Turkey increased steel production by 6.5% y/y in September In January-September, production increased by 13.8% y/y In September 2024, steel enterprises in Turkey increased steel production by 6.5% compared to the same period in 2023, to 3.09 million tons. The...
Emissions in China’s steel industry increased by 4.2% y/y in January-August Emissions of sulfur dioxide per ton of steel were 0.19 kg/t, solid particles – 0.21 kg/t, nitrogen oxide – 0.34 kg/t Total emissions in China’s steel industry in January-August 2024 increased by 4.2% ...
POSCO to invest $88 billion in emission reduction projects by 2030 The company will invest $21.2 billion of this amount in environmentally friendly steel South Korean steelmaker POSCO has unveiled plans to invest 121 trillion won ($88 billion) by 2030, including 45 t...
Thyssenkrupp sells its electrical steel business in India The amount of the deal is approximately €400 million German steelmaker Thyssenkrupp Steel has announced [1] that it has sold its Indian subsidiary, Thyssenkrupp Electrical Steel India. The deal is w...
China will reduce steel exports to 90-100 million tons in 2025 – analysts In 2024, the indicator is expected to be at the level of 110 million tons China’s steel exports in 2025 are expected to reach 90-100 million tons, down from 110 million tons forecast for 2024. Despite...
EU imported 3.9 million tons of steel raw materials from Russia in January-August Semi-finished steel products, direct reduced iron and pig iron account for the bulk of the volume In January-August 2024, the European Union (EU) imported 3.9 million tons of metallurgical raw materia...
Turkey’s Erdemir to test hydrogen injection into blast furnace No. 1 The tests will be conducted in cooperation with Erdemir Engineering and the Irish Linde Turkish steelmaker Erdemir, part of the OYAK mining and metals group, has announced that it will test hydrogen i...
Italy reduced steel production by 8.4% y/y in September The production of rolled products fell by 5.4% y/y, and the production of flat products fell by 9.1% y/y. In September 2024, Italian steelmakers reduced steel production by 8.4% compared to the same p...
Businesses are concerned about the lack of communication regarding bookings The Ministry of Defense has initiated an audit of critical enterprises, the companies point to the destabilization of work Ukrainian businesses are concerned about the lack of communication regarding...
Ukrainian steel products consumption decreased to 2.4 million tons in January-September More than 38% or 927 thousand tons are imported In January-September 2024, Ukraine reduced the consumption of steel products (rolled and semi-finished products) by 6.9% compared to the same period in ...
EUROFER calls for urgent action to save European steel industry The industry is experiencing its worst period since the financial and economic crisis of 2009 The European Steel Association (EUROFER) called for urgent action to save steel industry in Europe. This ...
China should use a number of levers to accelerate steel industry green transition– CBI Nearly 80% of China's coal-fired blast furnaces will need to be closed or reinvested by 2030 This decade is crucial for the Chinese steel sector’s transition to the goals set out in the Paris Agreemen...
