The World Steel Association reported significant growth in steel production in May 2021 across all regions of the world....
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China will start selling metals from the state reserve to stabilize the rise in commodity prices
The consignments of copper, aluminum and zinc in the state reserve of the PRC will be sold through public trading on the exchange....
The European Union issues the first patent for steelmaking using hydrogen and biogas
Voestalpine has developed an industrial-scale fossil-free steelmaking process and obtained intellectual property rights for this process from the...
G7 leaders decide to withdraw support from the coal industry by the end of 2021
For the first time, all G7 leaders have agreed to agree on their long-term and short-term climate targets, with global warming to be limited to 1.5...
European Union extends protective quotas on steel supplies for another three years
In 2018, the European Union set for different countries of the world the volume of quotas for the import of metal products, in case of exceeding...
The carbon tax on imported steel in the European Union will begin to be levied in 2023
Exemptions from the carbon tax when goods cross the EU border can be obtained by countries with a similar European emissions trading system or the...
US Hot Rolled Coil Prices Exceed $ 1,640 /Ton
The delivery time for steel on order in the USA has increased to 9 - 12 weeks, depending on the range of steel products....
Goldman Sachs no longer views China as the center of commodity pricing
The bank motivates this by the fact that the pace of recovery in demand in developed markets suggests that China as a buyer has been ousted by...
Italy conducts the world's first industrial hydrogen testing in a metallurgical process
A 70: 30 mixture of methane and hydrogen has been used in the forging processes used in industrial steel production at a plant in the province of...
US and EU begin negotiations to contain China in the steel market
According to the US Department of Commerce, the negotiators agreed on a joint position on issues that negatively affect bilateral trade....
US Hot Rolled Steel Coil Prices Exceed $ 1,500 /Ton
In less than a year, steel quotes on the US domestic market have almost tripled....
Iron ore price to drop to $ 55 in less than a year - Australian government
Today, when prices for iron ore on Asian exchanges have exceeded the most daring forecasts of analysts and are above $ 200 per ton, the Australian...
Metallurgical giant ArcelorMittal reports its best quarter in a decade
ArcelorMittal profit before interest, taxes, depreciation and amortization for the first quarter was $ 3.24 billion. This exceeded all analysts'...
The current state of the market is ideal for the sale of rolled steel - IREPAS
IREPAS, the global long steel industry association, has an excellent outlook for the long steel market in the second quarter....
China increased export duties on rolled metal and zeroed import duties on raw materials
Thus, Beijing seeks to reduce the overproduction of steel in the country and the uncontrolled rise in prices for iron ore....
Hot rolled steel prices in the US close to $ 1,500 per tonne
This price is far beyond the "normal" for the past years and is already causing interruptions or reductions in industries down the supply...
Russian government prepares retaliatory measures against skyrocketing metal prices
The jump in metal prices at the border of 2020 and 2021 has caused complaints from builders and equipment manufacturers. Growth is also expected in...
ArcelorMittal Raises Hot Rolled Steel Prices in Europe Above € 1,000 /Ton
Experts point to a growing supply deficit for hot and cold rolled sheet steel in the EU, including a sharp rise in import prices....
World Steel Association predicts a good year for metallurgists
While there is hope that the worst part of the pandemic is over, significant uncertainty remains over the global economic recovery by the end of...
The first quarter of 2021 did not bring expected production growth to Ukrainian metallurgists
Record high steel prices at the beginning of the year failed to force Ukrainian metallurgists to increase steel production and production of...
World Steel Association defines green steel and its variations
Worldsteel believes that the term “green steel” is inappropriate to define the environmental impact of the steel industry....
China unlikely to cut steel capacity in 2021 due to high steel prices
Rising steel production margins are spurring Chinese steel mills to increase steel production, offsetting government officials' efforts to cut...
Global steel production up 6.6% in the first two months of 2021
In the top ten countries, production grew in China, Korea, Turkey, Brazil and Iran, and fell in Japan, India, the United States, Russia and Germany....
British analysts have named the date of the upcoming fall in steel prices
Steel coil prices in Europe are expected to reach a record high and peak in this cycle in late August /early September....
ArcelorMittal Raises EU Steel Prices Again Today and Withdraws All Previous Bids
European buyers are desperate for supplies of sheet steel and galvanized steel, agreeing to wait until September-October at sky-high prices....
Ukrainian steel mills reduced steel exports, increasing shipments to the domestic market
The capacity of the domestic steel market in Ukraine in January-February 2021 increased by 18.7%, while the share of the import component decreased...
World stainless steel production declines 2.5% to 50.9 million tonnes in 2020
This is the first decline in global production after four years of consistent growth. In the major stainless steel producing countries, only China...
US steel prices continue to rise due to supply shortages
The price increases are supported by steelmakers who are limiting production and increasing lead times....
