On the morning of February 2, Chongqing Iron and Steel 3# blast furnace re-production and ignition success, marking the Chongqing Iron and Steel blast furnace system upgrading project completed, opened Chongqing Iron and Steel ¡°three big one small¡± four blas...

The country produced 30.14mn t of crude stainless steel in 2020, up by 2.51pc from 2019.

The Argus weekly domestic US HRC index was flat at $1,200/st ex-works Midwest last week. Lead times fell to 7-8 weeks from 8-9 weeks.

Russian integrated steel producers NLMK, Severstal and MMK increased raw material production in 2020.

Urals-based MMK sold 5pc less steel in 2020, reaching 10.8mn t, of which 4.3mn t was hot-rolled coil (HRC), down by 3.8pc on the year.

The last increase was on 8 January, making this the fifth offer hike since mid-November last year of a total of €200/t.

U.S. Steel Corp. recently bought the remaining 50.1% of Big River Steel. The acquisition cost $774 million, while U.S. Steel spent about $700 million when it acquired a 49.9% stake in Big River Steel in November 2019.

SSAB intends to be a fossil fuel-free company by 2045, and to supply its first fossil fuel-free steel to the market in 2026.