Eurofer expects EU steel demand to fall 4.6% in 2022 and 1.6% in 2023

Some recovery in steel demand in the European Union is expected no earlier than 2024, subject to the end of the war in Ukraine and the alignment of...

World steel production in December 2022 collapsed by 10%

The largest drop in production at the end of 2022 was shown by the EU countries (27), which produced 9.2 million tons of steel, which is 16.7% less...

European steel price rise that began in January will be short-lived - MEPS

By mid-January, several large European steel producers announced significant price increases to the market, citing cost increases. Distributors are...

China's crude steel production in 2022 falls for the second year in a row

Chinese steel production is forecast to recover between the end of February and March. However, the recovery in steel demand this spring is likely to...

Europe introduces border tax on carbon emissions

After late-night negotiations, the European Union approved a political deal early on Tuesday to impose a carbon tariff on imports of polluting goods...

U.S. tariffs on steel and aluminum imports violate international trade rules - WTO

The World Trade Organization Commission has determined that US tariffs on steel and aluminum are inconsistent with international trade obligations...

World steel production in October remained at the level of last year

Global crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) was 147.3 million tonnes (Mt) in October...

China sharply increased steel production in September year-on-year

World steel production increased by 3.7% in September, mainly due to a sharp increase in smelting in China. In general, since the beginning of the...

Global steel demand falls and will fall by 2.3% in 2022: WorldSteel

A global recovery in steel demand next year is still expected, driven primarily by higher infrastructure spending, but growth of 1% instead of the...

London is disappointed with the plans of metallurgists to leave the British business and asks for negotiations

High electricity prices make it pointless to produce steel in the UK, but the shutdown will cause mass layoffs in the depressed regions of the Foggy...

Ferrous metallurgy enterprises stop in Ukraine due to problems with electricity

Electricity is the main component of the cost of ferroalloy enterprises, whose leaders announced the suspension of capacities for an indefinite...

European Council bans imports of Russian semi-finished steel under new package of sanctions

Despite the resistance of metallurgical enterprises and traders, the EU included in the eighth package of anti-Russian sanctions a ban on the import...

EU plans additional sanctions against Russian metallurgy

The European Commission is considering a ban on the import of semi-finished products from Russia in addition to finished steel products, despite the...

Moody's changed the outlook for the global mining industry to "negative"

Mining profits and prices will be higher than in pre-pandemic years, but below the record high seen in early 2022, analysts say....

European non-ferrous metal producers demand action on rising energy prices

European energy consumers are forced to pay ten times more for electricity and gas than last year, making their production unprofitable, and if the...

ArcelorMittal raises European steel prices on rising energy prices

The largest steel producer in the European Union was one of the last metallurgists to announce an expected increase in steel prices due to soaring...

Gas supply problems paralyze steel market in Europe – MEPS

Uncertainty is growing on the steel market in Europe. However, Polish and Czech producers are likely to be hesitant to make further price concessions...

The World Steel Association notes a sharp drop in steel production in Russia and Turkey

According to Worldsteel estimates, in July 2022, Russia produced 5.5 million tons of steel, which is 13.2% less than in July 2021. The decline in...

Japanese Tokyo Steel cuts prices due to weak demand

Japanese steelmaker Tokyo Steel today announced the first domestic steel sales price cut this year, driven by continued weak global steel demand....

Russia may cancel the excise tax on liquid steel amid a two-fold drop in prices

The zero excise rate for smelted steel may start to be applied in the event that prices for slab fall below 30,000 rubles. Such a decision will be a...

World steel prices have moved from a protracted fall to growth

Steel prices slightly up on maintenance shutdowns and China trade data....

Losses in the production program of NLMK since the beginning of the year exceeded 1 million tons of steel

According to the forecasts of the chairman of the board of directors of the largest metallurgical company in the Russian Federation, Russian...

Losses from steel production in China exceeded $100 per ton - S&P

According to S&P Global, the profit margin on sales of hot-rolled steel in the Chinese domestic market fell from minus $37 per ton to minus $102...

The European Commission predicts historically high inflation in the euro area at 8.4%

Inflation is projected to peak at 8.4% yoy in the third quarter of 2022 in the euro area, before declining steadily to fall below 3% in the last...

The global steel industry will face its worst quarter since the 2008 crisis

The London Metal Exchange Index has fallen 23% since the end of March. This will be the first quarterly decline for the entire index since the start...

High iron ore shortage could halt metallurgy's green transition

Steelmakers are increasingly touting efforts to reduce carbon emissions, but the availability of high-quality iron ore raw materials may become an...

European and Turkish metallurgists curtail steel production amid weak demand

Steel and rolling mills in the region are cutting production, and traders who stocked their warehouses with metal this spring are struggling to sell...

Steel production in Russia will fall by at least 15% - the opinion of market participants

International sanctions applied against Russia in general and directly against some steel producers have greatly affected their positions in the...

Russian metallurgists stop production due to the strengthened ruble

Russian metallurgists have warned the government about losses and a forced reduction in production if taxes on the industry are not reduced and the...

World steel production fell by 5.2% in April

China produced 92.8 million tons of steel in April 2022, down 5.2% from April 2021. India produced 10.1 million tons, up 6.2%. Japan produced 7.5...

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