New measures by Chinese officials could affect more than 60 percent of the world's largest steelmaker's steel capacity....
Ferrous metallurgy
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India intends to increase investment in the processing of ferrous scrap
Ferrous scrap is used as a raw material for steel production in electric arc and induction furnaces, which account for about 35-40 percent of total...
Protectionism fails to balance the steel market
The steel market can be characterized as generally unstable, since there is still a lot of uncertainty, and any event that is insignificant in a...
IDRO Signs Memorandum of Understanding to Increase Steel Production in Iran
Iranian steel production in 2018 was about 25 million tons and will grow to 45 million tons by 2022....
American companies raised prices for the second time in a month
The largest steel producers in the United States announced a new increase in steel prices amid significant resistance in the market....
ArcelorMittal in South Africa plans to cut 2,000 jobs
The South African division of the world's largest steel company, ArcelorMittal, predicts a sharp drop in revenues in the first half of the year...
In both India and China, the steel industry is growing thanks to government support
Government stimulation of economic growth provides significant support to metallurgists in India and China....
China's Hebei province decides to expedite the elimination of steel facilities
Earlier in Hebei, it was planned to abandon the production of steel with a capacity of 14 million tons, coal with a capacity of 10 million tons,...
Indian government predicts production of 128.6 million tons in 2021
Indian crude steel production in 2018-1919 was 106.56 Mt, up 3.3 percent from 103.13 Mt in 2017-18...
POSCO and Hyundai Steel to lose up to 30 percent in profits due to higher ore prices
Rising iron ore prices amid declining supplies and market resistance to higher steel prices have a negative impact on the profitability of South...
Latin American steel production declines slowly
Brazil was the largest steel producer in the region during the first five months of 2019, with production of 14.0 million tonnes, representing 54...
India's annual steel consumption approaches 100 million tonnes
Government investments in infrastructure in India have significantly increased domestic steel consumption in the country. However, the cream of this...
How will steel markets develop in 2020?
Global events continued to influence the price dynamics of the steel industry in 2019. Turbulence and uncertainty reign here, so specialists are...
PMI of the steel sector in China fell to 48.2 points
Heavy rains in southern China, coupled with hot weather in the north, have reduced demand for steel, and environmental restrictions have affected...
EUROFER: problems threaten to erase the EU steel industry
The European steel industry faces growing imports and high environmental costs....
Increased demand for steel in India is possible subject to government incentives
Steel demand in India is projected to grow 6-7% year-on-year in fiscal 2019-20, which began on April 1, despite declining sales due to banks'...
Steel production at record levels. What's next?
Global steel production skyrocketed in May, when steel mills in China - the world's largest steel producer - increased production to an...
Vietnam and Indonesia increase steel production capacity
Indonesia and Vietnam are set to increase their steelmaking capacity by several million tonnes over the coming years to reduce the economy's...
Chinese company Kunming plans to build a steel plant in Myanmar
China Kunming Iron & Steel Group Co. Ltd. signed an initial agreement to build a 4 million tonnes per annum steel plant in Myanmar, Burma, which...
US Steel announces suspension of steel production at two US plants
The U.S. steel industry is starting to shut down capacity, showing signs of weakness despite Trump's support....
Russia introduces export quotas for ferrous scrap
In addition to the introduction of duties, export quotas are envisaged with a correction factor applied for each region of the Russian Federation....
Chinese steel exports fell to three-month low in May amid rising domestic consumption
Chinese steelmakers have reduced overseas steel supplies due to increased domestic demand at the peak of seasonal consumption....
South Korean metallurgists complain of growing environmental burden
South Korea's increasingly stringent environmental regulations are hampering the steel industry, which is already plagued by falling sales and...
Indian mills raised steel prices in June
India's major integrated steel mills raised their domestic list prices for most steel products in June, although buying interest remains weak....
The largest metallurgical company in China absorbed its smaller competitor
Baowu Steel Group acquired 51 percent of its rival Magang as part of the government's steel consolidation program....
India faces risk of steel overproduction
At the end of the 2018-19 financial year, the excess of steel production over its consumption in India reached 35 million tons....
NLMK takes a wait-and-see position in the US market
A wait-and-see attitude is now the most correct, especially given the strong market volatility due to the trade war between the United States and...
Indian steel mills are concerned about increased steel imports from South Korea and Japan
The Indian Steel Association, representing the six largest integrated steel companies, has called on the government to impose a protective duty of...
China's steel production growth surprised analysts
China's growing steel production is of deep concern to the global steel industry, which rightly believes that a new round of steel...
Chinese flat products manufacturers face oversupply
Hot rolled coil prices are falling at the fastest pace, accounting for 20 percent of China's total steel exports....
