REPROCESSING SCRAP WILL BOOST INDIA'S STEEL PRODUCTION: MINISTER RAM SINGH Union Steel Minister Ram Chandra Prasad Singh on Saturday said production of steel in India will increase in the years to come as it expands scale of reprocessing scrap materials. Speaking to PTI here...
EU HIKES TARIFFS ON INDIA AND INDONESIA STAINLESS STEEL IMPORTS The European Union announced on Wednesday that it will increase tariffs on certain types of stainless steel products from India and Indonesia after determining they benefited from unfair subsidies, in...
EU OUTLAWS RUSSIAN STEEL As part of its fourth package of sanctions against Russia, the European Commission confirmed that it has prohibited imports of key iron and steel goods from Russia into the EU. The Commission stated ...
BRITISH STEEL LIFTS PRICES BY ‘RECORD 25%’ IN FACE OF SOARING COSTS Following the crisis in Ukraine, British Steel became the latest industrial company to issue a warning about rising power costs, raising pricing for major portions of steel to more than £1,000 per ton...
EU TO BAN STEEL IMPORTS FROM RUSSIA, HITTING PEOPLE ACTIVE IN THE STEEL INDUSTRY * The European Union has announced a new round of sanctions against Russia in response to the country's actions in Ukraine. EU Commission President Ursula von der Leyen said that Russia's membership r...
POSITIVE SITUATION FOR THE STEEL INDUSTRY Experts estimate that, although the domestic steel industry is entering a recession at the beginning of the year, on the contrary, this industry is having more favorable business conditions than the p...
DIFFERENCE BETWEEN HOT ROLLED STEEL AND COLD ROLLED STEEL Rolling is the process of making hot rolled steel and cold rolled steel. In essence, hot rolled steel or cold rolled steel is the name for the manufacturing process, which is one of the final stages i...
STAINLESS STEEL DEMAND IN INDIA TO REACH 20 MT BY FY47: REPORT In the next 25 years, India domestic stainless steel demand is expected to grow by more than five times, according to a new report. The "Stainless Steel Vision Document 2047" was released earlier thi...
UKRAINE WAR TO DELAY AUTOMOTIVE SECTOR RECOVERY: WORLDSTEEL The expected recovery of the global auto industry is still being hampered by the microchip shortage. The situation was expected to ease by the second half of this year; however, the war in Ukraine is ...
US STEEL INDUSTRY MEETS WITH CONGRESS Lourenco Goncalves spoke during a news conference on the infrastructure bill and an update on the automotive and overall supply chain in East Chicago on 11 April 2022. “We do not need pig iron from R...
FAIRNESS TO QUALITY PRODUCTS OF VIET NAM STEEL BY HOA SEN GROUP – INDIA AND JAPAN WERE UNSUCCESSFUL IN THEIR ANTI-DUMPING LAWSUITS. On November 18, 2021, the Trade Remedies Administration received information that the US Department of Commerce (DOC) had received an application from the domestic industry requesting an investigation...
POSITIVE SITUATION FOR THE STEEL INDUSTRY Experts estimate that, although the domestic steel industry is entering a recession at the beginning of the year, on the contrary, this industry is having more favorable business conditions than the p...
