December 2016

2016 REVIEW: What do China’s SOE bankruptcies, debt issues and reforms mean?

The recent China state-owned enterprise bankruptcies – Guangxi Nonferrous Metals Group and Dongbei Special Steel – signal Beijing is gradually allowing market forces to play out even as they sound a warning to others to clean up their act.

Brazilian prosecutors file action against ThyssenKrupp CSA, former governor on licence issue

State prosecutors in Brazil’s south-eastern Rio de Janeiro state have filed a public civil action against ThyssenKrupp CSA and local authorities over an “illegal operating authorisation” granted to the slab producer in 2010.

World DRI output rose 7% in November, Worldsteel says

Global output of direct reduced iron (DRI) rose by 6.98% year-on-year in November 2016, according to the World Steel Assn (Worldsteel).

Brazil's flat steel sales to rise 5% in 2017, Inda says

Flat steel sales in Brazil are expected to rise by 5% year-on-year in 2017, the country’s flat steel association, Inda, said on Tuesday December 20.

CIS crude steel output up 4% in November

Crude steel production in the CIS region rose by 4.24% year-on-year in November 2016 to 8.55 million tonnes, the World Steel Assn (Worldsteel) said on Thursday December 20.

Renaud Moretti appointed ceo of NLMK Europe Strip

NLMK has appointed Renaud Moretti ceo of NLMK Europe Strip, the company said on Tuesday December 20.

EC sets 12.5% preliminary anti-dumping duty on rebar from Belarus

The European Commission (EC) has imposed provisional anti-dumping duties on certain concrete rebar and rods imported from Belarus.

SSAB expects to lose 40,000 tonnes of output after Swedish plant breakdown

Swedish steelmaker SSAB is expecting a net production and delivery loss of around 40,000 tonnes, following a production breakdown at its 650,000-tpy heavy plate mill in Oxelösund, Sweden, the company said on Tuesday December 20.

Global crude stainless steel output up 7% in first nine months of 2016, ISSF says

Crude stainless steel production rose worldwide by 6.97% year-on-year in the first nine months of 2016, the International Stainless Steel Forum (ISSF) said on Tuesday December 20.

Japan’s crude steel output down 1.4% in November

Japanese crude steel production moved down by 1.40% year-on-year in November on lower volume from basic oxygen furnace mills, according to data from the Japan Iron & Steel Federation (JISF).