching the leading level in the industry, filling the domestic gap. In response to…

On the occasion of the resumption of work during the Spring Festival, the market expects that Chinese steel mills will gradually adjust inventories and increase production; affected by this, the spot price of iron ore on Thursday (February 18) soared by US$8.17 to US$175.05 per ton (approximately RMB 1,136). Yuan), an increase of 4.9%. At…

According to related reports, the Asian steel market has been discussing in the past month that China may cut the steel export tax rebate from the current 13% to 9%, or cancel it altogether. A trader said that this may be in line with the CPC Central Committee’s policy of reducing production capacity of steel industry.…