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ArcelorMittal Raises Global Steel Consumption Forecast in 2021 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...

US and EU begin negotiations to contain China in the steel market

According to the US Department of Commerce, the negotiators agreed on a joint position on issues that negatively affect bilateral trade....

US Hot Rolled Steel Coil Prices Exceed $ 1,500 /Ton

In less than a year, steel quotes on the US domestic market have almost tripled....

Iron ore price to drop to $ 55 in less than a year - Australian government

Today, when prices for iron ore on Asian exchanges have exceeded the most daring forecasts of analysts and are above $ 200 per ton, the Australian...

Metallurgical giant ArcelorMittal reports its best quarter in a decade

ArcelorMittal profit before interest, taxes, depreciation and amortization for the first quarter was $ 3.24 billion. This exceeded all analysts'...

The current state of the market is ideal for the sale of rolled steel - IREPAS

IREPAS, the global long steel industry association, has an excellent outlook for the long steel market in the second quarter....

China increased export duties on rolled metal and zeroed import duties on raw materials

Thus, Beijing seeks to reduce the overproduction of steel in the country and the uncontrolled rise in prices for iron ore....

Hot rolled steel prices in the US close to $ 1,500 per tonne

This price is far beyond the "normal" for the past years and is already causing interruptions or reductions in industries down the supply chain....

Russian government prepares retaliatory measures against skyrocketing metal prices

The jump in metal prices at the border of 2020 and 2021 has caused complaints from builders and equipment manufacturers. Growth is also expected in...

ArcelorMittal Raises Hot Rolled Steel Prices in Europe Above € 1,000 /Ton

Experts point to a growing supply deficit for hot and cold rolled sheet steel in the EU, including a sharp rise in import prices....

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...

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