Yes! We are over 6,300 strong. Thank you for your follows and support. We know how keen you are to show your Nerds solidarity. So to celebrate our followers, we’re offering all kinds of Nerds merchandise right here. Enjoy & post photos with your purchases!
{ Comments on this entry are closed }
Based on reported import licenses, US long products imports fell 14% from 251,000 short tons in November, 2023 to 217,000 tons in November, 2024. The decline was due to lower rebar imports from Algeria, Portugal and Spain, as well as lower wire rod imports from Ukraine.
US long products imports in the first eleven months of 2024 were 5% lower than in the same period last year with a decline in rebar imports (-32%) offset by an increase in wire rod (+18%) and parallel flange sections (+22%) imports.
{ Comments on this entry are closed }
The latest episode of The Green Steel Challenge, released today, features Nicole Voigt, Managing Director and Partner at the world-renowned consulting firm BCG. Nicole discusses BCG’s in-depth study of consumers’ willingness to pay a premium for products made of decarbonized materials. She also presents her vision of how steelmaking in Europe will decarbonize following a two-step process; the first step consuming DRI produced locally and the second step importing DRI/HBI from other regions.
The Green Steel Challenge podcasts are produced by the Korf Foundation and Kallanish Commodities and the discussion is all about how exactly we can deliver Green Steel. The next podcast guest will be Maria Persson Gulda, Chief Technology Officer at Stegra, viewable January 28th, 2025.
{ Comments on this entry are closed }
Based on reported import licenses, US flat products imports rose 15% from 575,000 short tons in November, 2023 to 661,000 tons in November, 2024. The increase was mainly due to higher hot dip galvanized imports from Vietnam, Taiwan, and the United Arab Emirates, as well as higher cold rolled imports from Vietnam.
US flat products imports in the first eleven months of 2024 were 14% higher than in the same period last year with hot dip galvanized +41%, cold rolled +31%, cut plate -4%, and hot rolled -7%.
{ Comments on this entry are closed }
Worldsteel reported October crude steel production in China at 81.9 million metric tonnes, 2.9% higher than in October, 2023. Chinese production in the first ten months of 2024 was 4.0% lower than in the same period last year.
China’s General Administration of Customs reported net finished steel exports (exports minus imports) in October at a record 10.6 million tonnes, 46% higher than in October, 2023. Net finished steel exports in the first ten months of 2024 were 26% higher than in the first ten months of 2023.
{ Comments on this entry are closed }
Worldsteel published October, 2024 world crude steel production today. World crude steel output in October was 151.2 million metric tonnes, 0.4% higher than in October, 2023.
China produced 81.9 million tonnes in October, accounting for 54% of world output and rising 2.9% compared to October, 2023. Asia and Oceania output outside of China, which now accounts for 19% of world output, fell 4.5% on last October due to declining production in South Korea (-18.3%) and Japan (-7.8%).
North American production fell 3.6% on last October following a 2.0% decline in the US. European Union production rose 5.7% with German output up 14.7%. Other significant changes year-on-year include higher output in Brazil (+16.2%) and a decline in Russia (estimated -15.2%).
{ Comments on this entry are closed }
