Daily Virtual Steel Mill Report 05/09/22

Market Verdict on Iron Ore: • Neutral.   Macro • An official from the Ministry of Industry and Information Technology (MIIT) said at the raw material industry high-quality development press conference that the prices of steel, copper, aluminum, cement and other products have declined recently, and that the MIIT will continue to ensure supply and …

ArcelorMittal Shuts Down German Blast Furnace 05/09/22

Leading steelmaker ArcelorMittal is going to idle blast furnace three at its Bremen site in Germany from the end of September indefinitely, due to unsustainable energy costs in Europe. The furnace can produce 1.2mn t/yr of pig iron.   The producer will also stop a direct reduction plant in Hamburg, where it produces wire rod, …