Thyssenkrupp sells its electrical steel business in India The amount of the deal is approximately €400 million German steelmaker Thyssenkrupp Steel has announced [1] that it has sold its Indian subsidiary, Thyssenkrupp Electrical Steel India. The deal is w...
China will reduce steel exports to 90-100 million tons in 2025 – analysts In 2024, the indicator is expected to be at the level of 110 million tons China’s steel exports in 2025 are expected to reach 90-100 million tons, down from 110 million tons forecast for 2024. Despite...
EU imported 3.9 million tons of steel raw materials from Russia in January-August Semi-finished steel products, direct reduced iron and pig iron account for the bulk of the volume In January-August 2024, the European Union (EU) imported 3.9 million tons of metallurgical raw materia...
Turkey’s Erdemir to test hydrogen injection into blast furnace No. 1 The tests will be conducted in cooperation with Erdemir Engineering and the Irish Linde Turkish steelmaker Erdemir, part of the OYAK mining and metals group, has announced that it will test hydrogen i...
Italy reduced steel production by 8.4% y/y in September The production of rolled products fell by 5.4% y/y, and the production of flat products fell by 9.1% y/y. In September 2024, Italian steelmakers reduced steel production by 8.4% compared to the same p...
Businesses are concerned about the lack of communication regarding bookings The Ministry of Defense has initiated an audit of critical enterprises, the companies point to the destabilization of work Ukrainian businesses are concerned about the lack of communication regarding...
Ukrainian steel products consumption decreased to 2.4 million tons in January-September More than 38% or 927 thousand tons are imported In January-September 2024, Ukraine reduced the consumption of steel products (rolled and semi-finished products) by 6.9% compared to the same period in ...
EUROFER calls for urgent action to save European steel industry The industry is experiencing its worst period since the financial and economic crisis of 2009 The European Steel Association (EUROFER) called for urgent action to save steel industry in Europe. This ...
China should use a number of levers to accelerate steel industry green transition– CBI Nearly 80% of China's coal-fired blast furnaces will need to be closed or reinvested by 2030 This decade is crucial for the Chinese steel sector’s transition to the goals set out in the Paris Agreemen...
Steel demand in Germany will not recover in 2024 – WV Stahl In the current year, according to the forecast of Worldsteel, the demand for steel in the country will fall by 7% Demand for steel in Germany will not recover this year, and its weak development refle...
The UK is launching a new industrial strategy The industrial strategy and the National Welfare Fund should support the country's industrial base The UK Government is launching a new Industrial Strategy and National Prosperity Fund to provide stab...
Iron & steel industry of Ukraine will be the most hit by EU CBAM Exports of pig iron, billets and long steel products can stop after 2030 According to the research “How EU CBAM could weaken economy of Ukraine” [1] , 93% of Ukrainian exports which falls under CBAM ...
