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...
JFE Steel and Nippon Steel apply for government funding for green transition Japanese steelmakers JFE Steel and Nippon Steel Corporation have applied for government funding under Japan's "Green Transformation Promotion Act" to advance research and development efforts on decarb...
Vietnam's steel imports up 41.7 percent in October from September In October this year, Vietnam's steel imports amounted to 2,412,410 mt, up 41.7 percent compared to September, while its scrap imports grew by 7.5 percent month on month to 346,153 mt, according to th...
Potential Trump tariffs will affect China’s indirect steel exports 12.78 million tons of indirect steel exports from China will be at risk China’s steel industry, which is struggling with overcapacity and weak domestic demand, may face a new blow if US President-elec...
Vítkovice Steel regains profit in 2023 after a long period of loss The company achieved the best financial result in the last 15 years The Czech steel plant Vítkovice Steel restored profitability in 2023 after a long period of loss-making. The company ended the year ...
Steelmakers and trade unions insist on urgent protection of the EU steel industry The plan should be published in the first 100 days of the new European Commission's work The European Steel Association (EUROFER) and IndustriAll Europe, the trade union federation, have issued a joi...
Russian steelmakers maintain strong positions in EU market despite sanctions – Metinvest Ukrainian producers face competition from the Russian Federation, in particular due to cheap Russian slabs supplied to the EU Despite the sanctions, Russian steel companies maintain a competitive posi...
European steel industry promised additional support measures Stephan Sejourne calls to focus on strategic sectors with the greatest potential Stefan Sejourne, the European Commission’s candidate for Executive Vice President for Prosperity and Industrial Strate...
Nucor raises HRC prices by $10/t The base price for hot-rolled sheet reached $750 per short ton US steelmaker Nucor has announced an increase in its weekly spot price (WSP) for hot-rolled coils by $10 per tonne compared to the previo...
High energy prices affect Polish industry The country's industrial sector is energy-intensive compared to other EU countries High electricity prices are increasingly affecting the competitiveness of Poland’s industry, according [1] to Gramw...
