India mulls policy to offer incentives for green steel procurement to boost demand India's Ministry of Steel is working on a policy to generate demand for green steel through offering incentives for users to procure green steel, the secretary at the Ministry of Steel, Sandeep Poundr...
Vietnam's steel imports up 13.1 percent in August from July In August this year, Vietnam's steel imports amounted to 1,340,998 mt, up 13.1 percent compared to July, while its scrap imports increased by 16.4 percent month on month to 429,547 mt, according to th...
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, ...
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...
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...
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 ...
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 ...
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...
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...
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...
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...
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...
