MEXICAN GASA DEBUTS IN DEBT MARKET TO FINANCE NEW STEEL PLANT Grupo Fonderia, the controller of the steel company Grupo Acerero (GASA), with a program authorized to issue up to MXN 5 billion ($266 million) in debt securities in the stock market, made its first p...
THE SIGNING CEREMONY OF THE STRATEGIC COOPERATION BETWEEN HOA SEN GROUP (VIETNAM) AND SP GROUP (SINGAPORE) FOR THE SUSTAINABLE DEVELOPMENT OF CLEAN ENERGY AT HOA SEN GROUP'S STEEL MILLS NATIONWIDE On the morning of June 27, 2024, Hoa Sen Group (Vietnam) and SP Group (Singapore) officially signed a strategic partnership agreement for the sustainable development of clean energy at Hoa Sen Group's...
SWISS STEEL INTRODUCES NEW GREEN STAINLESS STEEL PRODUCT Switzerland-based steelmaker Swiss Steel Group has announced that it has launched a new eco-friendly product called "green steel stainless+" that meets the highest ecological standards. Being corrosi...
India to build 9 coal washeries to increase supplies to steel sector To reduce coking coal import dependency and ensure higher supplies to the steel sector, government-run Coal India Limited (CIL) has firmed up plans to construct and operationalize nine new coal washer...
The 10 largest polluting countries emitted a record amount of CO2 in 2023 In 2023, the 10 largest polluting countries increased industrial emissions to a record 24.5 billion tons of CO2, up from 23.9 billion tons (+2.5% y/y) in 2022. This is stated in the review of the Ener...
UK Steel: New government projects should use local steel The UK-based trade association UK Steel has stated that it has found that new government infrastructure projects may spend over £1.5 billion on steel bought from abroad. The association added that the...
STAFF SHORTAGE MAY BRING THE STEEL INDUSTRY TO THE BRINK OF SURVIVAL Most Ukrainian companies name staff shortage as one of the main problems at enterprises Ongoing mobilization and mass internal and external migration inevitably lead to a shortage of personnel in Ukra...
World crude steel output up 1.5 percent in May Global crude steel production in May this year increased by 1.5 percent year on year to 165.1 million mt, according to the World Steel Association (worldsteel). In the January-May period this year, gl...
Sales by flat steel distributors in May affected by floods in South Brazil Sales of flat steel products by the Brazilian distributors have reached 315,600 mt in May, 5.0 percent less than in April, according to the sector institute INDA. Under the same comparative basis, acq...
US STEEL KOSICE RESTARTS ITS BLAST FURNACE AMID STRONGER DEMAND Slovakia-based US Steel Kosice (USSK), a subsidiary of US Steel, has announced that it has recently restarted the blast furnace No. 2 on stronger demand from customers. The blast furnace was temporari...
RISKS TO THE STEEL MARKET FROM A SLOWDOWN IN CHINA'S ECONOMY An increase in Chinese exports leads to losses in local markets and, as a result, to an increase in the number of trade restrictions The Chinese economy is gradually changing, shifting from export exp...
VIETNAM INITIATES AD PROBE ON HDG FROM CHINA AND S.KOREA Vietnam's Ministry of Industry and Trade (MOIT) has announced that it has initiated an antidumping (AD) investigation on imports of HDG from China and South Korea. The investigation, which was launch...
