US STEEL KOSICE RESTARTS ITS BLAST FURNACE AMID STRONGER DEMAND Slovakia-based US Steel Kosice (USSK), a subsidiary of US Steel, has announced that it has recently restarted the blast furnace No. 2 on stronger demand from customers. The blast furnace was temporari...
RISKS TO THE STEEL MARKET FROM A SLOWDOWN IN CHINA'S ECONOMY An increase in Chinese exports leads to losses in local markets and, as a result, to an increase in the number of trade restrictions The Chinese economy is gradually changing, shifting from export exp...
VIETNAM INITIATES AD PROBE ON HDG FROM CHINA AND S.KOREA Vietnam's Ministry of Industry and Trade (MOIT) has announced that it has initiated an antidumping (AD) investigation on imports of HDG from China and South Korea. The investigation, which was launch...
China's crude steel output see rises in May, weakening support for prices In the January-May period this year, China's outputs of pig iron, crude steel and finished steel totaled 361.13 million mt, 438.61 million mt and 574.05 million mt, decreasing by 3.7 percent, decreasi...
EUROFER: URGENT CALL FOR ACTION ON NON-MARKET EXCESS CAPACITY IN STEEL INDUSTRY The European Aluminum and EUROFER, representing the aluminum and steel sectors in Europe, have issued a joint statement emphasizing the urgent need for progress in the Global Arrangement on Sustainabl...
Ind-Ra: Indian steel demand to rise by 9-12 percent in FY 2024-25 India Research and Ratings (Ind-Ra) has forecast a domestic steel demand growth of 9-12 percent in fiscal year 202 25, driven by user industries like automobile and infrastructure, the rating firm sai...
Vietnam’s steel imports up 20.6 percent in May from April In May this year, Vietnam [1] ’s steel imports amounted to 1,547,270 mt, up 20.6 percent compared to April, while its scrap imports went down by 27.4 percent month on month to 295,749 mt, according t...
UK Steel calls for policy support to boost competitiveness of steel industry The UK [1] -based trade association UK [2] Steel has stated that the country’s steel industry is battling sliding competitiveness and increasing imports, and it is calling for policies ahead of the...
Taiwan’s iron and steel export value down 10.7 percent in January-May In May this year, the value of Taiwan [1] ’s iron and steel exports moved down by 12.9 percent year on year to $1.43 billion, according to the statistics issued by Taiwan [2] ’s Ministry of Finance....
Ex-India HRC offers prices rise but only to Europe, most sellers still refrain from exports While most ex- India [1] hot rolled coil ( HRC [2] ) prices have remained stable in the majority of trade destinations, mainly amid negligible trade activity, export offers to Europe have indicated a...
MOC: Average steel prices in China down slightly during May 27-June 2 China [1] 's Ministry of Commerce (MOC) has announced that during the May 27-June 2 period this year the overall average finished steel price in China [2] decreased slightly. In the given period, t...
ICRA RAISES INDIAN STEEL DEMAND GROWTH FORECAST TO 9-10% IN FY 2024-2025 Indian rating agency ICRA has revised upwards its Indian steel demand growth forecast for the fiscal year 2024-25 to 9-10 percent, higher than 7-8 percent earlier, according to a statement by the agen...
