Mexico sees declines in liquid steel production in August Liquid steel production in Mexico totaled 1.10 million metric tons (mt) in August, 17.2 percent less, year-over-year. This is 21 consecutive months of contraction (since December 2022), and in the las...
US bans steel imports from Chinese company over alleged forced labor The United States government has banned steel imports from one of the subsidiaries of state-owned steel giant China Baowu Group on Thursday over allegations of forced labor. This is the first time a s...
US Steel assesses economic impact of Nippon Steel's proposed $1 billion investment United States Steel Corporation (US Steel) has released a new economic impact analysis that assesses how the proposed $1 billion investment committed by Japanese steelmaker Nippon Steel Corporation to...
Alchemia Group sells seamless pipe plant in Poland The company is divesting the plant as part of a restructuring effort to adapt to volatile market conditions Alchemia Group of steel companies is selling a fully functional seamless pipe plant in Polan...
ArcelorMittal raises prices for steel coils in Europe by €40/t The company is bullish on current levels and has withdrawn all offers below €590/t Global steelmaker ArcelorMittal has raised prices for hot-rolled coils (HRC) in Europe by €40/t to €590/t. This is re...
A number of countries have exceeded the quota for hot-rolled steel since the beginning of Q4 Australia and Brazil have not yet used their quotas for these products in the "other countries" category A number of exporters have already exceeded their import quotas for hot-rolled steel in the “ot...
China’s steel demand may grow outside the real estate sector The announcement of measures to stimulate the country's economy led to an increase in prices for key steel products China’s steel demand from the real estate industry could rise if Beijing continues m...
Canada announces the date of implementation of duties on Chinese steel and aluminum The government of the country published the final list of products from China, which will be subject to an additional duty of 25% The Government of Canada has announced the final list of Chinese steel...
UK expands HR flat steel import quota The UK government has announced that it has accepted the Trade Remedies Authority's (TRA) recommendation to vary the tariff rate quota (TRQ) on imports of non-alloy and other alloy hot rolled flat ste...
EU's HRC import quotas for some "other countries" exhausted in new period With the beginning of the new EU quota period between October 1 to December 31, some of the import quotas for certain steel products allocated for certain countries under the "other countries" categor...
First round of steel import quotas was not entirely used in Brazil The Brazilian foreign trade authority, SISCOMEX, unveiled the list of the utilization by importers of the quotas for import of steel products that could clear customs at normal import tax rates. From ...
Australia lowers forecast for coking coal exports for FY2024/2025 It is expected that prices for this raw material will fluctuate at the level of $200/t until 2026 Australia has cut its forecast for coking coal exports for the 2024/2025 fiscal year (ending in June 2...
