Mexican CRC consumption up 9.1 percent in March Apparent consumption of cold rolled coils (CRC) in Mexico increased 9.1 percent, year-over-year, to 385,000 metric tons (mt) in March, the fifth consecutive annual increase, although it was below doub...
Severstal decommissions three sintering machines at CherMK to cut emissions Russian steel producer Severstal has announced that it has stopped three sintering machines at its Cherepovets Metallurgical Plant (CherMK) in order to create an eco-steel production chain within the ...
Nippon Steel expects to complete US Steel acquisition in Q3 or Q4 Japanese steel producer Nippon Steel has stated in its financial and operational report for the financial year 2023-24 ended March 31 that it aims to close the deal for the acquisition of US Steel in ...
Saudi-based East Pipes to provide coated pipes to local contracting company Saudi Arabia-based pipe manufacturer East Pipes Integrated Company for Industry has announced that it has inked a contract with local company Maramer Contracting Company for the supply of coated steel...
Average new house prices in 100 Chinese cities up 1.08% in April In April this year, average new house prices in 100 major cities in China amounted to RMB 16,355/square meter ($2,303.5/sq.m.), up 0.27 percent month on month, while rising by 1.08 percent year on yea...
Italy's Cogne Acciai Speciali acquires 65 percent of Inox Italian steelmaker Cogne Acciai Speciali [1] , which specializes in the production of stainless long products and nickel alloys, has announced that it has completed the acquisition of a 65 percent sta...
Salzgitter inks green electricity supply deal with Iberdrola Germany-based steelmaker Salzgitter Group [1] has announced that its subsidiary Salzgitter Flachstahl GmbH and Spanish energy producer Iberdrola's subsidiary Iberdrola Germany have signed a long-ter...
South Africa's base metal export value down 7.4 percent in January-March According to data released by the South African Revenue Service (SARS) [1] , in March this year the value of South Africa's exports of base metals and articles thereof totaled ZAR 17.48 billion ($941...
US issues final CVD review results on rebar from Turkey The US Department of Commerce (DOC) [1] has announced the final results of its administrative review of the countervailing duty (CVD) order on rebar from Turkey for the period between January 1, 202...
Mexico extends CVD for welded steel pipe from China until 2028 The Mexican government reported that it concluded the first sunset review of imports of circular, square and rectangular welded carbon steel pipe imported from China and determined to maintain unchang...
Brazil increases import tax for some steel products The Brazilian Foreign Trade Chamber (Camex) established import quotas for 11 steel products, including hot dipped galvanized products (HDG), CRC, plates in coils, HRC, wire rod and welded steel pipes,...
Construction value in Mexico up 25.9 percent in February The value of work in the construction industry, the largest consumer of steel in Mexico, registered a nominal increase (without adjustment for inflation) of 25.9 percent, year-over-year, in February, ...
