International Steel Mills
Chinese Apparent Steel Supply
Written by John Packard
August 5, 2014
One of our Steel Summit Conference speakers, Chuck Bradford, produced an interesting report on Chinese pig iron and crude steel production, imports and exports. Mr. Bradford shared the information with Steel Market Update along with a few comments:
“Please keep in mind that the data I show in this report is more exact than the original preliminary data usually reported and has a few extra digits for accuracy. In addition, we have updated the data for June 2013 for revisions obtained from our Shanghai/Beijing source that takes into account data that arrived too late for the original announcement, something that I plan to discuss in detail at your conference. For example, in July 2013 data provided for June 2013 showed crude steel production of 64.664 million tonnes, but this figure has been revised to 66.3024 million tonnes. With a June 2014 figure of 69.2939 million tonnes, the original growth rate would have been 7.2%, but with the upward revised 2013 figure, the growth rate falls to 4.5%.”
John Packard
Read more from John PackardLatest in International Steel Mills
POSCO mulls teaming up with Hyundai on Louisiana mill
South Korea’s POSCO is eyeing linking up with Hyundai Steel in the project to build a steel plant in Louisiana, according to media reports.
Global steel production edges lower in February
February’s global raw steel output is tied with last December's for the fourth-lowest monthly production rate recorded over the past two years.
Japanese PM cites ‘unjust political interference’ in Nippon/USS deal: Report
Japan’s Prime Minister Shigeru Ishiba said on Monday that former President Joe Biden’s decision to block Nippon Steel’s buy of U.S. Steel was “unjust political interference,” according to a report in Reuters. This comes after another Reuters report on Friday saying that President Trump would not object to Nippon taking a minority stake in the […]
Opening briefs filed in Nippon/USS lawsuit vs. US government
Together, Nippon Steel, Nippon Steel North America, and U.S. Steel announced the filing of their opening brief in their litigation to invalidate the government’s decision to block their announced merger. The brief lays out “how President Biden made a predetermined decision for political reasons, not national security, causing CFIUS to engage in a sham review […]
Hyundai mulls building $6B sheet steel mill in southern US
Hyundai Motor Group is reportedly considering building a sheet steel mill just south of Baton Rouge, La.