VIET NAM STEEL TODAY: A ROUNDUP OF STEEL INDUSTRY NEWS FROM AROUND THE WORLD **Baowu Group acquires Xinyu Steel** China's largest steelmaker Baowu Group is taking majority control of a steel company in the Jiangxi province, fast-tracking the company's consolidation plan and bo...
ITALIAN STEELMAKERS, MERCHANTS CLASH OVER SCRAP EXPORTS Italian steel trade association Assofermet says there is no scrap shortage caused by exports that may impact Italian steelmaking. Italian scrap exports to countries outside Europe decreased by 12.6% ...
BRAZIL EXPORT-ORIENTED SLAB PRICES UP $50 ON WEEK, US RESUMES BUYING Brazil export-oriented slab prices increased $50 on the week ended March 25, as the US customers resumed purchases for June shipments, said sources. The Platts weekly Brazilian steel slab price was a...
STEEL PRICES SURGE AS WAR IN EUROPE DISRUPTS SUPPLY CHAINS Prior to Russia’s invasion, EU steel producers were attempting to lift prices due to high costs, particularly for energy, but the success of the initiative was mixed. Coil stocks were high, and gaps w...
BRAZIL FLAT STEEL DISTRIBUTORS’ SHIPMENTS FALL 3.7% ON YEAR TO 312,300 MT IN FEBRUARY Shipments by Brazilian independent flat steel distributors and service centers fell 3.7% on the year to 312,300 mt in February, according to data released March 22 by the national flat products distri...
U.S. TO GRANT BRITAIN DUTY-FREE STEEL QUOTA OF OVER 500,000 METRIC TONS ANNUALLY The U.S.-UK steel trade agreement expected to be announced later on Tuesday will allow more than 500,000 tonnes of British-made steel annually into the United States duty-free, sources familiar with t...
EU COIL MARKET ‘CHAOS’ SHAKES PRODUCT PRICE SPREADS As seen in the European steel market over the past three weeks, the veritable chaos has shaken some customary relationships between product groups. This is especially true for hot-dip galvanized (HDG)...
REPROCESSING SCRAP WILL BOOST INDIA'S STEEL PRODUCTION: MINISTER RAM SINGH Union Steel Minister Ram Chandra Prasad Singh on Saturday said production of steel in India will increase in the years to come as it expands scale of reprocessing scrap materials. Speaking to PTI here...
EU HIKES TARIFFS ON INDIA AND INDONESIA STAINLESS STEEL IMPORTS The European Union announced on Wednesday that it will increase tariffs on certain types of stainless steel products from India and Indonesia after determining they benefited from unfair subsidies, in...
EU OUTLAWS RUSSIAN STEEL As part of its fourth package of sanctions against Russia, the European Commission confirmed that it has prohibited imports of key iron and steel goods from Russia into the EU. The Commission stated ...
BRITISH STEEL LIFTS PRICES BY ‘RECORD 25%’ IN FACE OF SOARING COSTS Following the crisis in Ukraine, British Steel became the latest industrial company to issue a warning about rising power costs, raising pricing for major portions of steel to more than £1,000 per ton...
EU TO BAN STEEL IMPORTS FROM RUSSIA, HITTING PEOPLE ACTIVE IN THE STEEL INDUSTRY * The European Union has announced a new round of sanctions against Russia in response to the country's actions in Ukraine. EU Commission President Ursula von der Leyen said that Russia's membership r...
