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TRA REVIEWS IN THE UK IMPORT QUOTAS FOR RUSSIA AND BELARUS STEEL TO AVOID SUPPLY SHORTAGE
The UK has initiated an investigation into steel imports from Russia and Belarus to see if tariff rate quotas for Russia and Belarus should be reallocated to avoid a steel shortage, according to a sta...
May 14, 2022
0 3934


GREEN STEEL PROJECT EXPECTS TO RECEIVE €143 MILLION FROM THE EU
The project, led by SSAB, LKAB, and Vattenfall, will demonstrate a whole value chain for hydrogen-based steelmaking, from mine to fossil-free steel, on an industrial scale. HYBRIT was chosen as one of...
May 14, 2022
0 3347


BRAZIL'S GOVERNMENT REDUCE TAX ON STEEL REBAR IMPORT
After a meeting with Economy Minister Paulo Guedes, industry group Aco Brasil said that only steel rebars would be affected by the government's decision to lower tariffs on several products, including...
May 13, 2022
0 3997


INDIA NEWS: STEEL, FUEL PRICES  IMPACT DOMESTIC STEEL DEMAND IN COMING QUARTERS
According to industry consultant SteelMint India, domestic steel consumption is projected to suffer in the next quarters due to "extremely high steel costs" and steadily rising fuel prices. Steel pric...
May 12, 2022
0 3788


THE STEEL MARKET IN ITALY IS HUMMING
Only those with steel and stainless steel in their inventories may celebrate, according to Italian market sources. Demand is strong, order books are full, availability is low, and stockpiles must be s...
May 12, 2022
0 3409


GERMAN STEEL MARKET EXPECTS SIGNIFICANT DECREASE IN INVENTORY, OUTPUT
**Germany steel industry in good shape ** .The inventory perception index was 18.75, indicating that market participants predicted much lower stored steel volumes in April. This matched market members...
May 10, 2022
0 3751


CHINA'S JAN-FEB FINISHED STEEL EXPORTS FALL 18.8% ON YEAR TO 8.234 MIL MT
** China's finished steel exports dropped sharply, daily average of exports down 13.9% from December. ** The General Administration of Customs data revealed that China's finished steel imports fell 7....
May 9, 2022
0 2946


NICKEL AND ALUMINIUM START TRADING STRONG
* Nickel (+3%) and aluminium (+1.5%) started strong in LME trading on Monday morning. Positive labour market data was reported from the United States and Germany. And what happens to dumped aluminium ...
May 9, 2022
0 3502


STAINLESS STEEL PRICES SHAKEN BY LME NICKEL TURMOIL
Buyers and sellers were attempting to determine the impact of Russia's invasion of Ukraine on the stainless steel market. This industry is already being impacted by growing raw material costs, rising ...
May 7, 2022
0 3676


US TODAY: STEEL PRODUCTION INCREASES; GLOBAL DEMAND PICKS UP
United States Steel Corp. (US Steel) reported a jump in profit and revenue for the quarter ended March 31, driven by steady demand and rising steel prices. The steelmaker posted net income of USD 882...
May 6, 2022
0 3274


ASIAN REBAR PRICES INCH UP AMID HIGHER BUYING INDICATION
Asian rebar prices increased as some buyers held bullish outlooks on the prices and tried to follow the trends in the market. The 16-20 mm diameter BS500 rebar grade was assessed up $1/mt at $836/mt ...
May 5, 2022
0 3775


VIET NAM STEEL TODAY: A ROUNDUP OF STEEL INDUSTRY NEWS FROM AROUND THE WORLD
**Baowu Group acquires Xinyu Steel** China's largest steelmaker Baowu Group is taking majority control of a steel company in the Jiangxi province, fast-tracking the company's consolidation plan and bo...
May 4, 2022
0 3556
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