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Production & Shipments
Developments that could increase or decrease steel production and shipments around the world.
Latest News
Canadian Ore Producer Set to Begin Work on New Mine
23 February 2017 - Rio Tinto’s Iron Ore Company of Canada will invest CA$79 million to open a new open-pit mine in the province of Newfoundland and Labrador.
With a Deal to Divest Its Brazilian Mill, thyssenkrupp Exits Steelmaking in the Americas
22 February 2017 - thyssenkrupp AG is ending its decade-long steelmaking venture in the Americas, agreeing to sell its integrated mill in Brazil to Latin American producer Ternium for US$1.33 billion (EUR1.26 billion).
New Tata Steel Works Finding Its Stride
21 February 2017 - Tata Steel’s new Kalinganagar works in India has reached a new production milestone – it has achieved 2 million metric tons of hot metal, reports The (India) Economic Times.
Big River Disclosed Its First-Month's Production. It's A Lot.
09 February 2017 - Start-up Big River Steel produced 63,000 tons of hot-rolled coil in January, its first full month of production, the company has announced.
Rising Demand Prompts NLMK to Reactivate Hot-Dipped Galvanizing Line
06 February 2017 - NLMK’s U.S. division has restarted the No. 2 galvanizing line at its Sharon Coating plant in Pennsylvania, the steelmaker announced on Monday.
Tata Steel May Add 2 Million Tons of Capacity to New Steel Works
30 January 2017 - A Tata Steel executive said the company will seek board approval for plans to expand a planned second phase of construction on its new Kalinganagar Works sometime by the midpoint of the year.
The World Made More Steel in 2016; Not So in the U.S.
25 January 2017 - Although the world’s crude steel output rose slightly in 2016, production in the United States dipped 0.3%, according to the World Steel Association.
Evraz Sees North American Production Fall in 2016
19 January 2017 - Weak demand for rail and tube, along with extended outages, led to a 24 percent decline in crude steel production at Evraz’s two North American mini-mills.
Fire Puts Japanese Plate Mill Out of Commission For Eight Months
18 January 2017 - A heavy plate mill in Japan is likely to remain off-line for the next eight months following a fire that damaged the facility.
Great Lakes Iron Ore Shipments Increased in 2016
17 January 2017 - The Soo Locks, which are a vital link between Lake Superior and the other Great Lakes, have closed for annual maintenance, marking the end of the 2016 shipping season. And while overall cargo volumes were down, iron ore shipments increased 7.8 percent, reports the MLive news site.
TMK Forecasts Improving Conditions in 2017
16 January 2017 - Oil country tubular goods maker TMK said it expects the U.S. oil and gas market will continue to recover this year on the back of global rebalancing, spurring increased pipe consumption.
China Exported Less Steel in 2016 -- About 4 Million Fewer Metric Tons
13 January 2017 - China’s steel exports fell 3.5 percent in 2016 as the country executed on plans to curtail capacity and as improved domestic demand diverted supply, reports the Reuters news service.
Dura-Bond to Restart Idled Tube Mill in Pennsylvania
12 January 2017 - Line pipe manufacturer Dura-Bond Industries plans to restart a mothballed United States Steel Corp. tube mill and eventually hire more than 200 people.
AHMSA Sets Production Record in 2016
12 January 2017 - Integrated steelmaker Altos Hornos de Mexico said produced a record 4.65 million metric tons in 2016, according to market reporting service S&P Global Platts.
Capacity Boost May Be in Store for Indonesian Steel Complex
08 November 2016 - Indonesia’s Krakatau Steel and South Korea’s POSCO are thinking about expanding their steelmaking assets in the Indonesian province of Banten, possibly adding 3 million to 4 million tons of capacity, reports the The Jakarta Post.
Rally in Coal, Coke Prices Forces Chinese Mills to Slow Production
07 November 2016 - Some Chinese mills are throtling back production and taking early maintenance outages on account of a rally in coal and coke prices, reports the Reuters news service.
U. S. Steel Records Q3 Profit, Reaches Agreeement on Stelco Sale
01 November 2016 - United States Steel Corp. posted a third-quarter profit of US$51 million and has agreed to sell the former Stelco to a private investment firm, the company announced on Tuesday.
EAF Production to Gain Ground, But BOF Production to Remain King
18 October 2016 - Electric arc furnace-based steel production will continue to grow faster than basic oxygen furnace production over the next several years, but the latter of the two will remain the dominant method, CRU North American steel consultant Josh Spoores said on Tuesday.
Independence Tube Acquisition Might Spark Needed Consolidation of Structural Tube Producers, Says Zekelman Industries CEO
05 October 2016 - Nucor Corp.’s acquisition of Independence Tube will benefit the structural tube sector and will likely lead to additional acquisitions within the segment, Zekelman Industries executive chairman and chief executive Barry Zekelman said on Wednesday.
Analyst: Expect Tighter Competition in U.S. Sheet Market
04 October 2016 - Supply-side competition in the U.S. sheet market is likely to stiffen in the year ahead as new players enter the market and others become more aggressive, according to one analysts.
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