Asian steel prices will have limited support in Q3 – S&P Global The reasons are weak seasonal demand and problems with exports In Q3 2024, Asian steel markets will receive limited support due to weak seasonal demand, as well as the persistence of negative forecast...
Hyundai Steel and SeAH Steel collaborate on carbon-reduced plate and pipe South Korean steelmakers Hyundai Steel and SeAH Steel have collaborated in producing carbon-reduced steel plates and tubular structures for offshore wind power infrastructures in face of rising demand...
Around 2,000 housing construction projects stalled across Indian cities Nearly 2,000 housing projects across 42 Indian cities are currently stalled impacting around 508,000 housing units indicating challenges to the real estate sector, according to a report of Proequity, ...
US imposes new sanctions, Russia's coal and steelmaking sectors targeted The US Department of Treasury and the Department of State have announced more sanctions on about 400 companies and individuals that are believed to support the invasion of Ukraine and help Russia evad...
India launches review of national steel policy to incorporate decarbonisation strategy India's ministry of steel has launched a review of the seven-year-old national steel policy (NSP) to incorporate a decarbonisation strategy for domestic mills in reaction to the European Union's (EU) ...
Automotive industry could become a leading market for green steel in Europe This can happen if the relevant requirements are established by the legislators The automotive industry could become the leading market for low-carbon steel in Europe if legislators set appropriate re...
BBVA: Manufacturing production in Mexico will gradually recover in 2025 The weakness in Mexico's manufacturing industry, which contributes 20 percent of Mexico's GDP ($1.86 trillion), will extend to the second half of the year and will last until next year, predicted the ...
Ouyeel Lianjin puts scrap processing line into operation Leading Chinese steelmaker Baowu Group's scrap metal subsidiary, Shanghai-headquartered Ouyeel Lianjin Renewable Resources (Ouyeel Lianjin), has announced that it has put into operation a new scrap st...
Japan's Sumitomo Corp to contribute to offshore wind power generation in Europe Japan-based electric services company Sumitomo Corporation has announced that it will buy a stake in Germany-based EEW Offshore Wind EU Holding (EEW), which specializes in monopiles or large diameter ...
Australia's Cokal to produce PCI coal at BBM mine Australian miner Cokal has announced that its Indonesian subsidiary PT Bumi Barito Mineral has signed a binding term-sheet agreement with Indonesian coal mine developer PT. Cipta Bersama Indonesia (CB...
Japan's Mitsui to begin electrical steel sheet production in Poland Japan-based Mitsui & Co., Ltd. has announced that it will invest about JPY 3.4 billion ($23.22 million) to establish Polska-Mit Steel (PMS) in Poland, a new electrical steel sheet processing company, ...
Voestalpine to meet demand from truck manufacturers with new investment in US Austrian steelmaker Voestalpine AG has announced that its metal forming division, which specializes in high-tech special tubes and sections production, has inked long-term supply contracts with two gl...
