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Production & Shipments

Developments that could increase or decrease steel production and shipments around the world.

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China Pledges No New Capacity in 2020

16 Jan 2020 - China is reiterating a promise that new steel capacity will be strictly prohibited in the year ahead, reports the country’s state-run news agency. 

ArcelorMittal Blast Furnace to Return to Service, But Other Outages Planned

10 Jan 2020 - ArcelorMittal intends to put an idled blast furnace back into service at its Gijón plant in northern Spain, but will halt other production lines this quarter in order to cope with lower demand, reports Kallanish Steel. 

Chinese Steelmaker Could Become the World’s Largest Producer

06 Jan 2020 - China Baowu Steel Group could potentially surpass ArcelorMittal as the world’s largest steelmaker if it completes a deal to take a controlling stake in Chongqing Iron and Steel. 

Monnet Ispat Eyes Restart 

02 Jan 2020 - Indian steelmaker Monnet Ispat & Energy is to resume steel production this month following an extended outage for maintenance and upgrades, according the Business Standard newspaper. 

Nippon Steel Nisshin to Halt Blast Furnace

26 Dec 2019 - Nippon Steel Nisshin Co. Ltd. plans to bank a blast furnace in southern Japan next year, saying that a slowing market and other factors necessitated the move.

ArcelorMittal, Nippon Steel Look to Expand Essar Steel

16 Dec 2019 - ArcelorMittal and joint venture partner Nippon Steel Corp. have finalized their acquisition of Essar Steel India Ltd., completing a deal that gives both a foothold in the growing Indian steel market. 

Here’s How Much Steel China is Forecast to Have Produced in 2019  

12 Dec 2019 - China’s crude steel production is expected to reach 988 million metric tons this year, but decline slightly in 2020, according to the Reuters news service.

Hot Metal Production Resuming at Indiana Steel Works Following Flood

06 Dec 2019 - United States Steel Corporation has restarted two of its Gary, Ind., USA, blast furnaces after a flood knocked them off-line last week, reports commodities news and pricing service S&P Global Platts.

TMK Sees Revenue Dip in First Three Quarters of 2019

20 Nov 2019 - Revenues at Russian oil country tubular goods maker PAO TMK declined 4% through the first nine months of 2019 on account of reduced sales in North American and Europe, the company said Wednesday. 

JFE Steel Forms Joint Venture With Chinese Bar Maker

19 Nov 2019 - JFE Steel is acquiring a 50% ownership stake in a Chinese special bar producer, giving it an additional foothold in China’s automotive market. 

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