EUROFER calls for urgent action to save European steel industry The industry is experiencing its worst period since the financial and economic crisis of 2009 The European Steel Association (EUROFER) called for urgent action to save steel industry in Europe. This ...
China should use a number of levers to accelerate steel industry green transition– CBI Nearly 80% of China's coal-fired blast furnaces will need to be closed or reinvested by 2030 This decade is crucial for the Chinese steel sector’s transition to the goals set out in the Paris Agreemen...
Steel demand in Germany will not recover in 2024 – WV Stahl In the current year, according to the forecast of Worldsteel, the demand for steel in the country will fall by 7% Demand for steel in Germany will not recover this year, and its weak development refle...
The UK is launching a new industrial strategy The industrial strategy and the National Welfare Fund should support the country's industrial base The UK Government is launching a new Industrial Strategy and National Prosperity Fund to provide stab...
Iron & steel industry of Ukraine will be the most hit by EU CBAM Exports of pig iron, billets and long steel products can stop after 2030 According to the research “How EU CBAM could weaken economy of Ukraine” [1] , 93% of Ukrainian exports which falls under CBAM ...
Nippon Steel has applied for a subsidy to build new EAFs In this way, the company aims to support its decarbonization efforts Japan’s largest steel producer Nippon Steel has applied for a government subsidy to build new electric arc furnaces (EAF), Argus.Me...
Taiwan to discuss its own version of CBAM It is predicted that the details of the mechanism will not be announced until mid-2025 Taiwanese industry representatives believe that the authorities should follow the example of Europe’s CBAM and de...
Nucor is cutting HRC prices for the first time since early July The company announced a reduction in offers by $10 – to $720/t American steel producer Nucor announced a decrease in the weekly spot price (CSP) for hot-rolled coil (HRC) by $10/t compared to the prev...
India plans to expand steel quality control amid rising imports The country's steel industry is vulnerable to trade diversion The Indian government may expand the list of steel products subject to quality control (QCO) regulations to combat increasing dumping of s...
Steel exports from China in January-September rose to an 8-year high Shipments increased by 21.2% y/y China’s steel exports in January-September 2024 increased by 21.2% compared to the same period in 2023 to 80.71 million tons. The figure is the highest in the last 8 y...
Global steel demand to decline by 0.9% in 2024 – WorldSteel In 2025, after three years of decline, the indicator will recover by 1.2% The World Steel Association WorldSteel [1] has downgraded its short-term forecast for global steel demand in 2024. Volumes a...
SHS Group companies selected technology suppliers for decarbonization project Midrex Technologies and Primetals Technologies will be responsible for the new production complex German steelmaker Dillinger and its subsidiary ROGESA, part of Stahl-Holding-Saar (SHS Group), have si...
