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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...

US steel market expects further price cuts despite stable demand - S&P

Prices for flat-rolled steel in the US will fall, according to three-quarters of market participants surveyed by S&P Global Commodity Insights....

Price expectations of steel producers in the EU are not supported by the market - MEPS

Since December last year, European flat steel producers have successfully implemented regular price increases. Unattractive import offers have...

Worldsteel: Megatrends and their impact on the global steel industry

Baris Çiftçi, director of industry analysis at Worldsteel, analyzed the current trends affecting the global steel industry and shared his vision of...

World Steel Association: Crude steel production down 3.3% in January 2023

Global steel production in 63 countries reporting to the World Steel Association (worldsteel) amounted to 145.3 million tons (Mt) in January 2023,...

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...

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