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. ...
Imports of flat products to Ukraine increased by 11.3% y/y in January-September The main supplier of products is Turkey In January-September 2024, Ukraine increased imports of flat products by 11.3% compared to the same period in 2023, to 735.79 thousand tons. This is evidenced ...
Liberty Ostrava resumes production of some items Currently, the company works according to the tolling scheme Czech steelmaker Liberty Ostrava, a subsidiary of British Liberty Steel, which is up for sale, has resumed production of rebar and road fen...
Turkey increased steel production by 6.5% y/y in September In January-September, production increased by 13.8% y/y In September 2024, steel enterprises in Turkey increased steel production by 6.5% compared to the same period in 2023, to 3.09 million tons. The...
Emissions in China’s steel industry increased by 4.2% y/y in January-August Emissions of sulfur dioxide per ton of steel were 0.19 kg/t, solid particles – 0.21 kg/t, nitrogen oxide – 0.34 kg/t Total emissions in China’s steel industry in January-August 2024 increased by 4.2% ...
POSCO to invest $88 billion in emission reduction projects by 2030 The company will invest $21.2 billion of this amount in environmentally friendly steel South Korean steelmaker POSCO has unveiled plans to invest 121 trillion won ($88 billion) by 2030, including 45 t...
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...
