Indian steel secretary: Duty hike would be ineffective as most imports come from FTA countries at zero rate Around 62 percent of steel imports into India originate from free trade agreement (FTA) countries at zero duty and any duty hike will not have any impact on these shipments, secretary of India's minis...
Malaysia's Eastern Steel ready to start HRC sales, impact on export markets to be limited The long-awaited start of Malaysian HRC sales with the launch of the production line at Eastern Steel is finally happening, with the mill heard to have already sold trial lots in the domestic market. ...
US initiates circumvention inquiry on circular welded pipe from China The US Department of Commerce (DOC) has announced the initiation of a circumvention inquiry on the antidumping and countervailing duty orders on circular welded carbon quality steel pipe (CWP) from Ch...
Canada initiates new review on line pipe from S. Korea's Husteel The Canada Border Services Agency (CBSA) has announced it has initiated a review to update the normal values and export prices of certain carbon and alloy steel line pipe imported from South Korea-bas...
India needs to invest $120 billion to expand steel production by 2030 The country plans to reach 300 million tons of steel output by the specified deadline India needs to invest $120 billion to reach its target steel production level of 300 million tons by 2030. This is...
Germany increased steel production by 7.7% m/m in October Pig iron production increased by 11.3% m/m, and rolled iron – by 7.4% m/m In October 2024, German steelmakers increased steel production by 7.7% compared to the previous month to 3.22 million tons. Co...
Italy and Metinvest sign a declaration on the construction of a steel plant in Piombino The new plant, worth €2.5 billion, will contribute to the decarbonization of steel production and the strengthening of economic cooperation Ukraine and Italy have taken another step toward strengtheni...
Ukraine and the United States launch three projects in the field of small modular reactors Clean Steel project to focus on reducing emissions in Ukraine's steel industry At the COP29 climate conference, Ukraine and the United States announced the launch of three joint projects in the field ...
Węglokoks is selected as a tenant of a steel plant in Czestochowa Production is scheduled to resume early next year Poland’s Węglokoks has been selected as the tenant of a steel plant in Czestochowa, wGospodarce reports [1] . The relevant agreement with the company...
China increased iron ore production by 2.8% y/y in January-October In October, the indicator fell by 4.1% y/y Chinese mining companies increased iron ore production by 2.8% in January-October 2024 compared to the same period in 2023, to 871.54 million tons. This is e...
Apparent steel consumption in Latin America to decline by 2.7% y/y in 2024 – Alacero Steel production in the region is expected to fall by 3.6% year-on-year Apparent steel consumption in Latin America in 2024 will decline by 2.7% year-on-year – to about 71.8 million tons. This is the ...
Thyssenkrupp has reduced the assets of its steel division by €1 billion The company is currently negotiating with the Czech EPCG regarding a 50:50 share in the division The German concern Thyssenkrupp announced a €1 billion impairment loss on the non-current assets of its...
