Growth in Chinese exports leads to a drop in global steel prices China's growing manufacturing capacity threatens emerging economies The growth of Chinese exports is leading to a drop in global steel prices, and overproduction in China continues. This is reported...
Global steel production fell by 2.2% m/m in June Steel production in the 71st country for the month amounted to 161.4 million tons Global steel production in June 2024 increased by 0.5% compared to the same month in 2023 to 161.4 million tons. The ...
Production of pellet in Mexico sees worst recession in history The production of pellet in Mexico decreased 4.4 percent in May, year-over-year, to 446,527 metric tons (mt), marking a 17th consecutive contraction and constituting the worst production recession in ...
Emissions in China’s steel industry increased by 5.9% y/y in January-June Emissions of sulfur dioxide per ton of steel were 0.2 kg/t, solid particles – 0.21 kg/t, nitrogen oxide – 0.35 kg/t Total emissions in the Chinese steel industry in January-June 2024 increased by 5.9...
Italy's Cogne Acciai Speciali uses 100% renewable electricity at all its European plants Cogne Acciai Speciali, one of the leading steel producers in Italy, has announced that all its plants in Europe are using 100 percent renewable electricity since January 2024. "We are proud to announc...
ArcelorMittal Mexico reaches agreement to end strike ArcelorMittal (AM) Mexico reached an agreement Thursday evening, July 18, to end the 55-day strike that began on May 24, 2024. Located in Lazaro Cardenas, in the Michoacán state, the steelmaking and m...
South Africa criticises UK plans to introduce CBAM analogue South Africa notes that this step may contradict WTO rules South Africa has told the UK that its plans to introduce a cross-border carbon tax on imported goods would deepen global inequality. It is ...
Milaha to provide stevedore services for Qatar Steel's shipments Qatar-based maritime and logistics solutions provider Qatar Navigation (Milaha) has announced that it has signed a five-year agreement with local steelmaker Qatar Steel to provide stevedore services t...
Metinvest Pokrovskugillia is preparing to launch a longwall with 2 million tons of coal reserves Lava has an excavation field length of 3 km, the total length is 284 m, and the layer thickness reaches almost 2 m Pokrovsk Coal Group, a part of Metinvest Group, is preparing to launch a new longwal...
Tata Steel successfully uses biomass in ferrochrome production India's Tata Steel has successfully conducted trial use of biomass in ferrochrome production as an alternative to traditional carbon energy sources at its Odisha ferrochrome plant, a company statement...
Brazil was net importer of finished steel products in June In June, Brazil exported 63,500 mt of finished steel products with revenues of $55.7 million, while importing 248,100 mt at $197.5 million. This compares to exports of 302,600 mt at $219.3 million and...
Rio Tinto ships four billionth mt of iron ore from Pilbara to China Australia-based miner Rio Tinto has announced that it has shipped its four billionth mt of iron ore from its Pilbara operations in Western Australia to China, over a period spanning 51 years. Today, J...
