Indian steelmakers are calling for higher tariffs due to rising imports from China The industry association notes that there is a risk of increased steel imports in the coming months Indian steelmakers have called on the government to double tariffs on steel imports to stem a surge ...
France increased steel production by 50% m/m in August In January-August, French steelmakers increased steel output by 8.4% y/y In August 2024, steel enterprises of France increased steel production by 50% compared to the previous month – to 1.12 million ...
Jindal India invests $179 million in capacity expansion The new production lines are expected to be fully operational by FY2025/2026 Jindal India, a producer of value-added steel products, is investing about $179 million to increase production capacity by ...
Japan seeks to improve protective measures against Chinese steel The profile ministry will propose expanding the scope of anti-dumping duties The Ministry of Economy, Trade and Industry of Japan is seeking to expand the scope of anti-dumping duties to cover Chinese...
Three countries may exhaust their export quota for hot-rolled coils to the EU in October In July, 39,000 tons of Japanese HRC were withdrawn from customs clearance Japan, Vietnam and Taiwan are likely to exhaust their quotas for duty-free supplies of 141,85 thousand tons of hot-rolled coi...
The US reduced rolled steel imports by 9.4% m/m in August Total steel imports for the month fell by 2.2% m/m In August 2024, US steelmakers reduced imports of rolled steel products by 9.4% compared to July this year, to 1.83 million tons. This is evidenced ...
OECD forecasts global GDP growth of 3.2% in 2024-2025 Last year, according to the organization, this indicator was 3.1% The Organization for Economic Cooperation and Development (OECD) forecasts global GDP growth of 3.2% y/y in 2024 and 2025 due to stead...
EU steelmakers call for emergency duties on steel imports – Argus This call is connected with a rapid increase in the import of steel to the EU, in particular hot-rolled coil European steel producers are demanding that the European Commission (EC) impose urgent rest...
Emsteel is interested in the assets of Spanish Celsa These are enterprises in Poland, Great Britain and Norway Emsteel, based in the United Arab Emirates, has taken an interest in the assets of Spanish steel company Celsa in Poland, the United Kingdom ...
Prosecutor General’s Office files third motion to seize more than 2,000 semi-railcars of Poltava Mining The company considers the demand to prohibit the use of its railcars as a disproportionate measure The Prosecutor General’s Office (PGO) has filed a third motion to seize and ban the use, alienation a...
Ussuri Capital has started the process of attracting investments of €60 million The company estimates capital investments in the first stage of the project in Romania at €160 million Turkish investment company Ussuri Capital announced that officially entered the process of attrac...
Nucor is raising HRC prices for the second time since September On September 23, HRC Nucor spot price increased by $10/t – to $730 per short ton American steelmaker Nucor announced an increase in the weekly spot price (CSP) for hot-rolled coil (HRC) by $10/t compa...
