Jsw Steel Production Sees an 11% Increase, and the Crude Steel Production Attains 22.04 Lt in November.
JSW Steel on Monday posted an 11 per cent rise in its consolidated crude steel production to 22.04 lakh tonne (LT) in November 2023. The company produced 19.94 LT in the same month last year, JSW Steel said in an exchange filing. In India, JSW Steel (Production) produced 21.14 LT of steel, up 7 percent
Nickel Sulphate Production, November data from China.
China national production of nickel sulphate was 36,100 mt in metal content & 164,300 mt in physical content in November 2023. A decrease of 6.39% month-on-month and 14.77% year-on-year. Due to year-end stock decreases and a lacklustre demand for nickel sulphate, the market was experiencing a bearish trend. The output decline in November was brought
Iron ore decreases due to depressing data from China and declining demand.
Iron ore futures prices decreases on Monday as a result of pessimistic data from China, the world’s largest consumer, and a decline in the market for the essential component used in steelmaking. At 955 yuan ($133.00) per metric tonne, the most traded May iron ore on China’s Dalian Commodity Exchange (DCE) concluded day trading 0.37%
Jindal Stainless plans to reduce carbon emissions by 50% by 2035.
Jindal Stainless has made a bold environmental commit by announcing its bold plan to cut carbon emissions by 50% by 2035. With a focus on sustainability and alignment with worldwide efforts to combat climate change, the company unveiled its strategic plan. The project is a major step towards a greener and more sustainable future, highlighting
Ukraine: pig iron exports rose by 46% m/m in November.
Pig iron exports from Ukrainian (Ukraine) steel companies reached 77.36 thousand tonnes in November 2023, a 46% rise over the same month the prior year. During this time, the amount of pig iron supplied overseas rose by 55.6% m/m to $27.16 million. Statistics from the State Customs Service attest to this. In terms of money
Government of Panama orders First Quantum to cease mining Operations, according to a country unit.
First Quantum of Canada has been told to cease mining operations at its profitable copper mine by the trade or industry ministry of Panama, the company’s unit in the nation announced on Friday. Cobre Panama said in a statement that it received a formal advisory from the ministry directing it to “end extraction, processing, refining,
Europe’s HRC spread recovers in Nov as steel prices rise, easing margin pressure.
November saw a recovery from October’s low in the spread between the prices of raw materials and European (EU) hot-rolled coil (HRC) steel, thanks to increased spot steel prices and decreased coking coal costs. A stronger euro helped costs while HRC (hot-rolled coil) prices recovered in November from a 3 year low to relieve pressure on
Rio Tinto: anticipates Pilbara iron ore shipments of 323 million to 338 million tonnes in 2024.
Rio Tinto, an Australian miner, has stated. That it wants to achieve and maintain a medium-term yearly capacity of 345–360 million mt from its Pilbara iron ore business. Which includes the Rhodes Ridge project’s pre-feasibility study. Also, the company (Rio Tinto) anticipates an annual uplift of five million metric tonnes from the Pilbara iron ore
A JSPL subsidiary based in India commences construction of a green steel mill in Oman.
Officials from the company announced on Tuesday, November 28 that a groundbreaking ceremony was held for a 5 million mt per year green steel mill in Oman. Vulcan Steel is an investment company owned by Naveen Jindal. The main promoter of India Jindal Steel and Power Limited (JSPL). Situated in a Special Economic Area, the
Gold Reaches Nearly Seven-Month High as Dollar and Yields Decline Amid Fed Rate-Cut Speculations.
Gold prices hit a close to seven-month higher on Wednesday, propelled by a drop in the United States dollars or bond yields as investors became belief that the US Federal Reserve (Fed) would likely reduce rate of interest in the first half of next year. At 0632 GMT, spot gold was up 0.2% to $2,044.69