Capital Investments in Ukraine’s Steel Industry Jump 46% Year-on-Year in 2024 Ukraine’s steel sector saw a significant boost in *capital investments*, increasing *46% year-on-year in 2024*. This surge reflects growing confidence in the industry’s resilience and long-term potent...
Metinvest’s Mining Operations Provide Jobs for 192 Veterans, Strengthening Workforce and Reintegration Efforts Metinvest has successfully integrated *192 veterans* into its mining operations, reinforcing its commitment to workforce development and social responsibility. As Ukraine continues to rebuild, initiat...
EU Plan Aims to Reduce Fossil Fuel Imports by €45 Billion in 2025 The European Union is taking a significant step toward energy independence with a new initiative aimed at cutting fossil fuel imports by *€45 billion in 2025*. This bold move is expected to strengthen...
HYBRIT Successfully Completes Pilot Hydrogen Storage Project, Advancing Green Steel Innovation HYBRIT, Sweden’s pioneering green steel initiative, has successfully completed a *pilot hydrogen storage project*, marking a critical step in the transition toward fossil-free steel production. This a...
EC unveils Clean Industrial Deal, EUROFER not satisfied The *European Commission* has introduced a new policy package known as the *Clean Industrial Deal*, which outlines specific actions to transform *decarbonization* into a growth driver for *European in...
S. Korea to formally file AD investigation on HRC from China and Japan in early March The *China Iron and Steel Association (CISA)* has highlighted that, according to local media in *South Korea*, the domestic steel giant *Hyundai Steel* has submitted an *antidumping complaint* to the ...
S. Norton Group to cut energy use at shredder plant with new inverter *Mitsubishi Electric*, based in Japan, has announced the supply of a *3,000 hp frequency inverter* for a large *shredder plant* at the UK-based *S. Norton Group* in *Manchester*, UK. This new inverter...
World Bank: EU's CBAM to impact Indian exports of steel and aluminium The European Union's *Carbon Border Adjustment Mechanism (CBAM)* is set to affect *Indian exports*, especially in sectors like *steel, aluminium*, and other *high-emission industries*, according to *T...
New US steel import tariff to hit transshipping of China's steel, intensifying global competition A recent Reuters report highlights that the *US's new 25 percent tariff on steel imports* is likely to *disrupt the supply chain transporting steel from China to the US via third countries*. This move...
Steel output and sales in Vietnam fall in January According to the *Vietnam Steel Association (VSA)*, *finished steel production* in Vietnam for *January* totaled *2.3 million mt*, marking a *7.9% month-on-month decline* and a *9.2% drop compared to ...
Trump: US to go ahead with tariffs on Canada and Mexico as scheduled *US President Donald Trump has confirmed that the US will proceed with its plans to impose a 25% additional tariff on imports from Canada and Mexico, as scheduled*, according to media reports. Earlie...
EC to discuss future of steel industry in face of market challenges The European Commission is launching a Strategic Dialogue on Steel to chart a new course for the European steel industry, which is currently grappling with a range of unprecedented challenges, includi...
