The US reduced rolled steel imports by 9.4% m/m in August Total steel imports for the month fell by 2.2% m/m In August 2024, US steelmakers reduced imports of rolled steel products by 9.4% compared to July this year, to 1.83 million tons. This is evidenced ...
OECD forecasts global GDP growth of 3.2% in 2024-2025 Last year, according to the organization, this indicator was 3.1% The Organization for Economic Cooperation and Development (OECD) forecasts global GDP growth of 3.2% y/y in 2024 and 2025 due to stead...
EU steelmakers call for emergency duties on steel imports – Argus This call is connected with a rapid increase in the import of steel to the EU, in particular hot-rolled coil European steel producers are demanding that the European Commission (EC) impose urgent rest...
Emsteel is interested in the assets of Spanish Celsa These are enterprises in Poland, Great Britain and Norway Emsteel, based in the United Arab Emirates, has taken an interest in the assets of Spanish steel company Celsa in Poland, the United Kingdom ...
Prosecutor General’s Office files third motion to seize more than 2,000 semi-railcars of Poltava Mining The company considers the demand to prohibit the use of its railcars as a disproportionate measure The Prosecutor General’s Office (PGO) has filed a third motion to seize and ban the use, alienation a...
Ussuri Capital has started the process of attracting investments of €60 million The company estimates capital investments in the first stage of the project in Romania at €160 million Turkish investment company Ussuri Capital announced that officially entered the process of attrac...
Nucor is raising HRC prices for the second time since September On September 23, HRC Nucor spot price increased by $10/t – to $730 per short ton American steelmaker Nucor announced an increase in the weekly spot price (CSP) for hot-rolled coil (HRC) by $10/t compa...
Iron ore prices rise amid China’s stimulus measures The Central Bank of the country announced the most powerful package of financial stimulus measures since the beginning of the coronavirus pandemic Iron ore prices are showing positive dynamics, but an...
ArcelorMittal Kryvyi Rih to reduce capacity due to rising electricity prices and slowing exports In Q4 2024 one blast furnace will remain in operation – BF No. 8, and 2-3 sintering machines PJSC ArcelorMittal Kryvyi Rih, a subsidiary of the global steel producer ArcelorMittal, plans to reduce pro...
Nippon Steel will sell shares of South Korean POSCO This step is designed to increase the efficiency of the Japanese steel company's assets Nippon Steel announced that it will sell a total of 2.9 million shares of South Korea’s POSCO Holdings that it o...
Rebar prices fluctuate in different directions amid economic uncertainty Consumer buying activity is not sufficient to support prices In September, global rebar prices did not show a clearly defined trend. In the US and the EU, the dynamics were negative, but in Turkey and...
Global steel production fell by 5.2% m/m in August Steel production in the 71st country for the month amounted to 144.8 million tons Global steel production in August 2024 fell by 6.5% compared to the same month in 2023 to 144.8 million tons. The figu...
