Coking coal prices rose in October amid China’s incentives Traders doubt the long-term effect of Beijing's stimulus policy The coking coal market has shown some optimism since the end of September amid the stimulus announced by Beijing, but is in a state of u...
Alacero: Steel consumption in Mexico will fall 5.0 percent in 2024 and grow 6.7 percent in 2025 Consumption of finished steel products in Mexico will decrease by 5.0 percent, year over year, in 2024 and by 2025 it will grow by 6.7 percent, according to estimates and projections from the Latin Am...
MOC: Average steel prices in China see slight decreases during Oct 21-27 China's Ministry of Commerce (MOC) has announced that during the October 21-27 period this year the average finished steel prices in China indicated a slightly decreasing trend. In the given period, t...
EU cuts imports of steel products by 7% y/y in January-July – EUROFER Imports of rolled steel increased by 7% y/y In January-July 2024, the European Union reduced imports of steel products (rolled products, semi-finished products) from third countries by 7% compared to ...
Volkswagen calls for a 10% reduction in salaries **In this way, the company seeks to maintain competitiveness** German automaker Volkswagen is calling on its employees to take a 10 percent pay cut. In this way, the company seeks to maintain its comp...
Interpipe set up more than 200 new types of pipes for the EU market over the past 2 years The company is studying the European market, where there are many niches and unique customer requests Over the past 2 years, the Ukrainian industrial group Interpipe has mastered more than 200 new typ...
The British government has confirmed the introduction of CBAM in 2027 The mechanism will put a carbon price on imported goods from a number of sectors The UK government has confirmed that the country’s cross-border carbon adjustment mechanism (CBAM) will be launched in ...
Eurozone inflation accelerated to 2% in October Analysts expected an increase in the growth rate of consumer prices to 1.9% Inflation in the euro area in October 2024 increased by 2% compared to the same month in 2023. Thus, inflation accelerated c...
Global prices for hot-rolled coils showed a mixed trend in October Large European and American companies are trying to raise the prices of offers, but buyers are showing restraint regarding new deals In October 2024, the global hot rolled coil (HRC) market showed mix...
JSW Steel and POSCO to jointly build a steel plant in India The capacity of the plant is planned at the level of 5 million tons of steel per year Leading Indian steel company JSW Steel has signed a preliminary agreement with South Korean corporation POSCO to b...
CISA: Chinese key steel enterprises' gross profits drop 56% in Jan-Sept, challenges persist In the January-September period this year, Chinese key steel enterprises' (monitored by the China Iron and Steel Association) operating revenue amounted to RMB 4.54 trillion ($0.64 trillion), down 6.8...
Primetals to increase productivity of leading steelmaker in Americas UK-based Primetals Technologies has announced that it has renewed maintenance contracts with an undisclosed steel producer in the Americas for several continuous casters. The steel producer in questio...
