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Steel & Metal
- China -

Baosteel Reports 13.3 Million Tons of Steel Production in Q3 2024 Amid Profit Decline

China's largest steelmaker, Baoshan Iron & Steel (Baosteel), produced 13.3 million tons of steel and 12.56 million tons of pig iron in the third quarter of 2024, according to a report on the Shanghai Stock Exchange. For the first nine months of the year, Baosteel's total steel production reached 39.61 million tons, while pig iron output was 36.68 million tons. Despite these figures, the company reported a nearly 65% year-on-year decline in net profit for Q3, amounting to RMB 1.34 billion ($188 million), attributed to falling steel prices. Baosteel aims to increase its steel exports to 10 million tons annually by 2028.

Egypt Investigates Dumping of Cold-Rolled and Coated Steel Products from Turkey and China

DMZ Shipped 2.1 Thousand Tons of Rolled Steel Products to Consumers in October

Low Steel Prices Affect Tata Steel’s Performance in the UK and the Netherlands

EUROMETAL Survey Projects Increased Prices Despite Lower Activity

European HRC Prices Largely Stable, Market Expectations Mixed

French Longs Sales Deceleration Continues

Northern European Rod Prices Freeze Amid Quiet Market

German Distributors Still Postponing Restocking: Klöckner’s Kerkhoff

Italian Rebar Makers Seek Increases Again

JSPL Reports 38% Drop in September Quarter Profit Amid Lower Steel Prices

EMSTEEL Group and Tadweer Group Partner to Develop Sustainable Building Materials Using Alternative Fuels

Chinese Steel Traders Divided on Winter Inventory Strategies Amid Market Uncertainty

Shyam Metalics Commissions New Blast Furnace and Sinter Plant at Jamuria Steel Mill

China's Steel Scrap Consumption Expected to Decline by 3% in 2024