The global iron ore market is expected to have a surplus by 2030 World trade in iron ore in 2023 was 1.6 billion tons The global iron ore market is set to undergo a major upgrade in the near future, with a surplus forecasted by the end of the decade. This is repo...
Hyundai Steel expands its low-carbon steel sales network This was in response to the global demand for carbon neutrality and the implementation of CBAM South Korean steelmaker Hyundai Steel is expanding its low-carbon plate sales base in international mark...
Japan's Kyoei Steel to reduce rebar production due to low demand Japan's largest rebar producer Kyoei Steel will cut its rebar production by about 20 percent during the remainder of July and in August due to delays in construction projects amid workforce shortages ...
The law on industrial pollution will hit Ukrainian enterprises – FEU Much less time is provided for ecological modernization than even in the EU The Law on Industrial Pollution is a ticking time bomb for Ukrainian industry. This opinion was expressed [1] by Dmytro O...
Dynamics of iron ore imports to China are dictated by prices Chinese steelmakers are restocking despite uncertainty about steel demand ** The ambiguous dynamics of China’s commodity imports in the first half of 2024 is more related to price fluctuations than to...
IMF: Global economic growth forecast for 2024-25 unchanged, upside risks to inflation increase Global economic growth has been estimated at 3.2 percent in 2024 and is projected to be at 3.3 percent in 2025, in line with the expectations in the April 2024 report, according to the World Economic ...
VIETNAM'S STEEL OUTPUT AND SALES RISE IN H1 According to the Vietnam Steel Association (VSA), in June this year finished steel production in Vietnam totaled 2.46 million mt, increasing by 22.4 percent year on year, while the country's steel pro...
Ternium and GASA benefit from Mexico-US agreement on Brazilian steel The Mexican unit of the Italian-Argentinian Ternium and the Mexican steel company Grupo Acerero (GASA) are the two beneficiary companies of the agreement between Mexico and the United States to exclud...
87 percent of steel mills in Mexico can export steel to the US without section 232 tariff 87 percent of steel companies can export steel by complying with the new United States rule that exempts molten and cast steel from paying the tariff in the USMCA region, and for the remaining 13 perc...
India's Tata Steel to double steelmaking capacity with focus on domestic expansion India's Tata Steel Limited will double its total steelmaking capacity to 40 million mt per year, changing its global strategy that will see the share of domestic production rising to 75 percent of the...
How the Russia-Ukraine war has impacted on logistics routes and supply chains Supply Chains in EU and Ukraine total changed after 27 months of war Today geopolitics becomes the major challenge for supply chains. During last three years majority of logistics challenges were con...
China updates roadmap for achieving carbon neutrality in steel industry The country maintains the goal of reducing CO2 emissions in the steel industry by 40% in 2040 China’s Steel Industry Expert Committee on Low-Carbon Metallurgy has published a new report on achieving ...
