Germany discusses new economic stimulus plan The plan proposed by the Minister of Economy envisages the creation of a fund to encourage investments German Minister of Economy Robert Habeck has presented plans to stimulate the country’s economy b...
Sukha Balka commissioned two units with reserves of 170 thousand tons in the fall Since the beginning of the year, the company has launched 9 units, the total reserves of which reach 1 million tons of ore Sukha Balka Mine, part of DCH Steel Group, has prepared and commissioned new ...
Voestalpine sells German steelmaker Buderus Edelstahl Mutares investment company became the buyer, the parties did not disclose the amount of the deal Austrian Voestalpine has completed negotiations on the sale of its German subsidiary Buderus Edelstahl....
Brazil was a net importer of finished steel products in September In September, Brazil exported 93,195 mt of finished steel products, with revenues of $78.720 million, and imported 382,252 mt at $278.838 million. This compares to exports of 101,800 mt at $84.5 milli...
EU starts registration process for HRC imports from four countries The European Commission has announced that it has started the registration process for imports of HRC from Egypt, India, Japan and Vietnam, which are subject to ongoing antidumping investigations. The...
Norway's Blastr Green Steel to supply ultra-low carbon steel to Knauf Interfer Norwegian decarbonized steel developer Blastr Green Steel has announced that it has signed a memorandum of understanding with European steel processing and distribution company Knauf Interfer to annua...
Russia extends long steel and pig iron export duty exemption until year-end The government of Russia has announced that it has decided to extend the export duty exemption for long steel and pig iron until December 31, 2024. Initially, the exemptions were valid until August 31...
European Commission to intensify efforts to tackle crisis in steel industry At the "Tackling the steel crisis: boosting competitive and sustainable European steel and maintaining quality jobs" session of the European Parliament's plenary debate held in Strasbourg, France, yes...
Ternium inspects AHMSA facilities The Mexican steel unit of the Italian-Argentine giant Techint, Ternium, began a due diligence on the facilities of the giant steel company Altos Hornos de México (AHMSA) paralyzed by insolvency since ...
US steelmaker sues Mexico for dumping and violating USMCA Zekelman, one of the largest independent steel pipe and tube manufacturers in the United States, filed a lawsuit in a US court against Mexico, accusing it of violating the USMCA and marketing steel at...
IMF forecasts global economic growth of up to 3.2% in 2024-2025 In 2024, GDP growth in the Eurozone is forecast by 0.8% The International Monetary Fund (IMF) forecasts global economic growth of 3.2% in 2024 and 2025. This is stated [1] in a new report of the Wor...
Global stainless steel production increased by 6.3% y/y in H1 2024 During the period, stainless steel output increased in most regions Global stainless steel production in January-June 2024 increased by 6.3% compared to the same period in 2023 to 30.37 million tons. ...
