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Anglo American to transfer coking coal business in Australia to US-based Peabody Energy
UK-based mining giant Anglo American has announced that, within the scope of its plans to focus on its copper and premium iron ore operations, it has decided to sell off its remaining coking coal mine...
Nov 27, 2024
0 1622
News


Trump threatens China, Mexico and Canada with new tariffs
Incoming US president Donald Trump has stated that the US will impose 25 percent tariffs on all products from Mexico and Canada, and 10 percent tariffs on products from China, as of January 20, 2025, ...
Nov 27, 2024
0 1367
News


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...
Nov 27, 2024
0 1344
News


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...
Nov 27, 2024
0 1441
News


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 ...
Nov 26, 2024
0 1592
News


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...
Nov 26, 2024
0 1661
News


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...
Nov 26, 2024
0 1553
News


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...
Nov 23, 2024
0 1445
News


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...
Nov 23, 2024
0 1309
News


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...
Nov 23, 2024
0 1524
News


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...
Nov 23, 2024
0 1582
News


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 ...
Nov 23, 2024
0 1584
News
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