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China's crude steel output see rises in May, weakening support for prices
In the January-May period this year, China's outputs of pig iron, crude steel and finished steel totaled 361.13 million mt, 438.61 million mt and 574.05 million mt, decreasing by 3.7 percent, decreasi...
jun. 18, 2024
0 1882
News


EUROFER: URGENT CALL FOR ACTION ON NON-MARKET EXCESS CAPACITY IN STEEL INDUSTRY
The European Aluminum and EUROFER, representing the aluminum and steel sectors in Europe, have issued a joint statement emphasizing the urgent need for progress in the Global Arrangement on Sustainabl...
jun. 15, 2024
0 1936
News


Ind-Ra: Indian steel demand to rise by 9-12 percent in FY 2024-25
India Research and Ratings (Ind-Ra) has forecast a domestic steel demand growth of 9-12 percent in fiscal year 202 25, driven by user industries like automobile and infrastructure, the rating firm sai...
jun. 14, 2024
0 1881
News


Vietnam’s steel imports up 20.6 percent in May from April
In May this year,  Vietnam [1] ’s steel imports amounted to 1,547,270 mt, up 20.6 percent compared to April, while its scrap imports went down by 27.4 percent month on month to 295,749 mt, according t...
jun. 13, 2024
0 1978
News


UK Steel calls for policy support to boost competitiveness of steel industry
The  UK [1] -based trade association  UK [2]  Steel has stated that the country’s steel industry is battling sliding competitiveness and increasing imports, and it is calling for policies ahead of the...
jun. 12, 2024
0 2049
News


Taiwan’s iron and steel export value down 10.7 percent in January-May
In May this year, the value of  Taiwan [1] ’s iron and steel exports moved down by 12.9 percent year on year to $1.43 billion, according to the statistics issued by  Taiwan [2] ’s Ministry of Finance....
jun. 12, 2024
0 1884
News


Ex-India HRC offers prices rise but only to Europe, most sellers still refrain from exports
While most ex- India [1]  hot rolled coil ( HRC [2] ) prices have remained stable in the majority of trade destinations, mainly amid negligible trade activity, export offers to Europe have indicated a...
jun. 12, 2024
0 1841
News


MOC: Average steel prices in China down slightly during May 27-June 2
China [1] 's Ministry of Commerce (MOC) has announced that during the May 27-June 2 period this year the overall average finished steel price in  China [2]  decreased slightly. In the given period, t...
jun. 10, 2024
0 1896
News


ICRA RAISES INDIAN STEEL DEMAND GROWTH FORECAST TO 9-10% IN FY 2024-2025
Indian rating agency ICRA has revised upwards its Indian steel demand growth forecast for the fiscal year 2024-25 to 9-10 percent, higher than 7-8 percent earlier, according to a statement by the agen...
jun. 5, 2024
0 2234
News


US TOOL STEEL EXPORTS DOWN 31.1 percent IN MARCH FROM FEBRUARY
According to export data from the  US [1]  Department of Commerce,  US [2]  exports of tool steel totaled 5,958 mt in March this year, down 31.1 percent from February and down 39.6 percent year on yea...
jun. 4, 2024
0 1906
News


€300 MILLION INVESTMENT TO REACTIVATE ROMANIA’S OTELU ROSU STEEL PLANT
Marcel Ciolacu, the prime minister of Romania, has announced that Romanian entrepreneur Dorinel Umbrarescu, owner of UMB Group, a company primarily involved in construction, transportation and petrole...
may. 31, 2024
0 2302
News


TURKISH STEEL INDUSTRY AIMS TO INCREASE TRADE VOLUME WITH NORTH AFRICA
The Turkish Steel Exporters’ Association (CIB) visited Tunisia with a trade delegation on May 22-24 with the aim to increase the trade volume between Turkey and North African countries and expand Turk...
may. 31, 2024
0 2010
News
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