MOC: Average steel prices in China down slightly during May 27-June 2 China [1] 's Ministry of Commerce (MOC) has announced that during the May 27-June 2 period this year the overall average finished steel price in China [2] decreased slightly. In the given period, t...
ICRA RAISES INDIAN STEEL DEMAND GROWTH FORECAST TO 9-10% IN FY 2024-2025 Indian rating agency ICRA has revised upwards its Indian steel demand growth forecast for the fiscal year 2024-25 to 9-10 percent, higher than 7-8 percent earlier, according to a statement by the agen...
US TOOL STEEL EXPORTS DOWN 31.1 percent IN MARCH FROM FEBRUARY According to export data from the US [1] Department of Commerce, US [2] exports of tool steel totaled 5,958 mt in March this year, down 31.1 percent from February and down 39.6 percent year on yea...
€300 MILLION INVESTMENT TO REACTIVATE ROMANIA’S OTELU ROSU STEEL PLANT Marcel Ciolacu, the prime minister of Romania, has announced that Romanian entrepreneur Dorinel Umbrarescu, owner of UMB Group, a company primarily involved in construction, transportation and petrole...
TURKISH STEEL INDUSTRY AIMS TO INCREASE TRADE VOLUME WITH NORTH AFRICA The Turkish Steel Exporters’ Association (CIB) visited Tunisia with a trade delegation on May 22-24 with the aim to increase the trade volume between Turkey and North African countries and expand Turk...
US RAW STEEL PRODUCTION UP 0.4 PERCENT WEEK-ON-WEEK According to the American Iron and Steel Institute (AISI), in the week ending on May 25, 2024, US domestic raw steel production was 1,735,000 net tons while the capability utilization rate was 78.1 pe...
Danieli remains committed to helping decarbonization of steel industry The Italian plantmaker and steel producer Danieli organized a press conference yesterday, May 23, in Buttrio, Italy, to announce the launch of the fifth edition of DIM (Danieli InnovAction Meeting). T...
EU launches antidumping probe on tinplate from China The European Commission has announced that it has launched a new antidumping investigation on imports of tinplate from China. The investigation was initiated following by the complaint filed by the Eu...
Turkey's Borçelik to build cold rolling and galvanizing plant in Bursa Turkey's Ministry of Environment and Urbanization has announced that the environmental impact assessment (EIA) application made by Turkish steelmaker Borçelik Çelik Sanayi Ticaret A.Ş. for its cold ro...
US imports of plates in coil up 73.4 percent in March from February According to preliminary census data from the US Department of Commerce, US imports of plates in coil totaled 101,323 mt in March this year, up 73.4 percent month on month and down 2.7 percent year on...
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 ...
