Stoppages and reduced production rates in the automotive sector resulting from a shortage of semiconductors has resulted in lower scrap output, participants said.

Domestic efforts to curb China’s total steel output are likely to begin soon.

The American Iron and Steel Institute reported that for the month of May 2021, US steel mills shipped 7,987,038 net tons

The 2109 ferrosilicon contract price on ZCE closed at 8760

South Korean Shipbuilders to Face Earnings Shock in Q2

Korea IT Times reported that Hyundai Steel will set up a production system for 9% Ni steel plates that can withstand cryogenic temperatures.

China Baowu Steel Group has signed an agreement with partners to set up a carbon neutral fund, targeting a total investment of CNY 50 billion

Business Korea reported that South Korean steel industry is likely to be most affected by the European Union’s Carbon Border Adjustment Mechanism.