Fitch Solutions downgrades global steel price forecast for 2024 The average global steel prices this year will be at the level of $660/t The BMI Country Risk and Industry Research division of the international credit rating agency Fitch Solutions has revised its f...
Nucor raises weekly HRC price by $10/t It is expected that the market will accept an increase to the level of $720/t US steelmaker Nucor has announced an increase in the weekly spot price for hot rolled coil (HRC) by $10/t compared to the ...
Capital investment in the steel industry increased by 56% y/y in 2023 Investments in support and modernization of production facilities reached UAH 9.94 billion The volume of capital investment in the steel production, manufacture of finished steel products, except for ...
Metinvest is among the top 3 largest wartime investors Capital investments of the group for more than 2.5 war years amounted to UAH 28.1 billion Metinvest Group has been ranked second in the top 50 largest Ukrainian investors in more than 2.5 years of war...
Assofermet: Italian steel market faces uncertainty amid global crises, weak demand In its usual monthly market report, Assofermet Acciai - the association representing Italian distributors of scrap, raw materials, and steel products - outlines a picture of uncertainty and difficulti...
EU scrap market balance The EU steel industry has a huge unrealized potential to increase scrap consumption to meet the goals of reducing carbon emissions and developing a circular economy The scrap market in the European Un...
US rig count decreases week-on-week while Canadian rig count remains the same Baker Hughes has reported that for the week ending on September 6, 2024, the US rotary rig count decreased by one to 582. The number of rigs drilling for gas decreased by one to 94, while the number o...
Cleveland-Cliffs expresses interest in buying some assets of US Steel This includes plants that are slated to close if US Steel's deal with Nippon Steel does not go through American steelmaker Cleveland-Cliffs Inc. has confirmed its interest in acquiring some of the ass...
China to add steel and aluminium to carbon market in late 2024 China will expand its national carbon trading market to include the steel, aluminium and cement industries at the end of this year, Bloomberg reports [1] . The country will thus push polluting sector...
Steel demand in Europe may improve only in 2025 European industry and construction are recovering too slowly During the war, the European Union became Ukraine’s largest trading partner. This was facilitated by the lifting of trade restrictions and ...
Turkey should protect the market from Chinese steel as soon as possible – TCUD Imports of Chinese steel into the country continue to grow exponentially Turkey should introduce restrictive measures against Chinese steel as soon as possible to avoid becoming an open market, as imp...
IFC to provide financing for Indonesian mill's transition to low-carbon steel production International Finance Corporation (IFC), a part of the World Bank Group, has announced that it has signed an agreement with Indonesian steelmaker PT Gunung Raja Paksi Tbk to support the latter's trans...
