LIBERTY STEEL PROCLAIMED 200 JOB CUTTING PROSPECTS IN THE UK According to The Guardian, the firm said on April 8 that it will slash 160 positions at a facility in Stocksbridge, South Yorkshire, and 45 jobs in West Bromwich, West Midlands, as it shifted operatio...
WIND AND SOLAR ENERGY ARE POWERED BY ALUMINIUM, STAINLESS STEEL, AND OTHER RAW MATERIALS. Aluminium and stainless steel are two renewable energy sources with high raw material needs. However, this is also a significant stimulus for the metal sector. After all, 1 megawatt of renewable energ...
PRICE BOOM AND UNPRECEDENTED BULL CYCLE FOR METALS After ringing the death knell for commodity prices in the course of 2022 at the conclusion of 2021 and the beginning of 2022, consultants and experts' assessments have suddenly turned around. Commodit...
MEXICAN STEEL MARKET PRICES EXPECTED TO RISE According to data, over 80% of market participants expect Mexican finished steel prices to rise further in April owing to increasing raw-material costs. Concerns about low demand, on the other hand, a...
CHINESE STEEL SLABS IN SHORT SUPPLY. JAPAN ONLY GETS STEEL EXCEPTION The Chinese steel industry, according to sources, is running out of steel slabs. While Russia (sanctioned) and Ukraine (many steel mills shut down) used to be the primary exporters of steel slabs, dem...
TRA REVIEWS IN THE UK IMPORT QUOTAS FOR RUSSIA AND BELARUS STEEL TO AVOID SUPPLY SHORTAGE The UK has initiated an investigation into steel imports from Russia and Belarus to see if tariff rate quotas for Russia and Belarus should be reallocated to avoid a steel shortage, according to a sta...
GREEN STEEL PROJECT EXPECTS TO RECEIVE €143 MILLION FROM THE EU The project, led by SSAB, LKAB, and Vattenfall, will demonstrate a whole value chain for hydrogen-based steelmaking, from mine to fossil-free steel, on an industrial scale. HYBRIT was chosen as one of...
BRAZIL'S GOVERNMENT REDUCE TAX ON STEEL REBAR IMPORT After a meeting with Economy Minister Paulo Guedes, industry group Aco Brasil said that only steel rebars would be affected by the government's decision to lower tariffs on several products, including...
INDIA NEWS: STEEL, FUEL PRICES IMPACT DOMESTIC STEEL DEMAND IN COMING QUARTERS According to industry consultant SteelMint India, domestic steel consumption is projected to suffer in the next quarters due to "extremely high steel costs" and steadily rising fuel prices. Steel pric...
THE STEEL MARKET IN ITALY IS HUMMING Only those with steel and stainless steel in their inventories may celebrate, according to Italian market sources. Demand is strong, order books are full, availability is low, and stockpiles must be s...
GERMAN STEEL MARKET EXPECTS SIGNIFICANT DECREASE IN INVENTORY, OUTPUT **Germany steel industry in good shape ** .The inventory perception index was 18.75, indicating that market participants predicted much lower stored steel volumes in April. This matched market members...
CHINA'S JAN-FEB FINISHED STEEL EXPORTS FALL 18.8% ON YEAR TO 8.234 MIL MT ** China's finished steel exports dropped sharply, daily average of exports down 13.9% from December. ** The General Administration of Customs data revealed that China's finished steel imports fell 7....
