Multiple sources say EU steel producers are lobbying for emergency import restrictions as cheap imports continue to flood the market....
Business and Finance
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....
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....
Growth in European steel industry due to ECB rate cuts will take time - MEPS
MEPS analysts suggest the European Central Bank's first interest rate cut will do little to revive the region's ailing steel industry in the near...
Global steel exports up 6.4% in 2023
The most exported steel products in 2023 were hot-rolled sheets and coils, the largest exporting country in 2023 was China...
German industry may not recover from energy crisis
As a survey conducted by the German Chamber of Commerce and Industry last September showed, 43% of large industrial companies intend to move their...
Due to the Suez crisis, steel transportation costs are still 150% higher
All major container shipping companies continue to avoid the Suez route....
Korea lifts import tariffs on some stainless steel rods
Duties on stainless steel rods from Japan, India and Spain were last extended on January 22, 2021 for the fourth time in three years at rates of...
Ukraine lost another 42% of export revenue from ferrous metals trade in 2023
Statistics of Ukrainian exports of ferrous metals continued to deteriorate in 2023 after falling by 67.5% in 2022....
Five main market trends in the steel market in 2024 according to European analysts
European engineering company MEPS International has identified five key trends that will be critical to steel prices and market direction in 2024....
Strikes at major US auto plants are over. Losses exceeded $7 billion
The US auto industry is hoping for a return to business as usual after workers at the country's Big Three automakers agreed to new labor contracts....
Stages of cold calling
This concept refers to actions related to identifying the client’s needs and pushing him to purchase....
Oil hits $95 a barrel amid supply concerns
Oil rises on concerns about supply shortages following recent production cuts by Saudi Arabia and Russia...
Metinvest continues to fulfill its financial obligations despite the war in Ukraine
Mining and metallurgical holding of Ukrainian businessman Rinat Akhmetov adheres to all obligations to creditors despite the hostilities in the...
EU investigates stainless steel exports from Indonesia
The European Commission has launched an anti-circumvention investigation into imports of cold rolled stainless steel flat products of Indonesian...
JSW Steel is considering buying a stake in Teck's coal division
The Indian steelmaker is in talks with banks about possible funding for the acquisition, which could be in the region of $2 billion....
Turkish exporters demand competitive exchange rate from new Erdogan government
Exchange rates should gradually reach their real value in order to maintain the competitiveness of Turkish steel exporters...
Elon Musk predicts a difficult year for the global economy
Musk stated that no business is immune and a cascade of corporate bankruptcies is expected. The techno-king made this prediction during Tesla's May...
China is rapidly building up bank gold reserves
The People's Republic of China has been actively buying up gold for its reserves since the end of last year, and in the last two months alone, it has...
Gold could top record $2,300 an ounce on concerns over the global economy
The price of gold has been close to the all-time high of $2,075 an ounce in the past few days and could rise above a record $2,300 amid the ongoing...
Gold quotes in March closed with record growth since 2020
Demand for gold has increased as a safe-haven asset amid the situation in the banking sector. Earlier in March, it became known about the closure of...
2023 will be the year of the takeoff of the hydrogen economy, primarily due to metallurgy - Platts opinion
Today, electrolysis is one of the most expensive ways to produce hydrogen in the world. However, Platts Hydrogen believes that the hydrogen market...
World Bank president resigns
World Bank President David Malpass plans to step down in June, a year before his term expires...
War in Ukraine to accelerate world economy transition to clean energy - BP
The Russian war in Ukraine is expected to put pressure on long-term energy demand and accelerate the world's transition to renewables and low-carbon...
Apple decided to raise the price of the iPhone 15 Ultra by replacing stainless steel with titanium
The marketing ploy will explain to iPhone buyers why they will have to overpay at least $ 200....
Ukraine reduced foreign exchange earnings from the export of ferrous metals by 65%
In November, ferrous metal export revenues amounted to $205.647 million compared to $189.836 million in October....
American steel producers raised prices for rolled metal
Producers in the US increased prices for rolled metal products in the traditionally low winter season for steel markets. The market expects further...
ArcelorMittal Kryvyi Rih will receive $100 million from the European Bank for Reconstruction and Development
The provision of working capital within the framework of the sustainability concept of Ukraine will allow, among other things, to continue the...
China publishes guidance on expanding domestic demand
Efforts will be made to comprehensively stimulate consumption and accelerate the improvement of its quality, optimize the investment structure and...