Did you know Brazilian steel producer Gerdau has started up a new continuous casting machine at its Pindamonhangaba unit in Brazil’s southeastern state of São Paulo?

#VINVI #VINVI CORP
#Steel #Brazil #Gerdau #Steel Industry #SãoPaulo #Billet #Bloom #America
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Chinese Coke prices fell 3.6% to CNY 3,281/MT

Steel rebar prices fell 1% to CNY 4,612/MT

Hot-rolled coils declined 0.6% to CNY 4,730/MT

Stainless steel futures inched 0.1% lower to CNY 18,865/MT

#VINVI #VINVI CORP
#Steel #China #Coke #Rebar #HRC #StainlessSteel #HotRolledCoil

Chinese metallurgical coal futures fell more than 4%, as poor downstream demand impaired market sentiment while the govt’s recent pledge of tighter supervision on coal prices is expected to curb any significant gains

#VINVI #VINVI CORP
#Steel #China #MetallurgicalCoal #Coal #Asia

China's average daily crude steel output rose 0.52% to 2.2356 MnT

Inventory levels also increased
Finished steel: up 6.38% to 19.6672 MnT
Rebars: up 1.73% to RMB 5,106/mt ($787/mt)

#VINVI #VINVI CORP
#Steel #China IronandSteelAssociation #CISA #China #CrudeSteel #FinishedSteel

Iran's output of semi-finished products fell 8% to 27.9 MnT in FY2021-22

Billet and bloom fell 11% YoY to 16.66 MnT
Slab fell 2% YoY to 11.24 MnT
Finished steel fell 5% to 19.64 MnT
Long steel fell 3% to 11.21 MnT

#VINVI
#Steel #Iran #Tehran #Billet #Bloom #Slab #FinishedSteel

South Korea's posco family's operating profit up 44% in Q1 2022 as revenue from rising steel demand outpaced rising raw material costs

Earnings from POSCO International & POSCO Chemical rose to 2.3 trillion won ($1.84 billion)

#VINVI #VINVI CORP
#Steel #POSCO #SouthKorea #Profit

India's steel production was up 5.9% to 31.9 Million Tonnes from January 2022 to March 2022

#VINVI #VINVI CORP
#Steel #India #Steel Industry #Steel Production #Metals #India nSteelIndustry #MiningandMetals #IronandSteel

India's Tata Motors is increasing the prices of its passenger vehicles by an average of 1.1% (depending on the variant and model) due to an increase in the prices of steel, aluminum, precious metals, and other raw materials

#Steel #TataMotors #Auto #India #RawMaterials #Prices

Do you know that British firms imported 3,700 MT of Russian steel since the start of the #Ukrainewar ?

Also bought 14,600 MT of rebar from Russia’s closest ally & neighbor, #Belarus

#VINVI #VINVI CORP
#Steel #Britain #UK #RussiaUkraineCrisis #Moscow #Minsk
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Continuous upward movements in steel prices and shortages of supplies coupled with various shipment issues pose a big challenge for export businesses

#VINVI #VINVI CORP
#Steel #India #Steel Prices #Steel Shortage #Steel Export #Steel Trading #Export #Steel Business #Trade #Business

Japan's Nippon Steel Corp has increased prices by ￥20,000/MT (US$ 158.09/MT) for delivery during the April-to-Sept period

Also raised prices of steel sheets used in construction and electronics by ￥10,000/MT for next month’s delivery spot contracts

#Steel #Japan #NipponSteel

Taiwan's price for galvanized steel used in home appliances and computers is to rise NT$ 1,200/MT, and electrical steel roll is to advance NT$ 500/MT

#VINVI #VINVI CORP
#Steel #Taiwan #ChinaSteelCorp #Steel Prices #Metals #Asia #Taipei #Kaohsiung #GalvanizedSteel #Appliances #Roll

Taiwan's CRC price would rise NT$ 1,000/MT, while the price of galvanized steel coils used in construction and baking finish would rise NT$1,200/MT

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#Steel #Taiwan #ChinaSteelCorp #Steel Prices #Metals #Steel Supply #Construction #Taiwan ese #CRC #Taipei #Kaohsiung

China’s Baowu Steel Group Croup Ltd (寶武鋼鐵), Angang Steel Co Ltd (鞍山鋼鐵) and Formosa Ha Tinh Steel Corp (河靜鋼) are also at high levels

Based on China Steel’s new pricing, HRP and HRC prices are to rise by NT$ 1,200/MT

#VINVI #VINVI CORP
#Steel #China #Baosteel #HRC #HRP

Taiwan's China Steel Corp (中鋼) is raising its domestic steel prices in May by 2.95% on average

Manufacturing costs have surged due to high raw materials costs and unfavorable foreign exchange rates

#Steel #Taiwan #ChinaSteelCorp #Steel Prices #Asia #CSC
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Germany's thyssenkrupp has put its 1,300 workers on Short Working Hours in April

Mainly due to the military conflict's impact on the economy

It has also suspended its cash flow outlook

#VINVI #VINVI CORP
#Steel #German y #Europe #Thyssenkrupp #Stahl #RussiaUkraineCrisis #German