The uses of steel in the mining industry
Steel is widely used in mining due to its durability and corrosion resistance. It is used for tools, equipment, infrastructure, machinery, grinding balls, railway lines, and high-strength plates.
Steel imports remains high compared to 2019
South Africa imported 1,299,257 tonnes of primary carbon and alloy steel products in 2022, down 5.1% from 2021. Imports surged 42.7% compared to 2019.
Global crude steel production down 4.3% on year in 2022: worldsteel
Global crude steel production in Jan-Dec 2022 was 1,831.5 Mt, down 4.3%. India was the only Top 10 producer with positive growth, and China remains the largest producer.
World Steel Production Decreased To 1.691 Billion Tons Jan-Nov 2022 Compared To The Same Period In 2021
Global crude steel production decreased by 3.7% in Jan-Nov 2022 compared to the same period in 2021. Steel demand is expected to rebound slightly in 2023.
WTO Ruled Against Section 232 USA Tariffs
On 09 December 2022, the World Trade Organization dispute-settlement panels found the USA violated international trade rules with its tariffs on imported steel […]
The EU Commission review protective measures on certain steel products
The EU Commission has initiated a review of the safeguard duties and quota applicable to imports of certain steel products. The current […]
Global crude steel production for October flat year-on-year
World crude steel production for the 64 countries reporting to the World Steel Association(worldsteel) was 147.3 million tonnes (Mt) in October 2022, […]
Crude Steel Production Reverse Declining Trend in September
According to the World Steel Association (worldsteel) crude steel production for the 64 countries reporting to the Association was 151.7 million tonnes […]
Global steel demand to drop 2.3% in 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 […]