Global steel production skyrocketed in May, when steel mills in China - the world's largest steel producer - increased production to an...
Ferrous metallurgy
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....
Steel production in CIS countries in April 2019 decreased by 3.7 percent
According to the World Steel Association Worldsteel, steel smelting in the CIS in April 2019. amounted to 8.203 million tons....
Severstal believes that VTB Capital's forecast for the Russian market has become twice as high
Alexander Shevelev, General Director of the Russian metallurgical company PJSC Severstal, said that VTB Capital's forecast for metal...
Why Credit Suisse downgraded AK Steel by two notches at once
This week, shares of American steel companies were in the "red zone", reflecting the uncertainty of investors in the prosperous...
Indian steel: optimism amid election results
Traders and distributors have been stocking up this week in anticipation of price increases following the announcement of the election results....
Voestalpine opens a cutting-edge research center for high-tech steels in Donavitz
The Metallurgical Division of the Voestalpine Group is the global market leader in railway infrastructure systems and associated signaling...
British Steel is on the brink of collapse: 25,000 jobs at risk
Financial problems could send the largest metallurgical enterprise in Great Britain under external control, and tens of thousands of workers to the...
USA records record steel production
Thanks to President Trmp's protectionist policies, the US steel industry is operating at record levels of capacity utilization, smelting nearly...
Brazil's only blast furnace shut down
The largest metallurgical company Arcelor Mittal has stopped operation of the only blast furnace in Brazil and is returning the leased equipment to...
US President Imposes New Sanctions Against Iranian Steel Industry
The new restrictive measures provide for the blocking in the United States of the assets of persons related to the metallurgical production in Iran....
ArcelorMittal announces significant drop in earnings due to low steel prices
ArcelorMittal, the world's largest steel company, said Thursday that its first-quarter net profit fell due to falling prices, while competition...
Steel production declines in India
Steel production in India fell about 0.3 percent to 27.33 million tonnes in the first quarter of calendar 2019, according to data from the World...
India becomes a net steel importer again
Growth in domestic steel consumption in India is expected to slow but remain above 7 percent....
China Iron and Steel Institute warns of difficult times for metallurgists
CISA predicts lower demand for iron and steel in China due to structural changes in the world's second largest economy, and insists that the...
Worldsteel announced 2019 Sustainable Development Leaders
The World Steel Association announced the 2018 sustainability leaders among steel companies in the world on Tuesday....
Steel exchange prices in China are close to historic highs
Shanghai steel futures in China rose to a 7.5-year high on Monday, supported by strong demand and expectations that the government will strengthen...
Bekaert cuts over 200 jobs in Belgium
Belgian steel wire maker NV Bekaert said Thursday that it intends to close its steel fiber plant in Belgium, cutting 281 jobs as part of a...
