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JSW Steel and POSCO to jointly build a steel plant in India
The capacity of the plant is planned at the level of 5 million tons of steel per year Leading Indian steel company JSW Steel has signed a preliminary agreement with South Korean corporation POSCO to b...
oct. 31, 2024
0 1713


CISA: Chinese key steel enterprises' gross profits drop 56% in Jan-Sept, challenges persist
In the January-September period this year, Chinese key steel enterprises' (monitored by the China Iron and Steel Association) operating revenue amounted to RMB 4.54 trillion ($0.64 trillion), down 6.8...
oct. 30, 2024
0 1574


Primetals to increase productivity of leading steelmaker in Americas
UK-based Primetals Technologies has announced that it has renewed maintenance contracts with an undisclosed steel producer in the Americas for several continuous casters. The steel producer in questio...
oct. 30, 2024
0 1421


Vietnam extends AD duty on color coated steel from China and South Korea
Vietnam's Ministry of Industry and Trade (MOIT) has announced the final results of its antidumping investigation into certain rolled, painted alloy or non-alloy steel products from China and South Kor...
oct. 30, 2024
0 1695


Iron ore prices have fallen by 8-10% since the beginning of October
Quotations of raw materials adjusted to the level of August after a fall in September and a sharp rise in early October January iron ore futures, which are the most traded on the Dalian Commodity Exch...
oct. 30, 2024
0 1474


EUROFER downgraded its forecast for apparent steel consumption in the EU in 2024 to -1.8% y/y
Expectations regarding the growth of the indicator in 2025 have also been reduced to +3.8% y/y EUROFER, the European steel association, expects apparent steel consumption in the EU to decline by 1.8% ...
oct. 30, 2024
0 1474


Nucor raises HRC prices by $20/t
The base HRC price reached $740 per short ton American steelmaker Nucor has announced an increase in its weekly spot price (WSP) for hot-rolled coils by $20 per tonne compared to the previous week, up...
oct. 30, 2024
0 1840


Inflation expectations in the euro area fell to a three-year low in September – ECB
Economic growth expectations for the year ahead were stable Inflation expectations in the eurozone continued to decline in September, falling to a three-year low. This is evidenced by the  data [1]  o...
oct. 29, 2024
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Kazakhstan extends ban on scrap exports for six months
The ban will take effect from November Kazakhstan has extended the ban on exports of ferrous and non-ferrous scrap and waste for another six months starting November 2. This is stated in the relevant ...
oct. 29, 2024
0 1723


EU has started the process of registering imports of hot-rolled steel from four countries
This step will allow anti-dumping duties to be levied retroactively if necessary The European Commission has announced that it has started the process of registering imports of hot-rolled steel from E...
oct. 29, 2024
0 1651


Crisis in the EU steel industry – politicians are intensifying efforts to help the sector
Representatives of the Ukrainian steel sector expect that the Ukrainian authorities will also pay more attention to the problems of the sector /European steelmakers continue to lobby for the sector’s ...
oct. 29, 2024
0 1866


The US reduced imports of rolled steel by 8% m/m in September
Total steel imports for the month fell by 10.3% m/m In September 2024, US metallurgical enterprises reduced imports of rolled metal products by 8% compared to August this year, to 1.69 million tons. T...
oct. 29, 2024
0 1608
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