Odisha government approves expansion of Tata Steel's NINL steel mill The government of the eastern Indian state of Odisha has approved the expansion of Neelachal Ispat Nigam Limited (NINL), a Tata Steel Limited subsidiary, from 0.98 million mt per year to 9.5 million m...
Norway's Blastr Green Steel to supply ultra- low carbon steel to INTERFER Edelstahl Group Norwegian decarbonized steel developer Blastr Green Steel has announced that it has signed a memorandum of understanding with Germany-based steel distributor INTERFER Edelstahl Group for the annual su...
Consumer activity in the hot-rolled coil market declined in November The market does not accept producers' attempts to raise prices In November 2024, the global hot-rolled coil market was marked by uncertainty. Despite a slight increase in prices in some regions, low ...
Falling steel prices are a major problem – Tata Steel CEO The issue of tariffs on steel imports to India is under active consideration Falling steel prices and Chinese imports to India are currently more worrisome than demand for steel products in the countr...
ECB President calls for avoiding trade confrontation between the EU and the US Christine Lagarde warned that a trade war would lead to a decline in global GDP European Central Bank President Christine Lagarde has called on EU political leaders to cooperate with US President-elec...
Liberty Steel in Dudelange is on the verge of bankruptcy Delayed salaries, a long search for an investor and lack of government support put the company's future in question The Liberty Steel plant in Dudelange, which has been inactive for a long time, may b...
UK should give preference to local steel in public procurement – UK Steel Currently, a third of the steel purchased by the government is imported The UK government, as the country’s largest steel buyer, has a unique opportunity to support its steel sector. This is stated [...
Kazakhstan plans to launch an iron ore project with reserves of 74 million tons by 2027 Extraction of raw materials is planned to be completed in 20 years By 2027, Kazakhstan plans to launch a large-scale Lomonosovske iron ore project (Lomo) with reserves of 74 million tons of iron ore c...
Japanese Prime Minister urges US to approve deal between Nippon Steel and US Steel – Reuters The US Committee on Foreign Investment is currently reviewing the acquisition Japanese Prime Minister Shigeru Ishiba has sent a letter to US President Joe Biden asking him to approve the Nippon Steel-...
Low steel prices may hinder capacity expansion in India Without adequate domestic capacity, the country will be dependent on imports for infrastructure development Low steel prices caused by dumping in the global market will negatively affect India’s goals...
Rebar market saw a drop in prices and volatility in demand in November Offer prices are declining in China, Turkey and Europe, while the US is showing signs of stabilization November 2024 was marked by a general decline in rebar prices in key global markets due to weak d...
Chinese steelmakers cut losses in January-October amid economic incentives In general, the situation in the industry has revived somewhat in recent months In January-October this year, Chinese steelmakers reduced their total losses to about 23 billion yuan ($3 billion) compa...
