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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...

Ukrainian exports of pig iron and semi-finished steel decreased by one and a half times

In the first four months of this year, Ukraine lost about half a billion dollars in export earnings from the sale of pig iron and semi-finished steel...

US suspends 25% duty on steel imports from Ukraine for a year

The decision to suspend duties on the import of Ukrainian steel, introduced by Donald Trump in 2018, was taken by Washington to demonstrate support...

ArcelorMittal predicts fall in global steel demand due to war in Ukraine

A bleaker outlook for steel consumption came after the International Monetary Fund cut its global growth forecast last month....

WTO sides with Turkey in dispute with EU over steel supplies

A three-member WTO panel agreed with Turkey's view that the European Commission has failed to prove that steel imports have risen due to unforeseen...

Metinvest does not abandon plans to produce "green" steel in Mariupol - CEO

Mariupol metallurgical plants can be restored and restarted by launching new technologies for smelting iron and steel, which were planned to be...

Europe throws Ukraine an economic lifeline in the form of zero import duties

The European Commission initiated the cancellation for a period of one year of any import duties on all products originating from Ukraine, which are...

Exchange prices for iron ore and steel fall sharply due to events in China

Prospects in the near future look unreliable with expectations of more disease detection and the impact on economic conditions may be longer lasting....

World steel production in March fell by 5.8%

In March, more than 161 million tons of steel were smelted in the world. In the first three months of 2022, global steel production decreased by 6.8%...

Redirection of Russian steel exports to Asia may not happen due to logistics

Russia will not be able to make up for losses in the steel sector in the foreseeable future by redirecting exports from Europe to Asia due to...

The IMF has worsened the forecast for the recovery of the global economy

In connection with the hostilities in Ukraine and in view of the looming economic crisis, the IMF has changed its mind about monetary policy in...

The World Bank lowered its forecast for global GDP growth by a percentage point due to the war in Ukraine

The biggest component of the decline in the growth forecast was a 4.1% decline in the Europe and Central Asia region, including Ukraine, Russia and...

Global steel demand up 0.4% this year - Worldsteel

A sharper-than-expected slowdown in China led to lower growth in global steel demand in 2021. The outlook for 2022 and 2023 is extremely uncertain...

The Ukrainian metallurgical lobby has suspended membership in the World Steel Association

The association of Ukrainian metallurgical and mining enterprises will not take part in any Worldsteel body while Russian associations and companies...

The war in Ukraine is seriously changing the rules of the game in the global long products market: IREPAS

Regional markets for steel, and in particular for long products, are becoming increasingly closed, contributing to serious price imbalances in...

Steel production in Ukraine in March fell by a third year-on-year

In March 2022, only one metallurgical plant was fully operational in Ukraine - KAMETSTAL in the city of Dneprodzerzhinsk....

The European Union has banned the export of Russian steel and metal products

The European Commission has also canceled Russia's most favored nation trade regime and formalized plans to suspend Russia's membership in major...

World steel production in January fell by 6% due to a sharp drop in smelting in China

Asia and Oceania produced 111.7 million tons of steel in January, the EU countries - 11.5 million tons, the CIS countries - 9 million tons, the...

EU Iron and Steel Association expects a sharp slowdown in steel demand growth in Europe

The reason for the significant decline in steel demand growth in Europe from almost 14% in 2021 to 3.2% in 2022 will be the continuation of covid...

Steel prices expected to rise in Europe due to high costs - Platts

European steelmakers, distributors and traders expect further price increases in the near future, given a recovery in demand as construction projects...

In Europe, steel prices began to rise again due to a sharp rise in prices for raw materials and energy carriers

The expected stabilization of prices and seasonal decline did not happen against the backdrop of rapidly rising prices for iron ore and energy prices....

At the end of 2021, Ukraine managed to oust Italy in the ranking of world steel producers

According to the data of the World Steel Association, published on Tuesday evening, Ukraine has risen in the ranking of world steel producers from...

Contracts for the supply of steel to the automotive sector in Europe rose by 500 euros - MEPS

The European steel market began to gradually wake up after the New Year holidays in 2022. Because Epiphany was at the end of the first week of the...

Global steel demand may increase 2.2% in 2022 - WorldSteel

The largest steel sector, construction, remained more resilient in 2021 than most others, and experts expect this to continue in 2022....

Analysts predict sharp drop in US steel prices in 2022 - Platts

After 2021, when US hot rolled coil prices hit an all-time high, steel analysts expect 2022 to be a year of "aggressive price...

Exports of ferrous metals from Ukraine in 2021 increased by 6% to 19.63 million tons

In monetary terms, earnings from the export of ferrous metals increased by 81.4% to $ 14 billion....

Profits of Ukrainian and Russian steel plants will remain above average until 2023 - Fitch Ratings

The unprecedented excess of steel prices relative to production costs has led to a sharp increase in profits for steel companies in 2021, creating a...

British analysts downgrade forecast for global steel production in 2021

The main "brake" in the global steel industry is expected to be China, which seeks to limit steel production ahead of the Olympic Games....

Leading carmakers announce car price increases due to rising steel prices

The continuing rise in prices for base metals and rolled metal products of various metals and alloys forced the largest automakers to announce a...

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