Thyssenkrupp to cut 11 thousand jobs in its steel division The company also announced a reduction in production capacity German group Thyssenkrupp will cut 11,000 employees in its steel division and production capacity. This is stated [1] in the company’s p...
Scrap prices declined in November in most key markets Scrap supply exceeds demand amid weakness in the steel market The global scrap market showed a decline in prices in most key regions during November 1-25, 2024. In Turkey, supply fell to its lowest le...
France reduced steel production by 5% m/m in October In January-October, French steelmakers increased steel output by 8.8% y/y In October 2024, French steelmakers reduced steel production by 5% compared to the previous month, to 976 ths tons. Thus, the ...
EU steelmakers should reconsider transition to hydrogen and DRI – EuRIC EuRIC recommends this in view of the rising costs of energy carriers and the unpreparedness of the hydrogen infrastructure European steelmakers need to reconsider their approach to switching to hydrog...
Iron ore prices increased by 4.2% over the past week Optimism about support for China's economy drives demand, despite risks associated with the real estate market and high inventories Iron ore prices on November 15-22, 2024, showed steady growth on maj...
British Steel opens steel rail storage facility UK-based steelmaker British Steel has opened a £10 million storage facility for steel rails to be used in train tracks in North Lincolnshire, according to media reports. The facility will supply track...
Nippon Steel vows to not import slabs into US after US Steel acquisition Takahiro Mori, executive vice president of Japanese steelmaker Nippon Steel, has pledged in a letter to the members of US-based United Steelworkers (USW) union regarding its intention to acquire US St...
Tata Steel ferroalloys division first in India to publish environmental protection declaration Indian steelmaker Tata Steel's Ferro Alloys and Minerals Division (FAMD) has become the first in India's ferrochrome industry to publish an environmental product declaration (EPD) for ferrochrome, und...
Feralpi highlights importance of European steel at EUROFER event in Brussels From November 19 to 21, steel took center stage during an exhibition organized by EUROFER, the European Steel Association, titled "Steel: At the Heart of Europe - Stronger with European Steel," held a...
Austria's Benteler unveils new sustainable steel tube for construction industry Austria-based pipe producer Benteler Steel/Tube Manufacturing Corporation has announced that it has developed new sustainable steel tubes under the CliMore® brand to help decarbonize the construction ...
US may raise dumping margin for HRC from Nippon Steel The US Department of Commerce (DOC) has announced the preliminary results of its administrative review of the antidumping duty order on hot rolled steel flat products from Japan. During the review per...
Indian steel secretary: Duty hike would be ineffective as most imports come from FTA countries at zero rate Around 62 percent of steel imports into India originate from free trade agreement (FTA) countries at zero duty and any duty hike will not have any impact on these shipments, secretary of India's minis...
