ArcelorMittal Kryvyi Rih to reduce capacity due to rising electricity prices and slowing exports In Q4 2024 one blast furnace will remain in operation – BF No. 8, and 2-3 sintering machines PJSC ArcelorMittal Kryvyi Rih, a subsidiary of the global steel producer ArcelorMittal, plans to reduce pro...
Nippon Steel will sell shares of South Korean POSCO This step is designed to increase the efficiency of the Japanese steel company's assets Nippon Steel announced that it will sell a total of 2.9 million shares of South Korea’s POSCO Holdings that it o...
Rebar prices fluctuate in different directions amid economic uncertainty Consumer buying activity is not sufficient to support prices In September, global rebar prices did not show a clearly defined trend. In the US and the EU, the dynamics were negative, but in Turkey and...
Global steel production fell by 5.2% m/m in August Steel production in the 71st country for the month amounted to 144.8 million tons Global steel production in August 2024 fell by 6.5% compared to the same month in 2023 to 144.8 million tons. The figu...
Tripling global renewable energy by 2030 is achievable – IEA Bottlenecks, in particular, are the granting of permits and the modernization of networks The goal of tripling global renewable energy capacity by 2030 and reducing the use of fossil fuels is achievab...
India increased imports of Chinese rolled products to a seven-year high in April-August Imports of rolled products for the period amounted to 3.7 million tons India increased its imports of rolled steel from China to 1.1 million tons in April-August this year (5 months of FY2024/2025), u...
Global coking coal prices fall amid oversupply It is expected that at the end of Q4 2024 and in Q1 2025, prices will stabilize and begin to rise to $220-240/t In August, the global coking coal market was characterized by weak demand in key region...
Global HRC prices dropped to their lowest since 2020 Expectations for the revival of the market after the summer holidays did not come true Global hot-rolled coil prices continued to decline in August and early September, driven by weak demand, economic...
US Steel Kosice extends downtime of blast furnace No. 1 Resumption of operation of the unit after a 30-day repair is hindered by the weakening of steel demand in Europe Global steelmaker United States Steel Corporation (US Steel) has announced that blast f...
Metinvest is working to raise financing for the construction of a plant in Italy, — Group CEO Credit funds in the Italian project are at least 70% Metinvest Group is working to raise financing for the construction of a steel plant in Piombino, Italy. Construction may start by the end of this y...
Investments of iron and steel companies during the war Capital investments of steel sector in 2023 amounted to UAH 16.6 billion After a difficult 2022, investment activity in Ukraine is starting to recover. In 2023, the total volume of capital investment ...
Swedish H2 Green Steel has rebranded The company has changed its name to Stegra and has potential projects outside of Sweden Swedish start-up H2 Green Steel has announced a rebranding, changing its name to Stegra. This is stated [1] in...
