EUROFER downgraded its forecast for apparent steel consumption in the EU in 2024 to -1.8% y/y Expectations regarding the growth of the indicator in 2025 have also been reduced to +3.8% y/y EUROFER, the European steel association, expects apparent steel consumption in the EU to decline by 1.8% ...
Nucor raises HRC prices by $20/t The base HRC price reached $740 per short ton American steelmaker Nucor has announced an increase in its weekly spot price (WSP) for hot-rolled coils by $20 per tonne compared to the previous week, up...
Inflation expectations in the euro area fell to a three-year low in September – ECB Economic growth expectations for the year ahead were stable Inflation expectations in the eurozone continued to decline in September, falling to a three-year low. This is evidenced by the data [1] o...
Kazakhstan extends ban on scrap exports for six months The ban will take effect from November Kazakhstan has extended the ban on exports of ferrous and non-ferrous scrap and waste for another six months starting November 2. This is stated in the relevant ...
EU has started the process of registering imports of hot-rolled steel from four countries This step will allow anti-dumping duties to be levied retroactively if necessary The European Commission has announced that it has started the process of registering imports of hot-rolled steel from E...
Crisis in the EU steel industry – politicians are intensifying efforts to help the sector Representatives of the Ukrainian steel sector expect that the Ukrainian authorities will also pay more attention to the problems of the sector /European steelmakers continue to lobby for the sector’s ...
The US reduced imports of rolled steel by 8% m/m in September Total steel imports for the month fell by 10.3% m/m In September 2024, US metallurgical enterprises reduced imports of rolled metal products by 8% compared to August this year, to 1.69 million tons. T...
Steel companies will return to suspended decarbonization plans that will reflect the post-war reality after the war Ukrainian steel companies have certain expectations regarding the application of Part 7 of Article 30 of the CBAM Regulation to Ukraine /After the start of Russia’s full-scale invasion, Ukrainian stee...
Kametstal produced more than 4,000 tons of SVP-27 shaped profile in September The products were shipped to Pokrovsk miners In September 2024, the Kametstal steel plant produced more than 4,000 tons of SVP-27 grade shaped profile. The products were shipped to Pokrovsk miners, th...
Turkish Erdemir increased steel production by 32% y/y in 9 months Production of flat rolled products in January-September amounted to 5.2 million tons The Turkish steel producer Erdemir increased its steel production by 32% year-on-year – to 6.6 million tons in 9 mo...
France reduced steel production by 8.7% m/m in September In January-September, French steelmakers increased steel production by 9.9% y/y In September 2024, steel enterprises of France reduced steel production by 8.7% compared to the previous month – to 1.03...
India may face iron ore shortage in 2031 The demand for this raw material in the country will grow due to the increase in steel production India may face iron ore shortage in 2031. This was announced by market participants at a specialized c...
