16/ 12/ 2022

China centralizes iron ore purchases

Beijing expects that the state-owned China Mineral Resources Group will gradually increase its share in purchases, and eventually the country's leading steel companies will receive iron ore only through ...

14/ 12/ 2022

ArcelorMittal steel plant in Poland refuses to restart blast furnace due to lack of orders

ArcelorMittal Poland shut down Blast Furnace No. 3 in early September amid a slowdown in economic activity in Europe, lower demand, higher levels of imports from outside the EU, and higher natural gas and electricity ...

14/ 12/ 2022

Metallurgical plant of Metinvest in the Dnepropetrovsk region resumed the production of pig iron

The Kametstal plant of the Metinvest group resumed work on iron smelting after a temporary cessation of production as a result of shelling of the power ...

10/ 12/ 2022

U.S. tariffs on steel and aluminum imports violate international trade rules - WTO

The World Trade Organization Commission has determined that US tariffs on steel and aluminum are inconsistent with international trade obligations and recommended changes to the tariff program. The United States categorically rejected the WTO decision and officially stated that they would not change ...

08/ 12/ 2022

India expands RoDTEP export incentive scheme to steel and iron

The inclusion of iron and steel products in the RoDTEP scheme follows India's removal of export duties on steel products last ...

08/ 12/ 2022

The South Korean government "ordered" the striking truckers to return to work at steel plants

A second strike in less than six months has hampered the supply of goods from cars to fuel, costing the country 3.5 trillion won (about $2.66 billion) in the first 12 days, the government said this ...

07/ 12/ 2022

Chinese steel exports up 28.2% - customs data

In November, Chinese steel shipments abroad rose by almost eight percent compared to October due to an unexpected decline in domestic demand for steel ...

06/ 12/ 2022

Analysts predict 5% annual growth in the iron casting market through 2030

The global market for iron and steel castings will increase to 2.5 trillion US dollars by 2030 with an annual growth of 5.5% - Spherical Insights & ...

06/ 12/ 2022

Oman to build a new steel plant worth $3 billion in 3 years

The construction of the new steel plant is expected to be completed by 2026, after which it will produce five million metric tons of green steel per ...

05/ 12/ 2022

Sanjeev Gupta may lose control of his steel plants in Belgium

The two Belgian steel mills, which together employ about 650 people, are operated by GFG's steel division, Liberty Steel Group. GFG acquired the sites and facility in Dudelange, Luxembourg from ArcelorMittal in ...

05/ 12/ 2022

Steel demand and weather in Australia will affect coking coal prices

Exports of Australian hard coking coal in January-September this year amounted to 79 million tons, which is 6% less than a year earlier. Exports of PCI and semi-soft coking coal amounted to 39 million tons, down 6% from last year. Australian exports of coking coal may decline for the fourth year in a row.

04/ 12/ 2022

Brazilian steel industry expects modest growth in 2023: Aço Brasil

According to the Aço Brasil Institute, steelmakers in Brazil expect modest growth in production, sales and apparent consumption in the country in 2023, after a "great" year for the ...