Vítkovice Steel regains profit in 2023 after a long period of loss The company achieved the best financial result in the last 15 years The Czech steel plant Vítkovice Steel restored profitability in 2023 after a long period of loss-making. The company ended the year ...
Steelmakers and trade unions insist on urgent protection of the EU steel industry The plan should be published in the first 100 days of the new European Commission's work The European Steel Association (EUROFER) and IndustriAll Europe, the trade union federation, have issued a joi...
Russian steelmakers maintain strong positions in EU market despite sanctions – Metinvest Ukrainian producers face competition from the Russian Federation, in particular due to cheap Russian slabs supplied to the EU Despite the sanctions, Russian steel companies maintain a competitive posi...
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...
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...
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...
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...
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 ...
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...
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...
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...
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 ...
