European steel association Eurofer continues to lobby the European Commission to limit scrap exports as the industry moves towards decarbonization....
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China's recession will slow down steel market recovery in 2025
Rising demand in the EU and modest recovery in the US and Japan will put limited upward pressure on global steel prices in 2025....
Global stainless steel production increased 6.3% year-on-year to 30.4 million tonnes in the first 6 months of 2024
Global stainless steel production in January-June of this year increased by 6.3% compared to the same period last year - to 30.370 million tons from...
Chinese economic stimulus measures lead to higher steel prices
The recent rise in steel prices in China has prompted steelmakers in other parts of the world to step up their own higher bids....
The World Steel Association forecasts that global steel demand will fall by a further 0.9% to 1,751 million tonnes this year.
There have been significant downward revisions to the 2024 steel demand outlook for most major economies, including China, reflecting continued...
Metinvest has doubled exports from Black Sea ports and is looking for new opportunities in Europe
Operations in Ukraine are stabilizing, ports are working, and exports are doubling, company CEO Yuriy Ryzhenkov said in an interview with S&P...
Global steel production in July 2024 decreased by 4.7% compared to the same period the previous year.
According to the World Steel Association, global steel production in July amounted to 152.8 million tons...
Global steel production in June 2024 increased by half a percent to 161 million tons.
Steel production in 71 countries reporting data to the World Steel Association (Worldsteel) increased by 0.5% in June 2024 compared to the same...
Global stainless steel production increased by 5.5% - the USA became the growth leader
Global stainless steel production increased 5.5% year-on-year to 14.6 million tonnes in the first quarter of 2024....
Global steel exports up 6.4% in 2023
The most exported steel products in 2023 were hot-rolled sheets and coils, the largest exporting country in 2023 was China...
Worldsteel forecasts broad-based steel demand growth of 3.5% per annum
The World Steel Association (worldsteel) is one of the largest and most dynamic industry associations in the world, with members from all major steel...
Steel finds itself at the center of political debate in the United States during an election year
The outcome of the US presidential election and the prospect of lower interest rates later this year are likely to have a decisive impact on demand...
Iron Ore Goes on a Roller Coaster - Bloomberg
Iron ore quotes on the world's leading exchanges fluctuate across a wide range of prices due to the mixed picture of steel demand....
Financial support for Poland from the EU could revive the Central European steel market
The Eastern European country's steel industry could benefit from increased production activity if the Polish government manages to secure nearly 60...
Global steel production fell by almost 2% in January 2024
The drop was mainly due to a decrease in smelting in China and other Asian countries. The largest growth was demonstrated by the countries of the...
The rise in steel prices in Europe did not take place due to low demand
European buyers were not willing to significantly replenish stocks from local or foreign suppliers. The average distributor doesn't even buy at lower...
Five main market trends in the steel market in 2024 according to European analysts
European engineering company MEPS International has identified five key trends that will be critical to steel prices and market direction in 2024....
The EU hot-rolled steel market will enter 2024 with weak demand, higher production and uncertainty over trade measures
European hot rolled coil prices showed signs of recovery towards the end of 2023, but the basis for a continuation of this trend into 2024 appears...
Experts warn of rising geopolitical risks to critical minerals supply chains
Policymakers and private companies must work to diversify and create more sustainable global supply chains, noted at the Resource Tomorrow conference...
Exchange prices for iron ore in China are rising despite regulatory intervention
China's government planner said it will closely monitor changes in the iron ore market and will further tighten oversight of spot and futures trading...
Iron ore in Asia is becoming more expensive and will continue to rise in price - S&P
Iron ore prices in Asia hit an 8-month high on the back of solid performance and strong buying, as well as the investment policy of the Chinese...
Europe's steel sector faces recession in 2024
War, an unresolved energy crisis, high inflation and tightening economic conditions have created uncertain prospects for the European steel...
EU-US steel and aluminum talks: $10 billion deadlock
Failure of the parties to reach an agreement by October 31 will mean that $10 billion in export tariffs between the EU and the US will automatically...
European stainless steel makers move to US amid falling EU profits
As a result of recent events in the markets of Europe and the US, the difference in prices for stainless steel exceeded $1,350 per ton in favor of...
European steel market to be opened for imports - Salzgitter
Last year, the European Commission extended protective measures in the steel market in the form of import quotas for one year from June 2023, but now...
TOP-5 steel companies in the world in 2022
This detailed article will shed light on the world's leading steel companies and the countries in which they are headquartered. We will also discuss...
European prices for stainless steel products are about to touch the bottom - MEPS
As Europe's summer holidays begin, market participants believe that stainless steel prices are approaching the low end of the current cycle....
The largest US producers simultaneously increased prices for hot-rolled steel
ArcelorMittal steel mill in Alabama, integrated electric arc furnace steelmaker Nucor, and US Steel, the largest steel supplier in the United States,...
The World Steel Association has updated the rating of the largest steel companies
The World Steel Association (Worldsteel) is one of the largest and most dynamic industry associations in the world, with members from all major steel...
International Rebar Exporters Association is pessimistic about steel demand
The main driver of global steel demand, the People's Republic of China, will not be able to stimulate consumption growth this year due to the effects...
