Chinese steelmakers cut losses in January-October amid economic incentives In general, the situation in the industry has revived somewhat in recent months In January-October this year, Chinese steelmakers reduced their total losses to about 23 billion yuan ($3 billion) compa...
Zaporizhstal completed a set of overhauls of key rolling mills The plant's expenses for equipment renewal amounted to more than UAH 230 million Zaporizhstal Iron and Steel Works completed a set of major overhauls of the main rolling units in accordance with the a...
The US increased rolled steel imports by 8.6% m/m in October The total import of steel for the month increased by 12% m/m In October 2024, US steel enterprises increased imports of rolled steel products by 8.6% compared to September this year, to 1.84 million t...
Canadian steelmakers call on the government to engage in urgent dialogue with the Trump team The appeal comes amid Trump's promise to impose additional tariffs on imports from Canada, Mexico and China The Canadian Steel Producers Association (CSPA) has called for urgent action and dialogue be...
Liberty Steel lost control over assets in Eastern Europe due to ArcelorMittal debt Non-payment of €140 million debt may lead to sale of assets ArcelorMittal, one of the world’s largest steel producers, has been granted the right to impose administration for Liberty Steel’s Eastern E...
EUROFER insists on a European action plan for the steel industry The industry association is calling for immediate action rather than incremental improvements The European Steel Association (EUROFER) warns that a robust action plan for the steel industry under the ...
India's Prakash Industries signs mining lease for coal block to support steel mill Indian integrated steel and energy producer Prakash Industries Limited (PIL) has signed a 30-year mining lease for Bhashkarpara coal block in Chhattisgarh state, securing the right to extract coal fro...
Sweden's SSAB to supply fossil-free steel to Amazon Swedish specialty steel producer SSAB has announced that it has signed a collaboration agreement with the US-based Amazon Web Services (AWS) for deliveries of fossil-free steel. The collaboration incl...
Anglo American to transfer coking coal business in Australia to US-based Peabody Energy UK-based mining giant Anglo American has announced that, within the scope of its plans to focus on its copper and premium iron ore operations, it has decided to sell off its remaining coking coal mine...
Trump threatens China, Mexico and Canada with new tariffs Incoming US president Donald Trump has stated that the US will impose 25 percent tariffs on all products from Mexico and Canada, and 10 percent tariffs on products from China, as of January 20, 2025, ...
Thyssenkrupp to cut 11 thousand jobs in its steel division The company also announced a reduction in production capacity German group Thyssenkrupp will cut 11,000 employees in its steel division and production capacity. This is stated [1] in the company’s p...
Scrap prices declined in November in most key markets Scrap supply exceeds demand amid weakness in the steel market The global scrap market showed a decline in prices in most key regions during November 1-25, 2024. In Turkey, supply fell to its lowest le...
