SteelMatters – October 2022
Crude Steel Production Reverse Declining Trend in September
27 Oct 2022
According to the World Steel Association (worldsteel) crude steel production for the 64 countries reporting to the Association was 151.7 million tonnes (Mt) in September 2022, a 3,7% increase compared to September 2021. However, year to date Crude Steel Production remains 4,3% below the previous corresponding period Jan-Sep 2021. Africa produced 1.4 Mt in September […]
Global steel demand to drop 2.3% in 2022
19 Oct 2022
According to the World Steel Association’s Short Range Outlook (SRO) for 2022 and 2023 steel demand will decline by 2,3% in 2022 after increasing by 2.8% in 2021. In 2023 steel demand is expected to recover only slightly by 1,0%. The current forecast represents a downward revision over the earlier forecast. According Mr. Máximo Vedoya, […]
GFSEC event on Steel decarbonisation identified Data and Trade as areas for more coordination in the decarbonisation agenda
14 Oct 2022
With direct emissions accounting for more than a quarter of total industrial emission, the steel sector is of critical importance for achieving the Paris Agreement’s climate goals. While the mission of decarbonising steel is an urgent and compelling one, it remains a challenging task to accomplish, requiring a profound and complex transformation of its production […]
The Chinese government issued action plan for quality improvement of key industrial materials including steel
10 Oct 2022
In mid-September, an action plan for quality improvement of key industrial materials was jointly issued by four ministerial departments, namely: Ministry of Industry and Information Technology (MIIT), the State-owned Assets Supervision and Administration Commission (SASAC), the State Administration for Market Regulation (SAMR) and China National Intellectual Property Administration (CNIPA). This plan is a part of […]
SA Steel Imports Continues to Rise In August
8 Oct 2022
According to data released by the South African Revenue Service, imports of primary carbon and alloy steel products (excluding stainless steel and drawn wire) amount to 121,144 tonnes during August 2022, an increase of 11,5% compared with 108,634 tonnes imported during July 2022 and an increase of 13,3% compared with 92,120 tonnes imported during August […]