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World Steel Association predicts a good year for metallurgists

While there is hope that the worst part of the pandemic is over, significant uncertainty remains over the global economic recovery by the end of...

The first quarter of 2021 did not bring expected production growth to Ukrainian metallurgists

Record high steel prices at the beginning of the year failed to force Ukrainian metallurgists to increase steel production and production of finished...

World Steel Association defines green steel and its variations

Worldsteel believes that the term “green steel” is inappropriate to define the environmental impact of the steel industry....

China unlikely to cut steel capacity in 2021 due to high steel prices

Rising steel production margins are spurring Chinese steel mills to increase steel production, offsetting government officials' efforts to cut...

Global steel production up 6.6% in the first two months of 2021

In the top ten countries, production grew in China, Korea, Turkey, Brazil and Iran, and fell in Japan, India, the United States, Russia and Germany....

British analysts have named the date of the upcoming fall in steel prices

Steel coil prices in Europe are expected to reach a record high and peak in this cycle in late August /early September....

ArcelorMittal Raises EU Steel Prices Again Today and Withdraws All Previous Bids

European buyers are desperate for supplies of sheet steel and galvanized steel, agreeing to wait until September-October at sky-high prices....

Ukrainian steel mills reduced steel exports, increasing shipments to the domestic market

The capacity of the domestic steel market in Ukraine in January-February 2021 increased by 18.7%, while the share of the import component decreased...

World stainless steel production declines 2.5% to 50.9 million tonnes in 2020

This is the first decline in global production after four years of consistent growth. In the major stainless steel producing countries, only China...

US steel prices continue to rise due to supply shortages

The price increases are supported by steelmakers who are limiting production and increasing lead times....

World stainless steel production fell for the first time in 5 years

Stainless steel production declined in all countries of the world except China and Indonesia, which were able to increase production despite the...

Global steel production up 4.8% in January 2021 - Worldsteel

Worldsteel represents steel producers, national and regional iron and steel associations and steel research institutes. Members represent about 85%...

China sets new record for daily steel production during February weekend

This year, the Lunar New Year holiday in China was celebrated on February 12th. The official weekend in the country was announced from 11 to 17...

Global iron ore production growth to outstrip cumulative production in India and Russia - Fitch

Fitch forecasts global iron ore production to grow at an average 2.4% in 2021-2025. compared with a negative 2% in the previous five years....

Australian metallurgists have decided to postpone the transition to hydrogen technology for 20 years

Australian steelmaker BlueScope Steel will begin work on the scheduled reflining of its blast furnace at its Port Kembla steel plant because it does...

ThyssenKrupp refused to sell its steel mills to British Liberty Steel

Sanjeev Gupta lost the first-ever race for distressed metallurgical assets....

ArcelorMittal predicts 5% growth in global steel demand in 2021

The world's largest steel company expects 2021 to be “another year of progress” and a year of significant growth in steel sales....

S&P Global Platts predicts first drop in domestic steel demand in China in 5 years

A drop in demand may cause a revival of previously shutdown capacities producing cheap and low quality steel, launching a new round of overproduction...

US Steel Price Bubble Cracked: Coil Prices Fall For First Time Since August

Metallurgical plants in the United States are hastily reducing capacity, but they are unlikely to be able to support the unprecedented rise in prices...

British analysts note "bearish" sentiment in the global steel market

Bearish sentiment has become increasingly dominant in regional markets as the Lunar New Year celebrations draw near, marking the Chinese Year of the...

The price bubble in the US steel market has inflated to its maximum - the only question is when it will burst

For the first time since the beginning of August last year, prices on the US steel market have not increased, and deadlines for rolling orders have...

Global steel production down 0.9% in 2020 - World Steel Association

In total, in 2020, 64 steelmaking countries smelted 1 billion 829.140 million tons of alloy, which is 0.9% less than in 2019....

Steel production in Ukraine in 2020 decreased by 1.4%

In 2020, at the height of pandemic restrictions, steel production in Ukraine fell by almost 30% compared to the same period in 2019....

Hot rolled sheet prices in the US topped $ 1,000 per ton for the first time in history

Hot rolled coil prices in the United States ended the year at record levels amid continued supply shortages....

Ukraine's economy returned to pre-pandemic indicators and will grow by 5% in 2021

Prime Minister of Ukraine Denis Shmyhal spoke about “billions of hryvnias” of state support for industrial growth, exports and employment provided in...

World steel production in November increased by 6.6%

Ukraine has shown the largest growth in steel production in annual comparison. Almost every country in the world, with the exception of Korea and...

Procurement of scrap metal in Ukraine will decrease, and purchase prices will rise sharply - UAVtormet

Since the beginning of December, purchase prices for scrap in Ukraine have increased by almost 1,000 hryvnia per ton....

Panic reigns in European steel market over supply shortage

Overheating of the market could have dire consequences for distributors who buy rolled metal at inflated prices after steel prices return to normal...

Hot rolled sheet prices in the US are ready to surpass the $ 1000 per tonne mark

Hot rolled coil (HRC) prices in the US are up again this week as mills are unable to keep up with skyrocketing steel demand....

Severstal expects rapid recovery of the steel market after the pandemic

The metallurgical industry is able to quickly recover and respond to positive changes in the environment, the CEO of Severstal believes....

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