World: Rising production of raw steel during December

According to preliminary data from the International Steel Federation, World production (66 countries) was crude steel during last December 138.1 million tons increase by 3.9% from the same month's production in 2016 and total production efficiency of 69.5% of available capacity, 1.8% more than production efficiency in canon 1 December 2016. The world's largest producer of Chinese steel reached 67 million tonnes last December, up 1.8 percent from the same month in 2016 and produced Japan's second largest steel producer 8.7 million tonnes, 0.1 percent more than the same month last year, and India produced 8.8 million tons of tons where. Catapult 4.9% of December December 2016 production.

 

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Iron and steel prices in world markets

Iron and steel prices were advertised in world markets, with scrap prices ranging between 35-360 dollars (tons) and steel-box prices ranged pallet-between $500-535 per tonne and steel prices between $565 – $575/tonne and iron-streptococcal prices of $75/tonne.

The following is a statement of iron prices in world markets on 26/1/2017

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Egypt: Chinese delegation visits "iron and steel" to launch the 300, 000-ton belt production line

The Egyptian iron and Steel Company's Chinese delegation's visit to the Egyptian Company of steel and steel factories have been revealed by sources with Egypt's China Steel Corp. According to sources with the company, the Chinese delegation visitedthe factories of the Egyptian iron and steel Company to create a new production line for the belt of 300,000 tons. The Chinese delegation is the same company which is a "Delta iron and steel factories of the holding company for Metal Industries," the sources, adding the Chinese company conducted a full tour of iron and steel factories in order to identify the Potential of the factories on the ground as part of the start of operations Development.a Source by the holding company for Metal Industries is A new seconded member of Iron and Steel had been appointed as part of the financing of iron and steel plant Development operations, especially by the holding company were the professional to recover it from the losses. Egyptian Iron and Steel demanded the inclusion of AL-NASR Co for the coke industry as part of the rescue of iron and steel of the serial losses which reached 750 million 1.63 other than the indebtedness of up to 400 million 1.63 to Coke as a result of the charcoal supp Ly. The source pointed out that the Coke'd not be combined with iron and steel, as there are a country, orientation to develop the coke factories and the full advantage of being the largest pool of coke industry in the Middle East and Africa where the country wants to max Imizeexports of Coke other than 50 additional products which the Coke Company can produce and provide the necessary coal for iron and steel egyptianconstitution

 

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American companies urge Trump to limit steel imports

Executive heads of the largest steel companies in the United States and concerned groups called on US president Donald Trump to impose a procedure urgent trade to reduce the excess production capacity of steel and increase imports that they say undermines American industry. In a speech, the American Institute of Iron and Steel called for urgent action under Article 232 of the US Trade Act 1962, which allows restrictions on the protection of national security. We call for a comprehensive and broad-based reform that covers all core resources of imports and steel products. " Of the entire steel, the only exception is the products currently available in the United States. "The speech is the second in five months from the Trump steel sector, which has promised to protect US steel workers from imports and has ordered an investigation into the import of steel from abroad under article 232," he said. The results of the investigation were delivered to Trump last month and was 90 days to respond.

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