Steel industry news

India number one importer and consumer of stainless steel scrap, says BIR

Published: October 20, 2017 by Matthew Moggridge

India is the world’s number one importer and consumer of stainless steel scrap, according to the Bureau of International Recycling (BIR). This is not only because of the amount of stainless steel produced in India (it is second only to China) but also because of the very high proportion of…

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Global construction sector bears brunt of recent steel price hikes

Published: October 20, 2017 by Matthew Moggridge

Over the period January to September 2017, the average cost of steel, purchased for use in the global construction sector, increased by 18.7%. Less substantial, but double-digit steel price rises were also recorded for steel used in the shipbuilding industry and machinery manufacturing…

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Molybdenum production and use both up in Q2

Published: October 20, 2017 by Matthew Moggridge

Global production of molybdenum increased to 144.3 million pounds in Q2 2017, up 13% from 127.8 million pounds recorded in the previous quarter, and an increase of 18% when compared with the same period last year (2016). Global use of molybdenum in Q2 2017 also increased slightly, up 1% to…

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Opinion: Kobe Steel – no longer ‘big in Japan’?

Published: October 11, 2017 by Matthew Moggridge

It’s a shame that the word ‘steel’ has to come into it, but it does, even if the problem involves ‘the miracle metal’ – aluminium – and copper. The fact remains that a steel company (Japan’s third biggest producer, Kobe Steel) has admitted it may have falsified data about the quality of its…

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