Finland's Outokumpu expects lower deliveries in Q1 amid political strike Finland-based stainless steel producer Outokumpu [1] has announced its guidance for the first quarter of this year. Accordingly, the company has downgraded its expectations for the given period due ...
India and four-nation EFTA sign FTA India and the European Free Trade Association (EFTA) [1] have signed a free trade agreement (FTA) to integrate and strengthen supply chains, attract investments and generate new business opportuniti...
US plates in coil imports up 3.6 percent in January According to preliminary census data from the US Department of Commerce, US imports of plates in coil totaled 120,475 mt in January 2024, up 3.6 percent from December and up 10.4 percent from January ...
Moody's expects 2.5% growth for Turkey's economy in 2024 International credit rating agency Moody's [1] has reported in the February issue of its global macroeconomic outlook 2023-2024 report that the economic growth of G-20 countries will stabilize at sl...
Brakes India will invest $70 million in Mexican ferrous foundry plant Brakes India, based in Chennai, India, announced the investment of $70 million for the construction and equipment of a ferrous foundry plant in the central Mexican state of Aguascalientes, the state g...
$35 billion UAE investment in Egypt to boost local steel demand in mid-term Egypt has announced a large UAE-backed investment in Egypt for the development of a large promising stretch of the country's Mediterranean coast, which is expected to benefit the country greatly. In t...
Indian steel companies submit bids in ongoing coal mine auction Indian steel companies JSW Steel Limited [1] , Sunflag Iron and Steel Limited [2] and Tata Steel [3] are among the 27 bidders in the ongoing auction of coal mines, a ministry of coal statement sa...
Goldman Sachs: EU's CBAM could significantly hit China's steel exports The European Union's carbon tax under its Carbon Border Adjustment Mechanism (CBAM) that will enter into force from 2026 could significantly affect China's steel and aluminum exports, according to a r...
Turkey’s Isdemir to build solar power plants in Diyarbakir and Çorum Turkey's Ministry of Environment and Urbanization has announced that the environmental impact assessment (EIA) application made by Turkish steelmaker İskenderun Demir Çelik A.Ş. (İsdemir) for its sola...
Mexico's Conduit Rymco will produce steel tubing for aeronautics and automotive Conduit Rymco, a Mexican producer of steel tubing for the electrical and construction industry will build a 15,000-square-meter plant to serve the aeronautical and automotive industries with an invest...
India to hike subsidy corpus for green hydrogen adoption by domestic steel mills The Indian government is committed to allocating higher subsidies for use of green hydrogen by the domestic steel industry from the current corpus of $54.7 million, Indian minister for new and renewab...
Ukraine's Sukha Balka produces 931,000 mt of iron ore at restarted Frunze mine in 2023 Ukraine's Sukha Balka [1] , a key player in the country's iron ore mining sector and a part of the DCH Group, has proudly declared a significant achievement with the production of 931,000 metric tons...
