Stoppages and reduced production rates in the automotive sector resulting from a shortage of semiconductors has resulted in lower scrap output, participants said.

Jinneng Holding, has reduced its coal production guidance figure for 2025 to 500 million tonnes from the previous 600 million tonnes.

Domestic efforts to curb China’s total steel output are likely to begin soon.

Stoppages and reduced production rates in the automotive sector resulting from a shortage of semiconductors has resulted in lower scrap output, participants said.

The American Iron and Steel Institute reported that for the month of May 2021, US steel mills shipped 7,987,038 net tons

Business Korea reported that South Korean steel industry is likely to be most affected by the European Union’s Carbon Border Adjustment Mechanism.

Korea IT Times reported that Hyundai Steel will set up a production system for 9% Ni steel plates that can withstand cryogenic temperatures.

China Baowu Steel Group has signed an agreement with partners to set up a carbon neutral fund, targeting a total investment of CNY 50 billion