Rising demand and export trends fueling HRC import growth According to data from the General Department of Vietnam Customs, Vietnam imported 886,000 tons of hot-rolled coil in June alone, which is 151 per cent of domestic production, with those from China ma...
US Steel, Molten Industries and CPFD Software to collaborate on carbon emissions reduction US-based companies CPFD Software, methane pyrolysis technology developer Molten Industries and steelmaker United States Steel Corporation (US Steel) will collaborate to build a system aimed at elimina...
Baosteel to acquire BNA, ending 20-year cooperation with Nippon Steel Major Chinese steelmaker Baosteel plans to acquire Baosteel-Nippon Steel Automotive Steel Sheets Co., Ltd. (BNA), ending a 20- year cooperative operation with Japanese steel producer Nippon Steel. On ...
Italian steel industry embraces nuclear energy with new agreement EDF (Électricité de France), Edison, Ansaldo Energia, Ansaldo Nucleare, and the Italian steel federation Federacciai have signed a memorandum of understanding to promote the use of nuclear energy in t...
Growth in Chinese exports leads to a drop in global steel prices China's growing manufacturing capacity threatens emerging economies The growth of Chinese exports is leading to a drop in global steel prices, and overproduction in China continues. This is reported...
Global steel production fell by 2.2% m/m in June Steel production in the 71st country for the month amounted to 161.4 million tons Global steel production in June 2024 increased by 0.5% compared to the same month in 2023 to 161.4 million tons. The ...
Production of pellet in Mexico sees worst recession in history The production of pellet in Mexico decreased 4.4 percent in May, year-over-year, to 446,527 metric tons (mt), marking a 17th consecutive contraction and constituting the worst production recession in ...
Emissions in China’s steel industry increased by 5.9% y/y in January-June Emissions of sulfur dioxide per ton of steel were 0.2 kg/t, solid particles – 0.21 kg/t, nitrogen oxide – 0.35 kg/t Total emissions in the Chinese steel industry in January-June 2024 increased by 5.9...
Italy's Cogne Acciai Speciali uses 100% renewable electricity at all its European plants Cogne Acciai Speciali, one of the leading steel producers in Italy, has announced that all its plants in Europe are using 100 percent renewable electricity since January 2024. "We are proud to announc...
ArcelorMittal Mexico reaches agreement to end strike ArcelorMittal (AM) Mexico reached an agreement Thursday evening, July 18, to end the 55-day strike that began on May 24, 2024. Located in Lazaro Cardenas, in the Michoacán state, the steelmaking and m...
South Africa criticises UK plans to introduce CBAM analogue South Africa notes that this step may contradict WTO rules South Africa has told the UK that its plans to introduce a cross-border carbon tax on imported goods would deepen global inequality. It is ...
Milaha to provide stevedore services for Qatar Steel's shipments Qatar-based maritime and logistics solutions provider Qatar Navigation (Milaha) has announced that it has signed a five-year agreement with local steelmaker Qatar Steel to provide stevedore services t...
