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[Ferro-Alloys.com] Crude steel production in Arab countries is expected to increase this year to around 29 million metric tons, up from the 28.2 million mt produced in 2019, mainly triggered by new production in North African countries, Kamel Djoudi, Arab Iron & Steel Union Federation (AISU)'s Secretary General, told S&P Global Platts in a telephone interview last Thursday.

PTI reported that Indian government is working on strengthening the steel ecosystem in Odisha whose steel production is set to cross 100 million tonnes per annum by 2030. Steel Minister Dharmendra Pradhan said “Today Odisha is the highest steel producing state in the country. We are working to strengthen the steel ecosystem in Odisha. By 2030, Odisha’s steel production alone is set to cross 100 million tonne per annum. Odisha is going to be the nerve centre of Mission Purvodaya in steel.’

Reuters reported that world’s No 3 steelmaker Nippon Steel is bracing for a downside risk. Nippon Steel Executive Vice President Mr Katsuhiro Miyamoto told Reuters in an interview last week“We have not cut our crude steel output but we need to be prepared for downside. ”

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