Conflict between Liberty Steel and the Hungarian government escalates due to Dunaferr downtime The Hungarian government accuses the company of non-payment of wages and delayed production resumption, threatening bankruptcy Relations between Liberty Steel and the Hungarian government are deterior...
Global mining companies confident in Chinese ore demand Rio Tinto notes that demand is shifting to higher quality raw materials Signs of recovery in China’s real estate sector could have a positive impact on the outlook for demand for BHP’s products. This ...
European long products producers struggle with high costs The ongoing market downturn may force steelmakers to shut down or sell some capacity European long products producers are under serious financial pressure, Kallanish reports, citing [1] sources at s...
Liberty Steel announces restructuring plan for Specialty Steel UK The proposed restructuring should reduce the company's debt Liberty Steel has announced a plan to restructure its Specialty Steel UK business. This is stated [1] in the company’s press release. As n...
India increased rolled steel imports by 42.2% y/y in April-September Chinese supplies to the country in this period increased by 36.7% y/y India increased imports of rolled products by 42.2% y/y – to 4.7 million tons in the first half of the 2024/2025 fiscal year (Apri...
Nucor Louisiana reaches world record for DRI production per day Production of cold DRI 330.3 tons per hour, or 7.93 thousand tons per day Tenova, an Italian company that is part of the Techint Group and specializes in innovative solutions for the steel and mining ...
Kazakhstan’s Qarmet has signed a number of agreements with Chinese companies The agreements, in particular, provide for the construction of a plant for the production of high-strength cast iron pipes Kazakhstan’s Qarmet (formerly ArcelorMittal Temirtau) and China’s Xinxing Duc...
Egypt investigates dumping of cold-rolled and coated steel products from Turkey and China The investigation was initiated by local steel producers Al-Obour Metal Industries and Kama Metal Coating and Processing The Egyptian Ministry of Investment and Foreign Trade has announced the launch ...
China's stainless steel exports up 19.75 percent in Jan-Sept In September this year, China's stainless steel imports amounted to 119,800 mt, down 20.39 percent month on month, while declining by 48.23 percent year on year, according to China's customs authoriti...
Brazil Iron plans investment in $5 billion iron ore project Brazil Iron Mineração Ltda, the Brazilian arm of UK based Brazil Iron Ltd, unveiled plans to invest $5 billion in an iron ore project in the northeastern state of Bahia. The project will be developed ...
Fortescue CEO: Australia may lose leader position in global iron ore market Dino Otranto, CEO of Australian iron ore miner Fortescue Metals Group, has stated during his speech at International Mining and Resources Conference (IMARC) in Sydney that Australia may lose its leade...
Rio Tinto and China's Nanjing Steel to collaborate on decarbonization Australia-based miner Rio Tinto is continuing to cooperate with other companies to decarbonize the steel value chain in the face of climate change. Accordingly, the company has signed a memorandum of ...
