October 2021

EU car sales down 23% in September on semiconductor shortage

The major car-manufacturing countries in Europe recorded double-digit percentage drops in sales volumes in September 2021 due to the continuing global semiconductor shortage, the European Automotive Manufacturers Association (ACEA) said on Friday October 15.

Nippon Steel sues Baosteel, Toyota for electric steel patent infringement

Japanese steelmaker Nippon Steel is suing compatriot automaker Toyota and Chinese mill Baosteel on claims that the two had infringed on its patent for non-oriented electrical steel sheet.

Port of Los Angeles to operate 24/7 to unclog shipping

The Port of Los Angeles plans to operate around the clock seven days a week to address a growing backlog of shipments waiting in cargo containers anchored offshore to be unloaded at the port.

Mexico’s Ahmsa to cut gas consumption amid soaring costs

Mexican integrated steelmaker Altos Hornos de México (Ahmsa) has announced measures intended to reduce its consumption of natural gas after an increase in global prices.

EU extends anti-dumping duties on imports of wire rod from China

The European Commission (EC) has extended anti-dumping duties on imports of wire rod from China until 2026, the Official Journal of the European Union said on October 13.

Rio Tinto to test replacing coal with biomass for low-carbon steelmaking

Rio Tinto will test the use of biomass in place of coking coal in the steelmaking process in a small-scale pilot plant, in an attempt to cut the industry’s carbon emissions through the use of innovative technologies, it announced on Thursday October 14.

Cisa member mills’ finished steel inventories rise 7% in early October

The finished steel inventories of member mills of the China Iron & Steel Association (Cisa) increased by 7.43% in early October from the preceding 10 days, according to data published by the association on Thursday October 14.

Fresh trade case could bolster US OCTG prices

Prices for most oil country tubular goods (OCTG) and electric-resistance welded (ERW) line pipe in the United States were steady or increased slightly in October.

US sets anti-dumping duties vs South Korean cut-to-length plate

The United States Commerce Department has finalized anti-dumping duties on cut-to-length carbon-quality steel plate products from South Korea that it said was sold in the US at less than normal value from February 1, 2019, through January 31, 2020.

Brazilian tube suppliers Vallourec, Grupo Açotubo create joint venture

Pipe producer Vallourec and Brazilian tube, bar and stainless steel distributor Grupo Açotubo announced a joint venture to supply steel tubes and pipes to industrial clients.