China’s steel exports provoke increased protectionism in the world There are no signs of easing tensions in the global steel trade in the near term /Due to weak domestic demand, China has been rapidly increasing steel exports to many regional markets over the past tw...
Poland’s JSW again cuts its coal production plan for 2024 Currently, the forecast is 12.45 million tons Polish coking coal producer Jastrzebska Spolka Weglowa (JSW) has revised its 2024 coal production forecast to 12.45 million tonnes due to a longer-than-ex...
Consumption of steel products in Ukraine decreased to 2.3 million tonnes in January-August More than 36% or 833.1 thousand tons is imported Ukraine reduced consumption of steel products (rolled and semi-finished products) by 1.5% in January-August 2024 compared to the same period in 2023, t...
US DOC initiates AD/CVD investigations on CORE steel from 10 countries The US Department of Commerce (DOC) has initiated an antidumping duty investigation on corrosion-resistant steel products from Australia, Brazil, Canada, Mexico, Netherlands, South Africa, Taiwan, Tur...
China's JISCO orders new heavy plate mill from SMS Group German plantmaker SMS Group has announced that Chinese steelmaker Jiugang Group Hongxing Iron & Steel Co., Ltd (JISCO) has ordered a new heavy plate mill for its production facility. Accordingly, with...
US Steel launches ZMAG coated steel product for harsh conditions The US-based steelmaker United States Steel Corporation (US Steel) has launched a new carbon flat rolled steel product under the brand ZMAG coated steel. ZMAG steel, which is stronger, more resilient,...
India has extended countervailing duties on pipes from China and Vietnam The safeguard measure for these products will remain in effect for another five years India’s Ministry of Finance has announced a five-year extension of the anti-subsidy duty on imports of welded stai...
Current prices for imported electricity are a problem for Ukrainian steel industry – CEO of Metinvest Crossing access auctions are sensational, and the country needs long-term contracts Electricity prices in Ukraine in the conditions of its deficit are a problem for the iron and steel industry, and au...
Northern Mining reduced the cost of iron ore mining in the Hannivsky quarry by $1.5/t This was facilitated by the revision of quarry logistics, reduction of the distance of transportation of mining mass, optimization of equipment operation, etc. The Northern Mining and Processing Plant...
Vale has raised its iron ore production forecast for 2024 The company updated its expectations despite the decline in prices on the global market Brazilian mining company Vale announced that this year it plans to produce 323-330 million tons of iron ore. It ...
EU flat steel market in 2010-2023 The share of imports in the domestic consumption of steel during 2021-2023 increased and remains at record levels *Production:* From 2010 to 2023, the flat steel market in the European Union underwent...
India mulls policy to offer incentives for green steel procurement to boost demand India's Ministry of Steel is working on a policy to generate demand for green steel through offering incentives for users to procure green steel, the secretary at the Ministry of Steel, Sandeep Poundr...
