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Moody's expects 2.5% growth for Turkey's economy in 2024
International credit rating agency Moody's [1] has reported in the February issue of its global macroeconomic outlook 2023-2024 report that the economic growth of G-20 countries will stabilize at sl...
3月 5, 2024
0 2828
News


Brakes India will invest $70 million in Mexican ferrous foundry plant
Brakes India, based in Chennai, India, announced the investment of $70 million for the construction and equipment of a ferrous foundry plant in the central Mexican state of Aguascalientes, the state g...
2月 29, 2024
0 3627
News


$35 billion UAE investment in Egypt to boost local steel demand in mid-term
Egypt has announced a large UAE-backed investment in Egypt for the development of a large promising stretch of the country's Mediterranean coast, which is expected to benefit the country greatly. In t...
2月 27, 2024
0 3300
News


Indian steel companies submit bids in ongoing coal mine auction
Indian steel companies JSW Steel Limited [1] , Sunflag Iron and Steel Limited [2] and Tata Steel [3] are among the 27 bidders in the ongoing auction of coal mines, a ministry of coal statement sa...
2月 22, 2024
0 3031
News


Goldman Sachs: EU's CBAM could significantly hit China's steel exports
The European Union's carbon tax under its Carbon Border Adjustment Mechanism (CBAM) that will enter into force from 2026 could significantly affect China's steel and aluminum exports, according to a r...
2月 20, 2024
0 2901
News


Turkey’s Isdemir to build solar power plants in Diyarbakir and Çorum
Turkey's Ministry of Environment and Urbanization has announced that the environmental impact assessment (EIA) application made by Turkish steelmaker İskenderun Demir Çelik A.Ş. (İsdemir) for its sola...
2月 7, 2024
0 3304
News


Mexico's Conduit Rymco will produce steel tubing for aeronautics and automotive
Conduit Rymco, a Mexican producer of steel tubing for the electrical and construction industry will build a 15,000-square-meter plant to serve the aeronautical and automotive industries with an invest...
2月 2, 2024
0 2955
News


India to hike subsidy corpus for green hydrogen adoption by domestic steel mills
The Indian government is committed to allocating higher subsidies for use of green hydrogen by the domestic steel industry from the current corpus of $54.7 million, Indian minister for new and renewab...
1月 29, 2024
0 2640
News


Ukraine's Sukha Balka produces 931,000 mt of iron ore at restarted Frunze mine in 2023
Ukraine's Sukha Balka [1] , a key player in the country's iron ore mining sector and a part of the DCH Group, has proudly declared a significant achievement with the production of 931,000 metric tons...
1月 16, 2024
0 2816
News


Thyssenkrupp CEO: Germany needs to extend hydrogen network in Europe
Thyssenkrupp [1] CEO, Miguel López, has emphasized the strategic significance of extending the hydrogen network in Europe, particularly through the construction of new pipelines connecting southern E...
1月 16, 2024
0 2949
News


POSCO completes construction of electrical steel sheet plant at Gwangyang
South Korea's renowned steel manufacturer, POSCO [1] , has successfully concluded the initial phase of construction for its cutting-edge non-oriented electrical steel sheet plant at Gwangyang Steel W...
1月 16, 2024
0 3230
News


IDDMIB: Turkey must revoke antidumping duty on stainless steel
Fikret Kaya, a member of the supervisory board at the Istanbul Ferrous and Non-Ferrous Metals Exporters' Association (IDDMIB), has strongly advocated for the removal of the eight percent antidumping d...
1月 5, 2024
0 2893
News
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