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Short news of steel market

Apr 02,2021  Steel Knowledge.


ArcelorMittal raised board prices for the third time

ArcelorMittal Europe in March significantly increased its offer for European plates for the third time, Mysteel learned.Among them, the hot coil quotation was raised to $1,062 / t (900 / t), up about $98 / t from the previous session.Hot dip galvanizing coils are last quoted at $1,180 - $1,39 / t, up $39- $98 / t.Last week, steel mills were offering around $1, 108 a tonne.Cold rolls were last quoted at $1,159 / ton, up $39- $74 / ton, market sources said.The steel mill said that the delivery time is different, the current is August to October.

Crude steel production in 64 countries rose 4.1% in February from a year earlier

According to the World Steel Association, 64 countries produced 150.2 million tons of crude steel in February 2021, up 4.1% from February 2020.China is estimated to have produced 83 million tons of crude steel in February 2021, up 10.9 percent year on year.India produced 9.1 million tonnes of crude steel in the month, down 3.1 per cent year on year.Japan produced 7.5 million tonnes of crude steel in the month, down 5.6 per cent from a year earlier.U.S. crude steel production for the month was 6.3 million tons, down 10.9 percent from a year earlier.Russia produced 5.7 million tons of crude steel in the month, down 1.3% from a year earlier.South Korea produced 5.5 million tons of crude steel in the month, up 1.2% from a year earlier.Turkey produced 3m tonnes of crude steel in the month, up 5.9 per cent from a year earlier.German crude steel production for the month was 3.1 million tons, down 10.4 percent from a year earlier.Brazil produced 2.8 million tons of crude steel in the month, up 3.8 percent from a year earlier.Iran produced 2.3 million tons of crude steel in the month, up 11.5 percent year on year.

Toyota steel consumption maintained growth in April

Toyota Motor, Japan's largest automaker, said on March 30 that it would raise its planned vehicle production for April by 40,000 units, or about 15 per cent.Toyota, which has notified its upstream auto parts suppliers of the details of the planned changes, expects steel consumption to increase as planned production increases.

The March 19 fire at a Japanese semiconductor chip factory (Renesas Electronics Co.) has added to an auto industry already struggling with a chip supply crisis, and Toyota Motor Corp. 's production plan appears to have been inadequately factored in, industry sources said.The auto industry is one of the main industries supporting the recovery of steel consumption in Japan. If future auto production slows due to chip shortages, Japanese steelmakers will have to adjust their production plans accordingly. Otherwise, the pressure on steel inventories will rise rapidly.

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