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New orders for US manufactured goods up 1.2 percent in August
0 billion.0 billion or 0.1 percent July increase.8 billion or 0.7 percent July increase.

🌎 International · 🗓️ October 09, 2023 · Steel

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Danieli to supply vertical slab caster to ArcelorMittal subsidiary
In this way, Industeel will be able to replace ingot casting to reduce transformation losses and eliminate the scarfing process.The equipment in question is scheduled to be commissioned by May 2025.Accordingly, the slab caster will produce carbon, stainless and nickel-based alloy slabs of a thickness up to 150 mm and of a width ranging from 1,500 to 2,100 mm.Industeel also operates another slab caster revamped by Danieli at its Charleroi plant in Belgium.

🌎 International · 🗓️ October 09, 2023 · Steel

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Veysel Yayan: New investments in Gulf region to be a rival to Turkish steel producers
The association emphasized that preventing China from sending the surplus caused by the contraction of its construction sector to Turkey is important in order to close the current trade foreign deficit of the Turkish steel industry.In addition, according to the latest statement of the TCUD, steel imports from China, the country from which Turkey imports the most after Russia, increased by 84 percent in the first seven months this year.Stating that most of the given investments are export-oriented, the TCUD secretary general pointed out that the competitiveness of the Turkish steel industry is already low due to Turkey’s high energy prices.

🌎 International · 🗓️ September 06, 2023 · Steel

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US rebar imports down 27.6 percent in July
Other top sources of imported rebar in July include Algeria, with 22,912 mt; Mexico, with 16,839 mt; Spain, with 15,886 mt; and Malaysia, with 9,243 mt.Other top sources of imported rebar in July include Algeria, with 22,912 mt; Mexico, with 16,839 mt; Spain, with 15,886 mt; and Malaysia, with 9,243 mt.The US imported the most rebar from Egypt in July, with 52,005 mt, compared to 34,166 mt in June and zero tonnage in July 2022.The US imported the most rebar from Egypt in July, with 52,005 mt, compared to 34,166 mt in June and zero tonnage in July 2022.

🌎 International · 🗓️ September 06, 2023 · Steel

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Germany’s SHS joins ResponsibleSteel initiative
ResponsibleSteel is an initiative that aims to encourage steelmakers to produce carbon-neutral steel.SHS is already taking measures to reduce carbon emissions and plans to switch to natural gas and hydrogen as reducing agents instead of coal.Turkey-based Colakoğlu also became a member of ResponsibleSteel last year, as SteelOrbis reported previously.Its subsidiaries Dillinger and Saarstahl have a cumulative steel production of 5 million mt per year.There are over 130 members of the initiative apart from steelmakers, such as buyers, miners and non-governmental organizations.

🌎 International · 🗓️ September 06, 2023 · Steel

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