19/ 08/ 2022

POSCO Expands Collaboration with Global Iron Ore Supplier Vale on Mild Steel Raw Materials

The South Korean steel giant is strengthening cooperative relationships with global raw material suppliers to strengthen its global competitiveness through a phased transition to a carbon-neutral production system and the creation of a green ...

17/ 08/ 2022

British metallurgists raise steel prices again due to rising energy prices

Despite the market's downward trend in steel prices, British Steel has once again raised prices for some rolled products as rising energy costs push down profit margins for producers across ...

15/ 08/ 2022

Russia may cancel the excise tax on liquid steel amid a two-fold drop in prices

The zero excise rate for smelted steel may start to be applied in the event that prices for slab fall below 30,000 rubles. Such a decision will be a compromise between the Ministry of Finance and the Ministry of Industry of the Russian Federation, Deputy Prime Minister of the Russian Federation Denis Manturov ...

15/ 08/ 2022

German unions demand higher wages for steelworkers due to soaring inflation

Employers and unions in Germany are arguing over the need to increase wages as soaring energy prices drive up production costs and consumers suffer from rampant ...

13/ 08/ 2022

Salzgitter invests 700 million euros in mild steel production

As a result of a record investment, the German company will reduce CO2 emissions by 95%, which corresponds to 1% of all carbon dioxide emissions in ...

09/ 08/ 2022

Russian metallurgists will need more than 10 years to replace imports of key equipment

Russian metallurgists are critically dependent on foreign key equipment (even rolls for rolling mills) and, due to Western sanctions, will be forced to look for workarounds to purchase it or switch to lower-quality ...

09/ 08/ 2022

India prepares to lift export duties on steel

Industry experts are urging the Indian government to remove the levy as soon as possible as it increases uncertainty in the export market. They argue that the duty dealt a double whammy as it put pressure on export margins at a time when prices began to correct in light of falling global coking coal ...

08/ 08/ 2022

World steel prices have moved from a protracted fall to growth

Steel prices slightly up on maintenance shutdowns and China trade ...

08/ 08/ 2022

China reduced steel exports in July by one million tons or 12%

In seven months of 2022, China exported 40.073 million tons of steel, which is 6.9% less than in the same period last ...

02/ 08/ 2022

The strategy for the development of Russian metallurgy will be "quickly approved" in the Kremlin - Dmitry Peskov

The strategy will be designed not only to overcome current difficulties and support Russian metallurgists, but also to set guidelines for the long-term development of the ...

01/ 08/ 2022

Glencore cut copper production and increased nickel production

A Swiss trading company, one of the world's largest suppliers of commodities and rare earths, has reported a significant drop in copper, gold and silver production ...

01/ 08/ 2022

ArcelorMittal expects real steel demand in Europe to be 'at least stable'

Europe's steel demand may even pick up once the seasonal market lull ends, Genuino Cristino, chief financial officer of the EU's largest steel producer ...