Iranian steel production in 2018 was about 25 million tons and will grow to 45 million tons by 2022....
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Germany doubled arms exports in the first half of 2019
Compared to the first half of 2018, Germany has more than doubled its arms exports - in total, contracts worth a total of 5.3 billion euros were...
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....
China plans to increase funding for the production of electric vehicles
The Chinese government plans to increase government lending to the production of new energy vehicles in 2021-2023....
European Commission downgrades euro area economic growth forecast for 2020
The European Commission has lowered its forecasts for economic growth for next year due to tensions in international trade and continuing mutual...
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 and...
Global stainless steel production fell 2.5 percent in the first quarter
The USA showed the largest growth in stainless steel smelting, while in other regions of the planet there was a slight decline....
Chinese steelmakers will fail to reduce ore prices
Iron ore stocks in Chinese ports will remain low as Australian, Brazilian and inland Chinese miners are unlikely to increase production....
Indian KIOCL will sell iron ore pellets to Europe
The state-controlled Indian iron ore mining company KIOCL has signed initial agreements with international trading companies Glencore and Steel Mont...
Russia files a complaint with the WTO against US duties on hot rolled sheet
Russia will appeal to the WTO at once nine American trade restrictions. The measures under consideration, as the statement says, are inconsistent...
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....
US imposed new duties on steel from Mexico and China
Officials from the US Department of Commerce claim that the governments of China, Canada and Mexico are subsidizing the export of certain types of...
China steelmakers set up task force to investigate commodity prices
Prices for iron ore in China are at their highest ever recorded. Some believe that this is a consequence of speculation on the stock exchange and...
South Korean President urges Japan to remove restrictions on metal exports
South Korean President Moon Jae-in has called on Japan to lift export controls on high-tech materials bound for South Korea as a forced military...
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,...
The United States took a step towards mass production of self-driving cars
The US has allowed Japanese SoftBank to invest in an American self-driving car developer....
British Steel buyer has not yet appeared
Despite the fact that the deadline for filing applications for the acquisition of the bankrupt steel mill British Steel ended last Sunday, the...
Jaguar expands production of electric vehicles in the UK
Jaguar will invest a multi-million dollar investment in the production of electric vehicles at the UK's Castle Bromwich plant in central England....
Brazil demands to ban the operation of tailings and to increase levies from mines
The Association of Brazilian Mining Companies disagrees with the proposals of the Senate Commission to investigate the disaster associated with the...
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...
Voestalpine AGM announces dividends of € 1.10
In addition, Wolfgang Eder handed over the chairmanship of the Voestalpine board to Herbert Eibensteiner....
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...
US steel imports continue to decline
US steel import tariffs imposed by President Trump have reduced the share of imports in the United States steel market to 21 percent....
Glencore and Anglo American blamed for water pollution in South Africa
New research reveals "massive violations" by the South African Department of Water Supply and Sanitation and ineffective regulation of...
China removes barriers to foreign investment on a range of metallurgical products
China will lift restrictions on foreign investment on a range of products in the metals sector, including antimony, tungsten, molybdenum and tin....
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...
The price bubble in the ore market will soon deflate quickly
The latest data on sea shipments of iron ore to China suggests that Brazilian iron ore exports have almost recovered to early-year levels when the...
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...
