European steel association Eurofer continues to lobby the European Commission to limit scrap exports as the industry moves towards decarbonization....
News
Trump Team Moves to End Biden's Electric Vehicle Tax Cut
Tesla has historically been the largest beneficiary of consumer subsidies for electric vehicles passed by Biden and previous administrations...
Tibnor supplies SSAB Zero steel for shipbuilding in Norway
The Norwegian shipyard will be the first to use SSAB Zero steel for ship construction...
The EU has increased quotas for Turkish metal products
The EU has allocated additional volumes for the import of metal of Turkish origin...
Scrap volumes on the LME increased during the week; futures contracts in contango
Trading volumes in London Metal Exchange scrap futures contracts, which are calculated based on Platts valuations, rose over the week....
Australian MinRes will supply Onslow iron ore project with solar energy
The 3.8 MW solar array and more than 6,600 solar panels will displace approximately 95 TJ of natural gas annually, reducing carbon dioxide emissions...
China's recession will slow down steel market recovery in 2025
Rising demand in the EU and modest recovery in the US and Japan will put limited upward pressure on global steel prices in 2025....
Consumption of rolled metal for 9 months of 2024 in Ukraine decreased by almost 7%
For nine months of 2024, the capacity of the domestic rolled metal market of Ukraine amounted to 2.425 million tons, of which 927 thousand tons, or...
Global stainless steel production increased 6.3% year-on-year to 30.4 million tonnes in the first 6 months of 2024
Global stainless steel production in January-June of this year increased by 6.3% compared to the same period last year - to 30.370 million tons from...
China and the EU confirmed their intention to resolve the dispute over electric vehicles through dialogue
The parties also exchanged views on the investigations into the application of trade protection measures initiated by China in relation to certain...
The EU has introduced registration of imports of hot-rolled flat products from Egypt, India, Japan and Vietnam
Imports of eligible products must be recorded to ensure that if the results of an ongoing anti-dumping investigation result in the imposition of...
Ukrainian metallurgists increased the export of steel billets and slabs by more than one and a half times
According to statistics, ferrous metals for January-September 2024 accounted for 7.78% of the total revenues from Ukrainian exports of goods versus...
A unique three-story mine cage was manufactured at the Dnieper Metallurgical Plant
At the Dnieper Metallurgical Plant, for the first time in the history of the enterprise, a mine cage was manufactured. In the near future it will be...
Thyssenkrupp awarded engineering contract for one of Europe's largest carbon capture projects
Thyssenkrupp Polysius is supplying innovative CO 2 capture technology to TITAN for a large-scale carbon capture project in Greece. Upgrading the...
Nippon Steel agreed to sell its stake in Calvert to ArcelorMittal for one dollar
ArcelorMittal is one of the world's leading integrated steel and mining companies, with a presence in 60 countries and major steel operations in 15...
China's alumina price reaches new all-time high and will remain high in the near term
Supplies from Guinea, China's largest supplier of bauxite, have been hit by disruptions over the past few months, first due to unfavorable weather...
German steel demand will not recover in 2024 – WV Stahl
This year, according to Worldsteel, demand for steel in the country will fall by 7%...
WSA cuts global steel demand forecast for 2024
The forecast for steel demand in 2024 for most major economies, including China, has been significantly reduced...
Mexican aluminum scrap traders expect 'more aggressive buying in coming months' amid strong auto sector
Mexico's auto sector is enjoying a "good year." Aluminum premiums are higher than in the previous round of contracts. Expected labor...
Chinese economic stimulus measures lead to higher steel prices
The recent rise in steel prices in China has prompted steelmakers in other parts of the world to step up their own higher bids....
The World Steel Association forecasts that global steel demand will fall by a further 0.9% to 1,751 million tonnes this year.
There have been significant downward revisions to the 2024 steel demand outlook for most major economies, including China, reflecting continued...
European metallurgists really want to introduce taxes invented by Donald Trump
Multiple sources say EU steel producers are lobbying for emergency import restrictions as cheap imports continue to flood the market....
Chinese electric vehicle technology opens up opportunities for development - Hungarian minister
As M. Nagy emphasized, Europe must accelerate the green transition in the automotive industry, which will also help increase the competitiveness of...
POSCO will supply specialized steel for the European hyperloop
South Korean POSCO became the first company in the world to supply specialized steel for the European Hyperloop Center test site...
Tata Steel commissions India's largest blast furnace
Tata Steel's new Kalinganagar coking plant in the eastern Indian state of Odisha is unlikely to meet immediate demand for metallurgical coal given...
Metinvest has doubled exports from Black Sea ports and is looking for new opportunities in Europe
Operations in Ukraine are stabilizing, ports are working, and exports are doubling, company CEO Yuriy Ryzhenkov said in an interview with S&P...
Joe Biden hesitates to approve Japanese takeover of US Steel
Joe Biden could shape the future of US Steel with one of his final acts as President of the United States, postponing a decision on whether to block...
The United States may introduce protective import duties on galvanized steel
U.S. galvanized steel buyers are becoming increasingly wary of imports following a petition calling for trade remedies against 10 countries....
Network Steel is considering the possibility of acquiring the ThyssenKrupp Galmed plant
The German steelmaker closed the plant in November 2023 due to a significant deterioration in the European automotive market...