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Construction value in Mexico up 30.1 percent in January
The value of work in the construction industry, the largest consumer of steel in Mexico, registered a nominal increase (without adjustment for inflation) of 30.1 percent, year-over-year, in January, a...
mar. 26, 2024
0 2146
News


Tenova joins RINA's Hydra project to drive steel production decarbonization
Italy-based Tenova, a Techint Group company specialized in innovative solutions for the metals and mining industries, has announced that it is partnering with Italian engineering consultancy, inspecti...
mar. 21, 2024
0 2720
News


India and UK put FTA talks on hold
The India-UK free trade agreement negotiations have been put on hold after 14 rounds of talks, Indian government sources said on Monday, March 18. The sources said that while "a lot of ground has been...
mar. 19, 2024
0 2258
News


Finland's Outokumpu expects lower deliveries in Q1 amid political strike
Finland-based stainless steel producer Outokumpu [1] has announced its guidance for the first quarter of this year. Accordingly, the company has downgraded its expectations for the given period due ...
mar. 14, 2024
0 2528
News


India and four-nation EFTA sign FTA
India and the European Free Trade Association (EFTA) [1] have signed a free trade agreement (FTA) to integrate and strengthen supply chains, attract investments and generate new business opportuniti...
mar. 12, 2024
0 2549
News


US plates in coil imports up 3.6 percent in January
According to preliminary census data from the US Department of Commerce, US imports of plates in coil totaled 120,475 mt in January 2024, up 3.6 percent from December and up 10.4 percent from January ...
mar. 7, 2024
0 2464
News


Moody's expects 2.5% growth for Turkey's economy in 2024
International credit rating agency Moody's [1] has reported in the February issue of its global macroeconomic outlook 2023-2024 report that the economic growth of G-20 countries will stabilize at sl...
mar. 5, 2024
0 2405
News


Brakes India will invest $70 million in Mexican ferrous foundry plant
Brakes India, based in Chennai, India, announced the investment of $70 million for the construction and equipment of a ferrous foundry plant in the central Mexican state of Aguascalientes, the state g...
feb. 29, 2024
0 2941
News


$35 billion UAE investment in Egypt to boost local steel demand in mid-term
Egypt has announced a large UAE-backed investment in Egypt for the development of a large promising stretch of the country's Mediterranean coast, which is expected to benefit the country greatly. In t...
feb. 27, 2024
0 2229
News


Indian steel companies submit bids in ongoing coal mine auction
Indian steel companies JSW Steel Limited [1] , Sunflag Iron and Steel Limited [2] and Tata Steel [3] are among the 27 bidders in the ongoing auction of coal mines, a ministry of coal statement sa...
feb. 22, 2024
0 2560
News


Goldman Sachs: EU's CBAM could significantly hit China's steel exports
The European Union's carbon tax under its Carbon Border Adjustment Mechanism (CBAM) that will enter into force from 2026 could significantly affect China's steel and aluminum exports, according to a r...
feb. 20, 2024
0 2396
News


Turkey’s Isdemir to build solar power plants in Diyarbakir and Çorum
Turkey's Ministry of Environment and Urbanization has announced that the environmental impact assessment (EIA) application made by Turkish steelmaker İskenderun Demir Çelik A.Ş. (İsdemir) for its sola...
feb. 7, 2024
0 2760
News
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