Rumors about steel output cuts in China support futures, but fail to push up spot prices much Today, Wednesday, February 26, news has emerged about China planning to cut crude steel production in the 2025-2027 period, bolstering the weak market sentiments seen early this week. Nevertheless, mo...
Ukraine Exported 49.9 Thousand Tons of Long Steel Products in January Ukraine’s steel industry continues to navigate complex market conditions, exporting *49.9 thousand tons* of long steel products in January. Despite geopolitical and economic challenges, the country re...
US Steel Trade Trends: Structural Pipe and Tube Exports Drop as Plate-in-Coil Imports Surge in December New trade data from December highlights a significant divergence in the U.S. steel market. Structural pipe and tube exports declined by 19.1% compared to November, reflecting weaker demand for U.S.-ma...
US senators seek to strengthen trade remedy laws against China's "unfair trade practices" US senators Todd Young and Tina Smith have introduced legislation to strengthen US trade remedy laws and ensure they remain effective tools to fight against unfair trade practices. Besides improving t...
Outokumpu to procure molybdenum from Greenland for stainless steel production Finland-based stainless steel producer Outokumpu has announced that it has signed an agreement with Canadian miner Greenland Resources Inc. for the supply of molybdenum at a competitive price for 10 y...
EU expects €28 billion loss in exports due to US steel and aluminum tariffs According to a report by Bloomberg, the first round of the US president Donald Trump's new steel and aluminum tariffs is expected to cost the European Union member states up to €28 billion in lost exp...
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...
