Steel Times International News
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New walking beam furnaces for Ternium Pesqueria
Italian plant builder Tenova, has successfully started up two 400 tonnes/hr walking beam furnaces at Ternium’s new hot strip mill facility in Pesqueria, Mexico.
06 August 2021 -
Steel industry not on track for net zero by 2050, says climate group
Climate Action 100+ signatory investors, which is claimed to be the world’s largest investor engagement initiative on climate change as it represents over USD $55 trillion in assets, has set out the actions that it believes must be taken by the steel industry if it is to decarbonise in line with the goals of the Paris Agreement.
05 August 2021 -
US steel imports up 18.5% through June
The American Iron and Steel Institute (AISI) has reported* that the US imported a total of 2.89Mt (all figures are net tons) of steel in June 2021, including 2.01Mt of finished steel (up 14.8% and 8.7%, respectively when compared with May final data).
04 August 2021 -
Growth surge prompts Make UK to upgrade manufacturing forecast
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.
21 July 2021 -
US steel shipments for May 2021 up 46.2%, says AISI
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.
20 July 2021 -
Severstal quarter-on-quarter revenue increases 33%
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%.
20 July 2021
