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Scarcity of computer chips halted the rally in steel prices

Metallurgical plants focused on the automotive industry are now forced to look for new customers, redirecting steel volumes to the common market....

Steel market capacity in Ukraine increased by 16% amid a decrease in imports of metal products

In January-September 2021, Ukrainian metallurgical enterprises produced 14.49 million tons of rolled metal, which is 5.6% more than in the same...

The shutdown of the UK metallurgical plants could bring down the pound sterling

British industrial enterprises will begin to close in a few weeks due to rising production costs in the hope of a further decline in energy prices....

ArcelorMittal requires customers to pay extra € 50 per tonne of steel due to rising electricity prices

The decision by Europe's largest steelmaker to introduce surcharges follows a similar move by British steel, which raised steel prices by £ 30 per...

European steel mills plan to raise steel prices in October

The cost of electricity for the production of rolled metal in the EU continues to grow, and metallurgists intend to shift the record high energy...

The metallurgical lobby and the people's deputies of Ukraine demand a moratorium on the export of scrap from Zelensky

Volodymyr Zelenskyy is asked to instruct the Cabinet of Ministers and the Ministry of Economy to take all measures to introduce a temporary ban on...

World iron ore prices are already below $ 100 per ton

The main factor behind the fall in prices for metallurgical raw materials was the steps of China, which buys about two-thirds of the world's marine...

Metinvest starts practical implementation of a billion dollar metallurgical project

The modern rolling complex in Mariupol will expand the product range of the Ilyich plant, which means it will increase the company's competitiveness...

The growth of foreign exchange earnings to Ukraine from the export of ferrous metals amounted to 75% in 8 months of 2021

The largest consumers of Ukrainian steel and rolled metal products in January - August 2021 were Europe and Africa....

US Hot Rolled Coil Price To Exceed $ 2,000 - MEPS

An improved chip supply situation will lead to a significant increase in production at auto plants, which are the main consumer of hot rolled steel...

Global steel production up 3.3% on the back of a significant reduction in smelting in China

Steel production in China, according to the World Steel Association, in July 2021 decreased by 8.4% year-on-year....

Volvo buys world's first fossil-free steel

SSAB produced the world's first fossil-free steel and delivered it to the customer....

ArcelorMittal Raises Global Steel Consumption Forecast in 2021 up from 5.5% to 8.5%

The largest steel company in the world announced the best profit in 13 years and said that it will be even better, as all order books are filled for...

World steel production up nearly 12% in June - Worldsteel

In six months, global steel production increased by 14.4%, exceeding a billion tons....

ArcelorMittal will overtake McDonald's Corp. in revenue this year. and PepsiCo Inc.

The pandemic turned out to be the best time for the steel business. Steel prices have skyrocketed worldwide this year, breaking record after record....

Ukrainian metallurgists summed up the results of the industry in the first half of 2021

Steel production increased by 7.4%, finished metal products output - by 6.6%. Pig iron smelting also increased - by 8.0% and the output of pipe metal...

European Commission Reveals Details of CBAM's Carbon Borders Mechanism

The European Commission has presented an environmental plan EU Green Deal, involving the introduction of a carbon tax on imports of steel, aluminum...

Ukraine and the European Union signed a Memorandum on the supply of strategically important raw materials and metals

This new chapter in EU-Ukraine cooperation will not only strengthen political ties between countries, but also open up a wide range of opportunities...

US Hot Rolled Steel Prices Exceed $ 1,800 /Ton

The difference in the price of scrap metal and finished metal products increased to $ 1,230 per tonne, which is six times higher than the level of...

World iron ore prices will not fall below $ 100 until the end of 2022 - Australian government

The Australian government has radically revised its iron ore price outlook, making a softer landing over the next 2.5 years from its current peak of...

The decision of the Russian Federation to restrict the export of steel provoked an instant reaction from producers in Europe

Immediately after the Russian government announced the introduction of export duties on steel from August 1, the largest steel producer in Europe,...

World steel production soars to record 174 million tonnes in May

The World Steel Association reported significant growth in steel production in May 2021 across all regions of the world....

China will start selling metals from the state reserve to stabilize the rise in commodity prices

The consignments of copper, aluminum and zinc in the state reserve of the PRC will be sold through public trading on the exchange....

The European Union issues the first patent for steelmaking using hydrogen and biogas

Voestalpine has developed an industrial-scale fossil-free steelmaking process and obtained intellectual property rights for this process from the...

G7 leaders decide to withdraw support from the coal industry by the end of 2021

For the first time, all G7 leaders have agreed to agree on their long-term and short-term climate targets, with global warming to be limited to 1.5...

European Union extends protective quotas on steel supplies for another three years

In 2018, the European Union set for different countries of the world the volume of quotas for the import of metal products, in case of exceeding...

The carbon tax on imported steel in the European Union will begin to be levied in 2023

Exemptions from the carbon tax when goods cross the EU border can be obtained by countries with a similar European emissions trading system or the...

US Hot Rolled Coil Prices Exceed $ 1,640 /Ton

The delivery time for steel on order in the USA has increased to 9 - 12 weeks, depending on the range of steel products....

Goldman Sachs no longer views China as the center of commodity pricing

The bank motivates this by the fact that the pace of recovery in demand in developed markets suggests that China as a buyer has been ousted by...

Italy conducts the world's first industrial hydrogen testing in a metallurgical process

A 70: 30 mixture of methane and hydrogen has been used in the forging processes used in industrial steel production at a plant in the province of...

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