€300 MILLION INVESTMENT TO REACTIVATE ROMANIA’S OTELU ROSU STEEL PLANT Marcel Ciolacu, the prime minister of Romania, has announced that Romanian entrepreneur Dorinel Umbrarescu, owner of UMB Group, a company primarily involved in construction, transportation and petrole...
TURKISH STEEL INDUSTRY AIMS TO INCREASE TRADE VOLUME WITH NORTH AFRICA The Turkish Steel Exporters’ Association (CIB) visited Tunisia with a trade delegation on May 22-24 with the aim to increase the trade volume between Turkey and North African countries and expand Turk...
US RAW STEEL PRODUCTION UP 0.4 PERCENT WEEK-ON-WEEK According to the American Iron and Steel Institute (AISI), in the week ending on May 25, 2024, US domestic raw steel production was 1,735,000 net tons while the capability utilization rate was 78.1 pe...
Danieli remains committed to helping decarbonization of steel industry The Italian plantmaker and steel producer Danieli organized a press conference yesterday, May 23, in Buttrio, Italy, to announce the launch of the fifth edition of DIM (Danieli InnovAction Meeting). T...
EU launches antidumping probe on tinplate from China The European Commission has announced that it has launched a new antidumping investigation on imports of tinplate from China. The investigation was initiated following by the complaint filed by the Eu...
Turkey's Borçelik to build cold rolling and galvanizing plant in Bursa Turkey's Ministry of Environment and Urbanization has announced that the environmental impact assessment (EIA) application made by Turkish steelmaker Borçelik Çelik Sanayi Ticaret A.Ş. for its cold ro...
US imports of plates in coil up 73.4 percent in March from February According to preliminary census data from the US Department of Commerce, US imports of plates in coil totaled 101,323 mt in March this year, up 73.4 percent month on month and down 2.7 percent year on...
Mexican CRC consumption up 9.1 percent in March Apparent consumption of cold rolled coils (CRC) in Mexico increased 9.1 percent, year-over-year, to 385,000 metric tons (mt) in March, the fifth consecutive annual increase, although it was below doub...
Severstal decommissions three sintering machines at CherMK to cut emissions Russian steel producer Severstal has announced that it has stopped three sintering machines at its Cherepovets Metallurgical Plant (CherMK) in order to create an eco-steel production chain within the ...
Nippon Steel expects to complete US Steel acquisition in Q3 or Q4 Japanese steel producer Nippon Steel has stated in its financial and operational report for the financial year 2023-24 ended March 31 that it aims to close the deal for the acquisition of US Steel in ...
Saudi-based East Pipes to provide coated pipes to local contracting company Saudi Arabia-based pipe manufacturer East Pipes Integrated Company for Industry has announced that it has inked a contract with local company Maramer Contracting Company for the supply of coated steel...
Average new house prices in 100 Chinese cities up 1.08% in April In April this year, average new house prices in 100 major cities in China amounted to RMB 16,355/square meter ($2,303.5/sq.m.), up 0.27 percent month on month, while rising by 1.08 percent year on yea...
