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China files WTO complaint against Canada's tariff decision on steel products
China's Ministry of Commerce (MOC) has lodged a complaint with the World Trade Organization (WTO) in response to Canada's recently announced additional tariffs on Chinese steel and aluminum products, ...
sept. 12, 2024
0 1875


Germany needs additional investment of €1.4 trillion by 2030 – BDI
In this way, the country can remain competitive at the international level in the future Germany needs additional private and public investment of €1.4 trillion by 2030 to remain internationally compe...
sept. 12, 2024
0 1901


Fitch Solutions downgrades global steel price forecast for 2024
The average global steel prices this year will be at the level of $660/t The BMI Country Risk and Industry Research division of the international credit rating agency Fitch Solutions has revised its f...
sept. 12, 2024
0 2471


Nucor raises weekly HRC price by $10/t
It is expected that the market will accept an increase to the level of $720/t US steelmaker Nucor has announced an increase in the weekly spot price for hot rolled coil (HRC) by $10/t compared to the ...
sept. 11, 2024
0 2283


Capital investment in the steel industry increased by 56% y/y in 2023
Investments in support and modernization of production facilities reached UAH 9.94 billion The volume of capital investment in the steel production, manufacture of finished steel products, except for ...
sept. 11, 2024
0 2454


Metinvest is among the top 3 largest wartime investors
Capital investments of the group for more than 2.5 war years amounted to UAH 28.1 billion Metinvest Group has been ranked second in the top 50 largest Ukrainian investors in more than 2.5 years of war...
sept. 11, 2024
0 1972


Assofermet: Italian steel market faces uncertainty amid global crises, weak demand
In its usual monthly market report, Assofermet Acciai - the association representing Italian distributors of scrap, raw materials, and steel products - outlines a picture of uncertainty and difficulti...
sept. 10, 2024
0 2266


EU scrap market balance
The EU steel industry has a huge unrealized potential to increase scrap consumption to meet the goals of reducing carbon emissions and developing a circular economy The scrap market in the European Un...
sept. 10, 2024
0 2278


US rig count decreases week-on-week while Canadian rig count remains the same
Baker Hughes has reported that for the week ending on September 6, 2024, the US rotary rig count decreased by one to 582. The number of rigs drilling for gas decreased by one to 94, while the number o...
sept. 10, 2024
0 2103


Cleveland-Cliffs expresses interest in buying some assets of US Steel
This includes plants that are slated to close if US Steel's deal with Nippon Steel does not go through American steelmaker Cleveland-Cliffs Inc. has confirmed its interest in acquiring some of the ass...
sept. 9, 2024
0 1739


China to add steel and aluminium to carbon market in late 2024
China will expand its national carbon trading market to include the steel, aluminium and cement industries at the end of this year, Bloomberg  reports [1] . The country will thus push polluting sector...
sept. 9, 2024
0 2043


Steel demand in Europe may improve only in 2025
European industry and construction are recovering too slowly During the war, the European Union became Ukraine’s largest trading partner. This was facilitated by the lifting of trade restrictions and ...
sept. 9, 2024
0 2103
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