Salzgitter Reports Weak German Economy and Export Uncertainty Amid Energy Prices and Imports Salzgitter Group has expressed concerns about the ongoing challenges faced by the German steel industry, citing the weakening German economy and rising uncertainty in export markets due to growing ten...
Oleksandr Dunaysky: Infrastructure Reconstruction Boosts Demand for Steel Structures in Ukraine In a recent interview, *Oleksandr Dunaysky*, Director of the Steel Structures Division at *Metinvest-SMC*, emphasized that *Ukraine’s large-scale infrastructure reconstruction* is now the *main driver...
EU’s Renewable Energy Share Rises to 46.9% in 2024, Strengthening Green Transition Goals The share of *renewable energy in the EU’s electricity mix climbed to 46.9% in 2024*, according to preliminary estimates. This marks a significant rise from 44.4% in 2023, reflecting the bloc’s accele...
Blastr Green Steel's Finnish Plant Advances with Environmental Approval Blastr Green Steel has achieved a significant milestone for its proposed low-emission steel plant in Inkoo, Finland, by successfully completing the Environmental Impact Assessment (EIA) process. This ...
Ukraine's Steel Trade Strengthens in February: Flat Imports Rise, Long Exports Surge Ukraine’s steel industry showed positive movement in February 2024, with notable increases in both *flat product imports* and *long product exports*, reflecting a recovering market and growing trade a...
Federacciai Criticizes EU Steel Plan, Highlights Key Uncertainties *The European Commission's "European Steel and Metals Action Plan,"* presented on March 18, aims to shape the future of the steel sector amid ecological transitions and global challenges. However, *Fe...
JFE Steel Subsidiary Acquires Maruhachi Steel Pipe to Strengthen Market Position *JFE Shoji Steel Pipe & Tube Co., Ltd*, a subsidiary of Japanese steel producer *JFE Steel Corporation*, has announced the acquisition of *Maruhachi Steel Pipe Co., Ltd.*, a prominent steel pipe manuf...
Vallourec Brazil Set to Boost Pellet Production to Meet Steel Industry Demand *Vallourec Brazil*, a subsidiary of the French pipe manufacturer *Vallourec*, has announced plans to *increase its pellet production capacity to over 1.2 million metric tons (mt) per year*. The compan...
EU Unveils Steel and Metals Action Plan to Boost Industry Competitiveness and Secure Energy Supply *The European Commission (EC) has launched its final version of the Steel and Metals Action Plan,* aimed at enhancing the competitiveness of the steel and metals industry while addressing challenges s...
Taiwan Extends Antidumping Duties on Cold Rolled Stainless Steel Imports from China and South Korea *Taiwan's Ministry of Economic Affairs (MOEA) has confirmed the extension of antidumping duties (AD) on cold rolled stainless steel imports* from China and South Korea following the final results of t...
Fitch Predicts Pressure on Indian Steel Prices, Ratings Upgrades at Risk for Major Mills *Indian steel prices are expected to remain under pressure in the next fiscal year (2025-26),* as local mills struggle with increasing imports from China and the rising risks of aggressive tariff poli...
Steel Dynamics Anticipates Stronger Earnings and Steel Operations in Q1 2025 *Steel Dynamics (SDI)*, a major U.S.-based steel producer, has provided an optimistic *earnings guidance* for the first quarter of 2025, expecting *earnings in the range of $1.36 to $1.40 per diluted ...
