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European steel industry promised additional support measures
Stephan Sejourne calls to focus on strategic sectors with the greatest potential Stefan Sejourne, the European Commission’s candidate for Executive Vice President for Prosperity and Industrial Strate...
Nov 14, 2024
0 1558
News


Nucor raises HRC prices by $10/t
The base price for hot-rolled sheet reached $750 per short ton US steelmaker Nucor has announced an increase in its weekly spot price (WSP) for hot-rolled coils by $10 per tonne compared to the previo...
Nov 14, 2024
0 1493
News


High energy prices affect Polish industry
The country's industrial sector is energy-intensive compared to other EU countries High electricity prices are increasingly affecting the competitiveness of Poland’s industry,  according [1]  to Gramw...
Nov 14, 2024
0 1614
News


Conflict between Liberty Steel and the Hungarian government escalates due to Dunaferr downtime
The Hungarian government accuses the company of non-payment of wages and delayed production resumption, threatening bankruptcy Relations between Liberty Steel and the Hungarian government are deterior...
Nov 14, 2024
0 1665
News


Global mining companies confident in Chinese ore demand
Rio Tinto notes that demand is shifting to higher quality raw materials Signs of recovery in China’s real estate sector could have a positive impact on the outlook for demand for BHP’s products. This ...
Nov 12, 2024
0 1492
News


European long products producers struggle with high costs
The ongoing market downturn may force steelmakers to shut down or sell some capacity European long products producers are under serious financial pressure, Kallanish reports,  citing [1]  sources at s...
Nov 12, 2024
0 1746
News


Liberty Steel announces restructuring plan for Specialty Steel UK
The proposed restructuring should reduce the company's debt Liberty Steel has announced a plan to restructure its Specialty Steel UK business. This is  stated [1]  in the company’s press release. As n...
Nov 12, 2024
0 1556
News


India increased rolled steel imports by 42.2% y/y in April-September
Chinese supplies to the country in this period increased by 36.7% y/y India increased imports of rolled products by 42.2% y/y – to 4.7 million tons in the first half of the 2024/2025 fiscal year (Apri...
Nov 12, 2024
0 1669
News


Nucor Louisiana reaches world record for DRI production per day
Production of cold DRI 330.3 tons per hour, or 7.93 thousand tons per day Tenova, an Italian company that is part of the Techint Group and specializes in innovative solutions for the steel and mining ...
Nov 12, 2024
0 1516
News


Kazakhstan’s Qarmet has signed a number of agreements with Chinese companies
The agreements, in particular, provide for the construction of a plant for the production of high-strength cast iron pipes Kazakhstan’s Qarmet (formerly ArcelorMittal Temirtau) and China’s Xinxing Duc...
Nov 12, 2024
0 1825
News


Egypt investigates dumping of cold-rolled and coated steel products from Turkey and China
The investigation was initiated by local steel producers Al-Obour Metal Industries and Kama Metal Coating and Processing The Egyptian Ministry of Investment and Foreign Trade has announced the launch ...
Nov 12, 2024
0 1559
News


China's stainless steel exports up 19.75 percent in Jan-Sept
In September this year, China's stainless steel imports amounted to 119,800 mt, down 20.39 percent month on month, while declining by 48.23 percent year on year, according to China's customs authoriti...
Nov 4, 2024
0 1666
News
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