Northern Mining reduced the cost of iron ore mining in the Hannivsky quarry by $1.5/t This was facilitated by the revision of quarry logistics, reduction of the distance of transportation of mining mass, optimization of equipment operation, etc. The Northern Mining and Processing Plant...
Vale has raised its iron ore production forecast for 2024 The company updated its expectations despite the decline in prices on the global market Brazilian mining company Vale announced that this year it plans to produce 323-330 million tons of iron ore. It ...
EU flat steel market in 2010-2023 The share of imports in the domestic consumption of steel during 2021-2023 increased and remains at record levels *Production:* From 2010 to 2023, the flat steel market in the European Union underwent...
India mulls policy to offer incentives for green steel procurement to boost demand India's Ministry of Steel is working on a policy to generate demand for green steel through offering incentives for users to procure green steel, the secretary at the Ministry of Steel, Sandeep Poundr...
Vietnam's steel imports up 13.1 percent in August from July In August this year, Vietnam's steel imports amounted to 1,340,998 mt, up 13.1 percent compared to July, while its scrap imports increased by 16.4 percent month on month to 429,547 mt, according to th...
China files WTO complaint against Canada's tariff decision on steel products China's Ministry of Commerce (MOC) has lodged a complaint with the World Trade Organization (WTO) in response to Canada's recently announced additional tariffs on Chinese steel and aluminum products, ...
Germany needs additional investment of €1.4 trillion by 2030 – BDI In this way, the country can remain competitive at the international level in the future Germany needs additional private and public investment of €1.4 trillion by 2030 to remain internationally compe...
Fitch Solutions downgrades global steel price forecast for 2024 The average global steel prices this year will be at the level of $660/t The BMI Country Risk and Industry Research division of the international credit rating agency Fitch Solutions has revised its f...
Nucor raises weekly HRC price by $10/t It is expected that the market will accept an increase to the level of $720/t US steelmaker Nucor has announced an increase in the weekly spot price for hot rolled coil (HRC) by $10/t compared to the ...
Capital investment in the steel industry increased by 56% y/y in 2023 Investments in support and modernization of production facilities reached UAH 9.94 billion The volume of capital investment in the steel production, manufacture of finished steel products, except for ...
Metinvest is among the top 3 largest wartime investors Capital investments of the group for more than 2.5 war years amounted to UAH 28.1 billion Metinvest Group has been ranked second in the top 50 largest Ukrainian investors in more than 2.5 years of war...
Assofermet: Italian steel market faces uncertainty amid global crises, weak demand In its usual monthly market report, Assofermet Acciai - the association representing Italian distributors of scrap, raw materials, and steel products - outlines a picture of uncertainty and difficulti...