China's Hisense Group to build largest refrigerator plant in Mexico after China with $250 million Hisense Group, a Chinese manufacturer of household appliances and electronic products, has a $250 million investment program in Mexico to expand its operations and turn Mexico into the largest produce...
Singapore's Green Esteel to acquire controlling stake in Malaysia's Southern Steel Singapore-based steel producer Green Esteel will buy a 50.1 percent stake in Malaysia-based Southern Steel for MYR 315.9 million ($72.13 million), according to a statement by Southern Steel. If the tr...
EU steel distributors face weak demand – EUROMETAL The sector has expectations for stabilization or a slight increase in prices Steel distributors in the EU are facing weak demand, but there has been a marked change in price expectations. This is evi...
EU increased steel exports to third countries by 6% y/y in January-July – EUROFER Exports of rolled products increased by 7% y/y, including flat products by 8% y/y, and long products by 6% y/y In January-July 2024, steel enterprises of the European Union increased steel exports (ro...
Poland will require a strategic solution to decarbonize steel industry – analysts Currently, the steel sector of the country is facing a number of problems The Polish economy will require a strategic decision to decarbonize the steel sector. Find out more about this from the analy...
Coking coal prices rose in October amid China’s incentives Traders doubt the long-term effect of Beijing's stimulus policy The coking coal market has shown some optimism since the end of September amid the stimulus announced by Beijing, but is in a state of u...
Alacero: Steel consumption in Mexico will fall 5.0 percent in 2024 and grow 6.7 percent in 2025 Consumption of finished steel products in Mexico will decrease by 5.0 percent, year over year, in 2024 and by 2025 it will grow by 6.7 percent, according to estimates and projections from the Latin Am...
MOC: Average steel prices in China see slight decreases during Oct 21-27 China's Ministry of Commerce (MOC) has announced that during the October 21-27 period this year the average finished steel prices in China indicated a slightly decreasing trend. In the given period, t...
EU cuts imports of steel products by 7% y/y in January-July – EUROFER Imports of rolled steel increased by 7% y/y In January-July 2024, the European Union reduced imports of steel products (rolled products, semi-finished products) from third countries by 7% compared to ...
Volkswagen calls for a 10% reduction in salaries **In this way, the company seeks to maintain competitiveness** German automaker Volkswagen is calling on its employees to take a 10 percent pay cut. In this way, the company seeks to maintain its comp...
Interpipe set up more than 200 new types of pipes for the EU market over the past 2 years The company is studying the European market, where there are many niches and unique customer requests Over the past 2 years, the Ukrainian industrial group Interpipe has mastered more than 200 new typ...
The British government has confirmed the introduction of CBAM in 2027 The mechanism will put a carbon price on imported goods from a number of sectors The UK government has confirmed that the country’s cross-border carbon adjustment mechanism (CBAM) will be launched in ...
