EU’s Renewable Energy Share Rises to 46.9% in 2024, Strengthening Green Transition Goals The share of *renewable energy in the EU’s electricity mix climbed to 46.9% in 2024*, according to preliminary estimates. This marks a significant rise from 44.4% in 2023, reflecting the bloc’s accele...
Blastr Green Steel's Finnish Plant Advances with Environmental Approval Blastr Green Steel has achieved a significant milestone for its proposed low-emission steel plant in Inkoo, Finland, by successfully completing the Environmental Impact Assessment (EIA) process. This ...
Ukraine's Steel Trade Strengthens in February: Flat Imports Rise, Long Exports Surge Ukraine’s steel industry showed positive movement in February 2024, with notable increases in both *flat product imports* and *long product exports*, reflecting a recovering market and growing trade a...
Federacciai Criticizes EU Steel Plan, Highlights Key Uncertainties *The European Commission's "European Steel and Metals Action Plan,"* presented on March 18, aims to shape the future of the steel sector amid ecological transitions and global challenges. However, *Fe...
JFE Steel Subsidiary Acquires Maruhachi Steel Pipe to Strengthen Market Position *JFE Shoji Steel Pipe & Tube Co., Ltd*, a subsidiary of Japanese steel producer *JFE Steel Corporation*, has announced the acquisition of *Maruhachi Steel Pipe Co., Ltd.*, a prominent steel pipe manuf...
Vallourec Brazil Set to Boost Pellet Production to Meet Steel Industry Demand *Vallourec Brazil*, a subsidiary of the French pipe manufacturer *Vallourec*, has announced plans to *increase its pellet production capacity to over 1.2 million metric tons (mt) per year*. The compan...
EU Unveils Steel and Metals Action Plan to Boost Industry Competitiveness and Secure Energy Supply *The European Commission (EC) has launched its final version of the Steel and Metals Action Plan,* aimed at enhancing the competitiveness of the steel and metals industry while addressing challenges s...
Taiwan Extends Antidumping Duties on Cold Rolled Stainless Steel Imports from China and South Korea *Taiwan's Ministry of Economic Affairs (MOEA) has confirmed the extension of antidumping duties (AD) on cold rolled stainless steel imports* from China and South Korea following the final results of t...
Fitch Predicts Pressure on Indian Steel Prices, Ratings Upgrades at Risk for Major Mills *Indian steel prices are expected to remain under pressure in the next fiscal year (2025-26),* as local mills struggle with increasing imports from China and the rising risks of aggressive tariff poli...
Steel Dynamics Anticipates Stronger Earnings and Steel Operations in Q1 2025 *Steel Dynamics (SDI)*, a major U.S.-based steel producer, has provided an optimistic *earnings guidance* for the first quarter of 2025, expecting *earnings in the range of $1.36 to $1.40 per diluted ...
Blastr Green Steel’s Low-Emission Steel Plant in Finland Receives Environmental Approval *Blastr Green Steel*, a Norwegian developer focused on decarbonized steel, has successfully received *environmental approval* for its planned low-emission steel plant in *Inkoo, Finland*. The project ...
EU's "Melt and Pour" Clause to Impact Cold Rolled and Coated Steel Suppliers to the Region The *European Commission* is set to implement a *"melted and poured" rule* as part of its *Steel and Metals Action Plan* to address growing concerns over trade circumvention. The draft of this plan, d...