Indonesian steelmaker to invest in zero-carbon HRC technology for exports to Europe Indonesia-based private steelmaker Gunung Raja Paksi Tbk (GRP) has entered into a multi-million-dollar deal with UK-based plantmaker Primetals Technologies to become the first steelmaker in Asia, outs...
India and UK resume talks on FTA under cloud of US tariff threats India and the UK are resuming negotiations on a free trade agreement (FTA), after almost a year's hiatus and are setting a target of increasing bilateral trade to $40 billion from $20 billion at prese...
UK energy-intensive industries: Zonal pricing will hurt renewable energy projects In a letter to the UK government, the unions and associations from the UK's energy-intensive industries, including steel, glass, ceramics, and renewable energy, have urged the government to immediatel...
Zaporizhkoks Allocates UAH 321 Million for Facility Maintenance in 2024 In a robust effort to secure operational stability, Zaporizhkoks has earmarked UAH 321 million for the maintenance of its facilities throughout 2024. This strategic allocation is aimed at ensuring tha...
Cleveland-Cliffs Opens April Contracts for Hot-Rolled Steel at $900 per Ton Cleveland-Cliffs, a leading U.S. steel producer, has announced the opening of its April contracts for hot-rolled steel, setting the price at $900 per ton. This new contract price reflects current mark...
Gerdau Postpones Investment Decision on New Mexico Plant Amid Market Uncertainty Gerdau, one of the world’s leading steel producers, has announced a postponement of its decision to invest in building a new plant in Mexico. The move reflects the company’s cautious stance in the fac...
Metinvest Allocates UAH 8.4 Billion to Support Ukraine Over Three Years of War Metinvest, one of Ukraine’s leading steel producers, has announced a significant commitment of UAH 8.4 billion in support of Ukraine over the past three years of ongoing conflict. This substantial inv...
Steelmakers Propose Monthly Global Hot-Rolled Steel Quota to the European Commission Industry players are calling on the European Commission to consider implementing a monthly global quota for hot-rolled steel, as reported by Argus. This proposal comes amid concerns over market volati...
Turkish Steel Company Eyes Acquisition of Liberty Steel Dudelange A potential acquisition in the European steel sector is drawing considerable attention as a Turkish steel company is reportedly exploring the purchase of Liberty Steel Dudelange. According to recent r...
Vietnam Imposes Temporary Anti-Dumping Duties on Chinese HRC Steel to Protect Local Industry The Vietnamese government has taken action to safeguard its domestic steel market by imposing temporary anti-dumping duties on hot-rolled coil (HRC) steel imports from China. This move comes amid grow...
US Raw Steel Production Falls 0.7% Week-on-Week Amid Market Fluctuations Recent industry data indicates that US raw steel production declined by 0.7% compared to the previous week. This modest drop reflects ongoing adjustments in the sector as producers navigate evolving m...
Steel consumption in 2024 "better-than-expected" in Chile The apparent consumption of steel products in Chile has reached 2.371 million mt in 2024, 0.7 percent less than in 2023, according to the country's steel institute, ICHA. The institute added that, des...
