IMF: Global economic growth forecast for 2024-25 unchanged, upside risks to inflation increase Global economic growth has been estimated at 3.2 percent in 2024 and is projected to be at 3.3 percent in 2025, in line with the expectations in the April 2024 report, according to the World Economic ...
VIETNAM'S STEEL OUTPUT AND SALES RISE IN H1 According to the Vietnam Steel Association (VSA), in June this year finished steel production in Vietnam totaled 2.46 million mt, increasing by 22.4 percent year on year, while the country's steel pro...
Ternium and GASA benefit from Mexico-US agreement on Brazilian steel The Mexican unit of the Italian-Argentinian Ternium and the Mexican steel company Grupo Acerero (GASA) are the two beneficiary companies of the agreement between Mexico and the United States to exclud...
87 percent of steel mills in Mexico can export steel to the US without section 232 tariff 87 percent of steel companies can export steel by complying with the new United States rule that exempts molten and cast steel from paying the tariff in the USMCA region, and for the remaining 13 perc...
India's Tata Steel to double steelmaking capacity with focus on domestic expansion India's Tata Steel Limited will double its total steelmaking capacity to 40 million mt per year, changing its global strategy that will see the share of domestic production rising to 75 percent of the...
How the Russia-Ukraine war has impacted on logistics routes and supply chains Supply Chains in EU and Ukraine total changed after 27 months of war Today geopolitics becomes the major challenge for supply chains. During last three years majority of logistics challenges were con...
China updates roadmap for achieving carbon neutrality in steel industry The country maintains the goal of reducing CO2 emissions in the steel industry by 40% in 2040 China’s Steel Industry Expert Committee on Low-Carbon Metallurgy has published a new report on achieving ...
Austria's Unger Steel contributes to decarbonization of steel construction industry Austria-based steel construction company Unger Steel Group has announced that it has begun to benefit from sustainable solutions such as green steel and clean energy during its operations in order to ...
UK Steel: Current electricity costs weigh down local steel industry The UK-based trade association UK Steel has discussed electricity costs for the local steel industry and their effects in its latest report. The association stated that wholesale electricity prices ha...
Global prices for hot-rolled coils declined in June The automotive industry and the production of household appliances in the EU have problems with sales of their products Global hot-rolled steel prices stagnated in most major regions in July. The mark...
High costs for electricity in the EU will remain in the transition to net zero Providing electricity at competitive prices will be crucial for preserving Europe's industrial base The European Union will still have higher electricity prices than the United States and China, even ...
Snam, Tenaris Dalmine and Tenova to test hydrogen-based steel production Within the scope of their collaboration, the leading European energy infrastructure operator Snam, the global leader in pipe manufacturing TenarisDalmine and the developer of green solutions for the m...
