Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Global crude steel production increased by 0.5 % in June 2024 to 161.4 million tonnes (MT) compared with 160.6 MT in the corresponding period a year ago.
According to the World Steel Association, China's top producer produced 91.6 MT in June, an increase of 0.2 % from the year-ago period. India reported a 6 % surge in production, at 12.3 MT.
Germany’s output soared by 8.9 % to reach 3.2 MT. South Korea’s production plunged by 7.2% to 5.1 MT. Brazil’s production boomed by 11.8% at 2.9 MT. While Japan’s output nosedived by 4.2% to 7 MT, Russia suffered a similar fate, with production dipping by 4.1% to 6 MT.
Europe's output increased by 2.1%, Asia and Oceania’s steel production increased by 0.3%, the West Asian region’s production dropped by 2.7%, and North America’s output slipped by 1.9%. South America’s steel production surged by 4.1% compared with June 2023 figures.
The World Steel Association, in its short-range outlook, forecasts that demand will rebound by 1.7 % this year to reach 1,793 MT and grow by 1.2 % in 2025 to reach 1,815 MT.
Also Read : PM Modi lays foundation stone of India's first commercial semiconductor fabrication facility Ferrous scrap consumption up 1.7% in January-April
Production dip reflects structural slowdown, not just demand China’s steel production is proj...
China 11-Jun-2025
Tata Power Solar Systems Limited’s shares increases 0.20% after the company reportedly facilit...
Large Corporate 02-Feb-2024
Indian steel prices have plummeted to their lowest levels in over three years, according to a recent...
Ferrous 08-Aug-2024
China has increased its purchase of scrap copper as smelters look alternative raw materials to offse...
China 21-Jun-2024
The Competition Commission of India (CCI) has given its approval for JSW Ventures Singapore Pte Ltd,...
Large Corporate 24-Jan-2024
Godawari Power and Ispat Ltd. (GPIL) announced on Saturday that they have received permission from t...
Ferrous 20-Jan-2024