Suppliers and the broader market expect import volumes to fall in the first quarter due to dumping cases against Egypt, Japan, India and Vietnam, as...
Ferrous metallurgy
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Nippon-US Steel deal raises controversy with US Foreign Investment Commission
U CFIUS has until December 22 to make a decision on whether to approve, block or extend its review of the deal....
Nippon Steel makes final push to win over American workers
Deal with Nippon comes under scrutiny....
Europe needs emergency trade measures and adjustment: Lakshmi Mittal
Fair trade takes on a new dimension when Europe is the only major market with carbon costs...
Liberty Steel officially went bankrupt in Dudelange
The Luxembourg Commercial Court declared bankruptcy of the Liberty Steel plant in Dudelange....
Celsa sells steel subsidiaries to Czech investor
Spain-headquartered long steel manufacturer Celsa has sold its UK and Scandinavian subsidiaries to Czech investment group Sev.en Global Investments...
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....
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...
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...
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...
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...
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...
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...
Iron ore price hits lowest level in a year
The drop comes amid weak demand prospects in China and more resilient supply...
The court overturned the bankruptcy decision of Czestochowa after Liberty's appeal
Liberty Czestochowa has a production capacity of 700,000 tons of steel per year and 1.2 million tons of plate steel per year...
The Turkish company Borusan Pipe commissioned a service center in Romania
Turkish steel pipe manufacturer has made its second largest investment in Europe in Ploiesti in southern Romania....
The deadline for consideration of Nippon Steel's bid to acquire US Steel is September 23
Nippon Steel and US Steel make last-ditch bid to win US approval ahead of election...
Nippon Steel plans to invest more than a billion dollars in US Steel plants
The investment will be made after the completion of the acquisition of US Steel....
Nippon Steel hopes to win over American union for $1.3 billion
The Japanese steelmaker plans to invest in the Mon Valley Works and Gary Works....
Global steel production in July 2024 decreased by 4.7% compared to the same period the previous year.
According to the World Steel Association, global steel production in July amounted to 152.8 million tons...
Trump won't let Japan buy United States Steel
Trump again vowed to block the deal if voters return him to the White House...
Türkiye determines dumping margins on imports of hot-rolled coils from China, Russia, India and Japan
The investigation was launched following a complaint from the Turkish Steel Association on behalf of Turkey's largest steel producers...
Giant Chinese investment will boost Hungary's steel industry
China Export and Credit Insurance Corporation (Sinosure) will support Liberty Dunaújváros' transition to low-emission technology at a cost of...
US Steel Kosice will shut down one blast furnace in August
Slovak steelmaker US Steel Kosice (USSK) plans to shut down one blast furnace (BF) in August for scheduled maintenance, a company spokesman told...
Global steel production in June 2024 increased by half a percent to 161 million tons.
Steel production in 71 countries reporting data to the World Steel Association (Worldsteel) increased by 0.5% in June 2024 compared to the same...
Steel demand in China's manufacturing industry rebounds to record levels
In the first half of the year, additional capacities for the production of metal structures in China will come into operation...
Global stainless steel production increased by 5.5% - the USA became the growth leader
Global stainless steel production increased 5.5% year-on-year to 14.6 million tonnes in the first quarter of 2024....
Biden introduces requirement for steel smelting and casting in Mexico
This effectively imposes a 25% tariff on any steel shipped through Mexico...
