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...
Thyssenkrupp CEO: Germany needs to extend hydrogen network in Europe Thyssenkrupp [1] CEO, Miguel López, has emphasized the strategic significance of extending the hydrogen network in Europe, particularly through the construction of new pipelines connecting southern E...
POSCO completes construction of electrical steel sheet plant at Gwangyang South Korea's renowned steel manufacturer, POSCO [1] , has successfully concluded the initial phase of construction for its cutting-edge non-oriented electrical steel sheet plant at Gwangyang Steel W...
IDDMIB: Turkey must revoke antidumping duty on stainless steel Fikret Kaya, a member of the supervisory board at the Istanbul Ferrous and Non-Ferrous Metals Exporters' Association (IDDMIB), has strongly advocated for the removal of the eight percent antidumping d...
