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...
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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...
Ferrous metallurgy enterprises stop in Ukraine due to problems with electricity
Electricity is the main component of the cost of ferroalloy enterprises, whose leaders announced the suspension of capacities for an indefinite...
European Council bans imports of Russian semi-finished steel under new package of sanctions
Despite the resistance of metallurgical enterprises and traders, the EU included in the eighth package of anti-Russian sanctions a ban on the import...
EU plans additional sanctions against Russian metallurgy
The European Commission is considering a ban on the import of semi-finished products from Russia in addition to finished steel products, despite the...
Moody's changed the outlook for the global mining industry to "negative"
Mining profits and prices will be higher than in pre-pandemic years, but below the record high seen in early 2022, analysts say....
European non-ferrous metal producers demand action on rising energy prices
European energy consumers are forced to pay ten times more for electricity and gas than last year, making their production unprofitable, and if the...
ArcelorMittal raises European steel prices on rising energy prices
The largest steel producer in the European Union was one of the last metallurgists to announce an expected increase in steel prices due to soaring...
Gas supply problems paralyze steel market in Europe – MEPS
Uncertainty is growing on the steel market in Europe. However, Polish and Czech producers are likely to be hesitant to make further price concessions...
The World Steel Association notes a sharp drop in steel production in Russia and Turkey
According to Worldsteel estimates, in July 2022, Russia produced 5.5 million tons of steel, which is 13.2% less than in July 2021. The decline in...
Japanese Tokyo Steel cuts prices due to weak demand
Japanese steelmaker Tokyo Steel today announced the first domestic steel sales price cut this year, driven by continued weak global steel demand....
Russia may cancel the excise tax on liquid steel amid a two-fold drop in prices
The zero excise rate for smelted steel may start to be applied in the event that prices for slab fall below 30,000 rubles. Such a decision will be a...
World steel prices have moved from a protracted fall to growth
Steel prices slightly up on maintenance shutdowns and China trade data....
Losses in the production program of NLMK since the beginning of the year exceeded 1 million tons of steel
According to the forecasts of the chairman of the board of directors of the largest metallurgical company in the Russian Federation, Russian...
Losses from steel production in China exceeded $100 per ton - S&P
According to S&P Global, the profit margin on sales of hot-rolled steel in the Chinese domestic market fell from minus $37 per ton to minus $102...
The European Commission predicts historically high inflation in the euro area at 8.4%
Inflation is projected to peak at 8.4% yoy in the third quarter of 2022 in the euro area, before declining steadily to fall below 3% in the last...
The global steel industry will face its worst quarter since the 2008 crisis
The London Metal Exchange Index has fallen 23% since the end of March. This will be the first quarterly decline for the entire index since the start...
