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...
France reduced steel production by 5% m/m in October In January-October, French steelmakers increased steel output by 8.8% y/y In October 2024, French steelmakers reduced steel production by 5% compared to the previous month, to 976 ths tons. Thus, the ...
EU steelmakers should reconsider transition to hydrogen and DRI – EuRIC EuRIC recommends this in view of the rising costs of energy carriers and the unpreparedness of the hydrogen infrastructure European steelmakers need to reconsider their approach to switching to hydrog...
Iron ore prices increased by 4.2% over the past week Optimism about support for China's economy drives demand, despite risks associated with the real estate market and high inventories Iron ore prices on November 15-22, 2024, showed steady growth on maj...
British Steel opens steel rail storage facility UK-based steelmaker British Steel has opened a £10 million storage facility for steel rails to be used in train tracks in North Lincolnshire, according to media reports. The facility will supply track...
