Suez Canal Offers 15% Discount for Large Container Ships Starting May 15, the Suez Canal Authority is offering a 15% discount on transit fees for container ships with a capacity of approximately 13,500 TEU and above, valid for the next 90 days. This initiat...
European Stainless Steel Prices Expected to Decline Further European stainless steel prices are projected to continue declining due to high inventories in service centers and weak demand in key sectors such as automotive and household appliances. Alessandro Be...
Eurometal Urges Swift Establishment of CBAM Benchmarks Eurometal, representing European steel distributors, has called for the rapid establishment of benchmarks for the EU's Carbon Border Adjustment Mechanism (CBAM). The association expressed concerns ove...
Ukraine's Ferroalloy Exports Reach Nearly 39,000 Tons in Early 2025 In January - April 2025, Ukrainian ferroalloy companies exported approximately 38.96 thousand tons of products, a significant increase compared to 1.14 thousand tons in the same period in 2024, when e...
Nippon Steel Plans $14 Billion Investment in U.S. Steel Operations Nippon Steel has unveiled plans to invest $14 billion into U.S. Steel's operations, including up to $4 billion for a new steel mill, contingent upon approval from the Trump administration for its prop...
U.S. Finds Preliminary Dumping Margins on Italian Steel Plate Imports The *U.S. Department of Commerce (DOC)* has released the *preliminary results* of its latest *administrative review* concerning *antidumping (AD) duties* on *carbon and alloy steel cut-to-length plate...
Ferrexpo Halts Two Pelletizing Lines Amid Ukraine’s VAT Refund Suspension *Ferrexpo*, a Swiss-headquartered iron ore producer with major operations in *Ukraine*, has *shut down two pelletizing lines* due to *financial strain caused by the suspension of VAT refunds* on its e...
China’s Steel Prices Dip Slightly in Early May, Says Ministry of Commerce *China’s Ministry of Commerce (MOC)* reported a marginal decline in *average finished steel prices* during the period from *May 5 to May 11*. According to the MOC, during this timeframe: *Rebar pri...
Ukrainian Steelmakers Cut Exports of Semi-Finished Products by 34.8% Y/Y in Q1 In January-March 2025, Ukrainian steelmakers reduced exports of semi-finished steel products by 34.8% year-on-year, totaling 294.2 thousand tons. This decline reflects the ongoing challenges faced by ...
Metinvest Invests $44 Million in Solar and Gas-Fired Generation Metinvest Group is investing $44 million in solar and gas-fired power generation projects, aiming to supply 50% of its own power by 2030. This initiative is part of the company's strategy to enhance e...
Ferrexpo Shuts Down Two Pelletizing Lines Due to VAT Refund Suspension Ferrexpo has been compelled to shut down two of its three pelletizing lines due to the suspension of VAT refunds by Ukrainian tax authorities. This action has significantly impacted the company's liqu...
ArcelorMittal Confirms €1.2 Billion Investment to Decarbonize Dunkirk Plant ArcelorMittal has reaffirmed its commitment to decarbonizing its operations in France by confirming a €1.2 billion investment in its Dunkirk plant. The funds will be used to build the first electric a...
