Iron ore prices recover from deep decline Market prospects have improved following the implementation of a broad economic stimulus package by the Chinese government The iron ore market went through complex and dynamic changes at the end of Se...
Steel market is experiencing the longest downturn in 20 years – Metinvest CEO In 2025, there should be a turning point in the market and revival of consumption The global steel market is experiencing its longest downturn in 20 years, said [1] *Yuriy Ryzhenkov*, CEO of Metinve...
Canadian steelmakers support duties imposition on Chinese steel imports Pipe producer Zekelman Industries joined the statement Members of the Canadian Steel Producers Association (CSPA) have signed an appeal supporting the introduction of targeted tariffs on steel imports...
Scrap shortage situation in Europe will get worse – Federacciai The industry association also points to high electricity prices for Italian steelmakers The situation with the scrap shortage in Italy and Europe will get worse. The growing share of electric arc furn...
Federacciai addresses key challenges for future of steel: energy, scrap, and EU policies The European steel industry faces significant challenges due to increasing international competition and the stringent environmental regulations imposed by the EU. In this context, the Italian steel s...
Brazil was a net importer of finished steel products in August In August, Brazil exported 101,800 mt of finished steel products with revenues of $84.5 million, while importing 384,600 mt at $281.700 million. This compares to exports of 171,100 mt at $139.4 millio...
Oct. 1 dockworker strike to affect containerized imports, finished steel products, steel experts say The fast approaching Oct. 1 dockworker strike by members of the International Longshoreman's Association (ILA) at US East Coast and Gulf Coast port facilities is expected to have its most profound imp...
China’s large industrial enterprises increased their profits by 0.5% y/y in January-August In August, this indicator decreased by 17.8% year-on-year The total profit of large industrial companies in China in January-August this year increased by 0.5% year-on-year to 4.653 trillion yuan ($66...
Tata Steel Nederland cuts costs amid worsening market conditions The company does not expect the steel market to recover after the summer Tata Steel Nederland, the Dutch arm of global steel company Tata Steel, is cutting costs to cope with the current deterioration...
Mexico has completed a review of anti-dumping duties on pipe imports from four countries The term of validity of customs duties on products from South Korea, Spain, India and Ukraine has been extended for 5 years The Ministry of Economy of Mexico completed the review of anti-dumping dutie...
Indian steelmakers are calling for higher tariffs due to rising imports from China The industry association notes that there is a risk of increased steel imports in the coming months Indian steelmakers have called on the government to double tariffs on steel imports to stem a surge ...
France increased steel production by 50% m/m in August In January-August, French steelmakers increased steel output by 8.4% y/y In August 2024, steel enterprises of France increased steel production by 50% compared to the previous month – to 1.12 million ...
