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...
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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...
US plans to fundamentally change the rules of international steel trade
Commerce Secretary Gina Raimondo and US Trade Representative Catherine Tai said they want to make the global steel trade dependent on the...
World steel production in October fell by almost 11%
October 2021 became significant in terms of steel production statistics, as this month, for the first time in history, China reduced steel...
The largest steel company in the world has reduced steel production due to weak demand
ArcelorMittal steel production in the third quarter fell 3% compared to the second quarter due to a 9% drop in demand for steel products....
Ukrainian metallurgists reminded Volodymyr Zelensky of American duties on steel
The metallurgical lobby of Ukraine called on President Volodymyr Zelenskyy to protect the interests of domestic industry in foreign markets,...
Steel and iron ore market collapsed in China
Chinese steel and iron ore prices are falling due to negative factors affecting futures and physical markets. Given that China is the largest player...
G20 agreed on climate change targets of no more than 1.5 degrees
Environmental protection is a key topic of the last day of the G20 summit. Heads of State discuss in Rome, among other things, the fight against...
Scarcity of computer chips halted the rally in steel prices
Metallurgical plants focused on the automotive industry are now forced to look for new customers, redirecting steel volumes to the common market....
Steel market capacity in Ukraine increased by 16% amid a decrease in imports of metal products
In January-September 2021, Ukrainian metallurgical enterprises produced 14.49 million tons of rolled metal, which is 5.6% more than in the same...
The shutdown of the UK metallurgical plants could bring down the pound sterling
British industrial enterprises will begin to close in a few weeks due to rising production costs in the hope of a further decline in energy prices....
ArcelorMittal requires customers to pay extra € 50 per tonne of steel due to rising electricity prices
The decision by Europe's largest steelmaker to introduce surcharges follows a similar move by British steel, which raised steel prices by £ 30 per...
European steel mills plan to raise steel prices in October
The cost of electricity for the production of rolled metal in the EU continues to grow, and metallurgists intend to shift the record high energy...
The metallurgical lobby and the people's deputies of Ukraine demand a moratorium on the export of scrap from Zelensky
Volodymyr Zelenskyy is asked to instruct the Cabinet of Ministers and the Ministry of Economy to take all measures to introduce a temporary ban on...
World iron ore prices are already below $ 100 per ton
The main factor behind the fall in prices for metallurgical raw materials was the steps of China, which buys about two-thirds of the world's marine...
Metinvest starts practical implementation of a billion dollar metallurgical project
The modern rolling complex in Mariupol will expand the product range of the Ilyich plant, which means it will increase the company's competitiveness...
The growth of foreign exchange earnings to Ukraine from the export of ferrous metals amounted to 75% in 8 months of 2021
The largest consumers of Ukrainian steel and rolled metal products in January - August 2021 were Europe and Africa....
US Hot Rolled Coil Price To Exceed $ 2,000 - MEPS
An improved chip supply situation will lead to a significant increase in production at auto plants, which are the main consumer of hot rolled steel...
Global steel production up 3.3% on the back of a significant reduction in smelting in China
Steel production in China, according to the World Steel Association, in July 2021 decreased by 8.4% year-on-year....
Volvo buys world's first fossil-free steel
SSAB produced the world's first fossil-free steel and delivered it to the customer....
ArcelorMittal Raises Global Steel Consumption Forecast in 2021 up 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...
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,...
