worldsteel Short Range Outlook April 2023
The World Steel Association (worldsteel) has released its Short Range Outlook (SRO) steel demand forecast for 2023 and 2024. worldsteel
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Ferrous Metals
POSCO to secure low-carbon steel raw materials in Australia
As part of POSCO’s strategy to achieve carbon neutrality by 2050, POSCO is actively engaged in activities to secure low-carbon
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Anglo American joins H2 Green Steel for low carbon steelmaking
Anglo American has signed a memorandum of understanding with H2 Green Steel, the Swedish hydrogen and steel producer, to work
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ArcelorMittal SA to adopt a flexible approach to operating plants
ArcelorMittal announces final results December 2022; Revenue for the year grew to R40.8 billion (2021: R39.7 billion) and profit from
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February 2023 crude steel production
Brussels, Belgium – World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 142.4
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Merafe increases its ferrochrome production to 384kt in 2022
In its Commentary on results, Merafe Resources say that 2022 has been characterised by a number of uncertainties. The Russia/Ukraine
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Jubilee Metals: South African PGM and chrome operations
The expanded PGM operational processing capacity holds the potential to produce 44 000 PGM ounces per annum, depending on feed
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ArcelorMittal South Africa reports on its short-term outlook
Internationally, the World Steel Association expects a recovery in steel demand. The pressure on price-cost spreads is proving to be
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ArcelorMittal SA reports 20% drop in crude steel production
ArcelorMittal SA average capacity utilisation decreased from 60% in 2021 to 47% in 2022. The reduction in capacity utilisation reflects,
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January 2023 global crude steel production
Brussels, Belgium – World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 145.3
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SA steel consumption for 2022 decreased by 12% to 4 million tonnes
After increasing by 4% in 2021, global crude steel production decreased by 4% or 82 million tonnes in 2022 to
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ArcelorMittal SA reacts on developments in steel market
On 28 July 2022, at the announcement of the Company’s interim financial results, it was indicated that the outlook for
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Anglo American to acquire 9.9% of Canada Nickel
Anglo American has agreed to acquire a 9.9% minority interest in Canada Nickel Company Inc. (“Canada Nickel”), which owns the
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South African Manganese production increased by 4%, Australia’s by 8%
South32 has reported in its quarterly report, ending December 2022, that South Africa Manganese saleable production increased by 4% (or
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Kumba production demonstrating ongoing operational stability Q4 2022
Solid performance demonstrating ongoing operational stability, while Kolomela’s performance is improving, ensuring that both of our operations are well set
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BHP iron ore production increases by two per cent to 132 Mt
BHP has reported that total iron ore production increased by two per cent to 132 Mt. Guidance for the 2023
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Champion Iron reports record ore production in quarter
Champion Iron has announced record production of 2,962,500 wmt of high-grade 66.0% Fe concentrate for the three-month period ended December
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Anglo American loads first LNG dual-fuelled vessel
Anglo American announces that its newly launched LNG dual-fuelled Capesize+ vessel, the Ubuntu Harmony, has loaded its first cargo of
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ArcelorMittal South Africa announces decarbonisation roadmap
VANDERBIJLPARK – In its 2021 (inaugural) Environmental, Social and Governance (ESG) report, ArcelorMittal South Africa communicated that it was planning
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AMSA blames high prices of raw materials on its weaker performance
VANDERBIJLPARK – Based on information currently available, ArcelorMittal South Africa has advised that the Company expects the earnings per share
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THARISA: PGM prices remain elevated, Chrome remains strong
Tharisa, the platinum group metals (PGMs) and chrome co-producer announces that chrome prices remain strong, with spot at around US$260/t
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Merafe increases 2022 ferrochrome production by 1.3%
Merafe Resources’ attributable ferrochrome production from the Glencore Merafe Chrome Venture decreased by approximately 5.0% for the quarter ended 31
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Govt’s infrastructure plans to boost demand for galvanized steel
PRETORIA – Government spending on building new and rehabilitating existing infrastructure will increase from R66.7 billion from 2022 to 2023
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Steel is the most recycled (84%) primary packaging material in Europe
In the Netherlands, used steel packaging from households is collected along with other household waste. Next, most of the steel
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ArcelorMittal unveils €200 million Steelanol carbon capture project
The ‘Steelanol’ project is a first of its kind for the European steel industry, according to the company. Utilising carbon
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Ferrochrome price announcement for the first quarter of 2023
Merafe Resources has advised that the European benchmark ferrochrome price for the first quarter of 2023 has been settled at
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SA’s nuclear build programme a bonanza for galvanized steel uptake
South Africa’s National Infrastructure 2050 plan places the spotlight on 9.6 GW of new nuclear energy plants converted from decommissioned
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Rio Tinto to further decarbonise iron ore in the Pilbara
MELBOURNE, Australia – Rio Tinto is planning to invest a further $600 million in renewable energy assets in the Pilbara
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Korea’s Posco plans $28bn Australia green H2 investment
South Korean steel producer Posco intends to produce green hydrogen in Australia from renewables such as solar and wind power,
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Vale Canada to supply GM with battery grade nickel sulfate
A subsidiary of Brazilian mining group Vale S.A., Vale Canada, has announced it signed a term sheet with General Motors
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