Growth surge prompts Make UK to upgrade manufacturing forecast

Growth surge prompts UK manufacturing upgrade

21st July, 2021

Britain’s manufacturers were seeing their dependence on the EU as an export market decline even before the impact of full departure and the agreement of a trade deal, according to analysis of manufacturing performance published by Make UK and business advisory company BDO LLP.

US steel shipments for May 2021 up 46.2%, says AISI

US steel shipments for May 2021 up 46.2%, says AISI

20th July, 2021

The American Iron and Steel Institute (AISI) has reported that for the month of May 2021, US steel mills shipped 7.98Mt (net tons), a 46.2% increase from the 5.46Mt (net tons) shipped in May 2020. Shipments were up 1.8% from the 7.84Mt (net tons) shipped in the previous month, April 2021. Shipments year-to-date in 2021 are 37.93Mt (net tons) a 7.8% increase versus 2020 shipments of 35.19Mt (net tons) for five months.

Severstal quarter-on-quarter revenue increases 33%

Severstal quarter-on-quarter revenue increases 33%

20th July, 2021

Russian steelmaker PAO Severstal has increased its revenue 33% quarter-on-quarter to $2.9 billion with EBITDA reaching $1.6 billion (42% quarter-on-quarter). The company’s EBITDA margin increased to 55.9%.

Latest issue: July/August 2021

July/August 2021

First Hyundai Steel, now POSCO...

Is it possible to make too big a deal of fatal industrial accidents? I don’t think so. In all honesty, I was flabbergasted when I read last month that South Korea’s national media had labelled Hyundai Steel’s Dangjin steel mill as ‘the plant of death’, and that’s why I berated the company’s management in last month’s digital issue of the magazine. Any steel mill that can be branded in such a way needs to take a serious look at itself. It’s all very well Hyundai Steel promoting the idea of upcycling coffee waste (see page 4) and arguing that 150kt of discarded coffee is buried or incinerated annually in South Korea. Well, perhaps they should wake up and smell the coffee instead. People have died. One of the dead was found near a…