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New Capacity Roundup – August 2023
The addition of the furnace will facilitate greater use of scrap steel in the melting process, contributing to the company's goal of achieving a 10 percent reduction in the plant's overall emissions, by 2025.1 billion for the project, making it the largest single investment in the company’s history.The company expects that the site will have the lowest CO2 emissions of any steel producer in North America.The project involves the replacement of two blast furnaces and two basic oxygen furnaces, with a 2.The company states that the modifications will lead to a 10 percent reduction in gas consumption and a 5 percent increase in productivity.

🔗MEPS International

🌎 International · 🗓️ September 02, 2023 · Steel

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US stainless market resilient as EU mill profits slump
The facility is already the largest integrated stainless steel producer in the United States.6 percent, to €411 per tonne, in the second quarter of 2023.Acerinox and Outokumpu have a large presence in the US and European markets.These figures are considerably lower than the peak reached in the second quarter of 2022.The results are important because they contribute to the underlying reasons that two of those producers intend to grow their presence in the US market.

🔗MEPS International

🌎 International · 🗓️ September 02, 2023 · Steel

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US cold finished bar imports up 26.4 percent in June
Other top sources of imported cold finished bar in June include Canada, with 1,965 mt; Germany, with 1,475 mt; Mexico, with 1,309 mt; and Spain, with 1,246 mt.The US imported the most cold finished bar from Italy in June, with 2,851 mt, compared to 1,083 mt in May and 1,605 mt in June 2022.

🌎 International · 🗓️ August 29, 2023 · Steel

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SEAISI webinar: Cautious optimism for ASEAN steel demand for 2023-2024 despite weak H1
1 percent in 2023 and 2024, though the growth of the real demand is expected to be 3.Demand in the ASEAN region is forecast to increase by 6.3 percent growth in 2022.In the Philippines, despite drop in demand in the second quarter, for the whole 2023 year the industry association is still expecting some small increase – to 10.6 percent in 2023 and 4.

🌎 International · 🗓️ August 29, 2023 · Steel

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US announces preliminary AD duty margins on tin mill products from eight countries
The DoC has determined dumping margin of zero percent for KG Dongbu Steel Co.52 percent for Chinese companies, and 7.and Tata Steel UK Ltd, while it has calculated dumping margin of 5.Accordingly, the DoC has determined that tin mill products from South Korea, the Netherlands, Taiwan, Turkey and the UK were not sold at less than normal value, while the same products from China, Canada and Germany were unfairly traded., Ltd.

🌎 International · 🗓️ August 29, 2023 · Steel

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