MEXICAN STEEL MARKET PRICES EXPECTED TO RISE According to data, over 80% of market participants expect Mexican finished steel prices to rise further in April owing to increasing raw-material costs. Concerns about low demand, on the other hand, a...
CHINESE STEEL SLABS IN SHORT SUPPLY. JAPAN ONLY GETS STEEL EXCEPTION The Chinese steel industry, according to sources, is running out of steel slabs. While Russia (sanctioned) and Ukraine (many steel mills shut down) used to be the primary exporters of steel slabs, dem...
TRA REVIEWS IN THE UK IMPORT QUOTAS FOR RUSSIA AND BELARUS STEEL TO AVOID SUPPLY SHORTAGE The UK has initiated an investigation into steel imports from Russia and Belarus to see if tariff rate quotas for Russia and Belarus should be reallocated to avoid a steel shortage, according to a sta...
GREEN STEEL PROJECT EXPECTS TO RECEIVE €143 MILLION FROM THE EU The project, led by SSAB, LKAB, and Vattenfall, will demonstrate a whole value chain for hydrogen-based steelmaking, from mine to fossil-free steel, on an industrial scale. HYBRIT was chosen as one of...
BRAZIL'S GOVERNMENT REDUCE TAX ON STEEL REBAR IMPORT After a meeting with Economy Minister Paulo Guedes, industry group Aco Brasil said that only steel rebars would be affected by the government's decision to lower tariffs on several products, including...
INDIA NEWS: STEEL, FUEL PRICES IMPACT DOMESTIC STEEL DEMAND IN COMING QUARTERS According to industry consultant SteelMint India, domestic steel consumption is projected to suffer in the next quarters due to "extremely high steel costs" and steadily rising fuel prices. Steel pric...
THE STEEL MARKET IN ITALY IS HUMMING Only those with steel and stainless steel in their inventories may celebrate, according to Italian market sources. Demand is strong, order books are full, availability is low, and stockpiles must be s...
GERMAN STEEL MARKET EXPECTS SIGNIFICANT DECREASE IN INVENTORY, OUTPUT **Germany steel industry in good shape ** .The inventory perception index was 18.75, indicating that market participants predicted much lower stored steel volumes in April. This matched market members...
CHINA'S JAN-FEB FINISHED STEEL EXPORTS FALL 18.8% ON YEAR TO 8.234 MIL MT ** China's finished steel exports dropped sharply, daily average of exports down 13.9% from December. ** The General Administration of Customs data revealed that China's finished steel imports fell 7....
NICKEL AND ALUMINIUM START TRADING STRONG * Nickel (+3%) and aluminium (+1.5%) started strong in LME trading on Monday morning. Positive labour market data was reported from the United States and Germany. And what happens to dumped aluminium ...
STAINLESS STEEL PRICES SHAKEN BY LME NICKEL TURMOIL Buyers and sellers were attempting to determine the impact of Russia's invasion of Ukraine on the stainless steel market. This industry is already being impacted by growing raw material costs, rising ...
US TODAY: STEEL PRODUCTION INCREASES; GLOBAL DEMAND PICKS UP United States Steel Corp. (US Steel) reported a jump in profit and revenue for the quarter ended March 31, driven by steady demand and rising steel prices. The steelmaker posted net income of USD 882...