Tag Archives: World steel production
When Mario Longhi took the helm of US Steel in 2013, his vision for the company—which was once the largest steel producer in the world—involved modernizing, streamlining, and most significantly, downsizing. Plant closures and layoffs have defined Longhi’s tenure, with four facility shut-downs announced this month alone. But aside from the temporary idling of two […]
As of December 22, inventory of iron ore at 33 major Chinese ports amounted to 99.18 million mt, down 3.96 million mt or 3.84 percent compared to the inventory level recorded on December 15, as announced by China’s Xinhua News Agency. As of the same date, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent iron content was at 69 points, down one point week on week. Meanwhile, the Xinhua-China Iron Ore Price […]
Change is inevitable. In a society where the latest gadget becomes outdated nearly the instant you swipe your credit card, if a product or company isn’t changing and adapting, it will fall behind while its competitors thrive. Corporations and countries are constantly fighting to become the “next big thing” and become more self-sufficient.