Japanese steelmaker Tokyo Steel today announced the first domestic steel sales price cut this year, driven by continued weak global steel demand....
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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...
High iron ore shortage could halt metallurgy's green transition
Steelmakers are increasingly touting efforts to reduce carbon emissions, but the availability of high-quality iron ore raw materials may become an...
European and Turkish metallurgists curtail steel production amid weak demand
Steel and rolling mills in the region are cutting production, and traders who stocked their warehouses with metal this spring are struggling to sell...
Steel production in Russia will fall by at least 15% - the opinion of market participants
International sanctions applied against Russia in general and directly against some steel producers have greatly affected their positions in the...
Russian metallurgists stop production due to the strengthened ruble
Russian metallurgists have warned the government about losses and a forced reduction in production if taxes on the industry are not reduced and the...
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...
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...
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...
