Russia's Severstal shuts down BF No. 5 for extensive overhaul Russian steelmaker Severstal has announced that it has shut down its blast furnace No. 5 at its Cherepovets plant within the scope of major repair works and revamp. According to the statement, having ...
HDG consumption in Mexico up 12.0 percent in January Apparent consumption of galvanized sheet (HDG) in Mexico increased 12.0 percent, year-over-year, to 364,000 metric tons (mt) in January, the eighth consecutive annual increase, according to data from ...
Construction value in Mexico up 30.1 percent in January The value of work in the construction industry, the largest consumer of steel in Mexico, registered a nominal increase (without adjustment for inflation) of 30.1 percent, year-over-year, in January, a...
Tenova joins RINA's Hydra project to drive steel production decarbonization Italy-based Tenova, a Techint Group company specialized in innovative solutions for the metals and mining industries, has announced that it is partnering with Italian engineering consultancy, inspecti...
India and UK put FTA talks on hold The India-UK free trade agreement negotiations have been put on hold after 14 rounds of talks, Indian government sources said on Monday, March 18. The sources said that while "a lot of ground has been...
Finland's Outokumpu expects lower deliveries in Q1 amid political strike Finland-based stainless steel producer Outokumpu [1] has announced its guidance for the first quarter of this year. Accordingly, the company has downgraded its expectations for the given period due ...
India and four-nation EFTA sign FTA India and the European Free Trade Association (EFTA) [1] have signed a free trade agreement (FTA) to integrate and strengthen supply chains, attract investments and generate new business opportuniti...
US plates in coil imports up 3.6 percent in January According to preliminary census data from the US Department of Commerce, US imports of plates in coil totaled 120,475 mt in January 2024, up 3.6 percent from December and up 10.4 percent from January ...
Moody's expects 2.5% growth for Turkey's economy in 2024 International credit rating agency Moody's [1] has reported in the February issue of its global macroeconomic outlook 2023-2024 report that the economic growth of G-20 countries will stabilize at sl...
Brakes India will invest $70 million in Mexican ferrous foundry plant Brakes India, based in Chennai, India, announced the investment of $70 million for the construction and equipment of a ferrous foundry plant in the central Mexican state of Aguascalientes, the state g...
$35 billion UAE investment in Egypt to boost local steel demand in mid-term Egypt has announced a large UAE-backed investment in Egypt for the development of a large promising stretch of the country's Mediterranean coast, which is expected to benefit the country greatly. In t...
Indian steel companies submit bids in ongoing coal mine auction Indian steel companies JSW Steel Limited [1] , Sunflag Iron and Steel Limited [2] and Tata Steel [3] are among the 27 bidders in the ongoing auction of coal mines, a ministry of coal statement sa...
