India needs to invest $120 billion to expand steel production by 2030 The country plans to reach 300 million tons of steel output by the specified deadline India needs to invest $120 billion to reach its target steel production level of 300 million tons by 2030. This is...
Germany increased steel production by 7.7% m/m in October Pig iron production increased by 11.3% m/m, and rolled iron – by 7.4% m/m In October 2024, German steelmakers increased steel production by 7.7% compared to the previous month to 3.22 million tons. Co...
Italy and Metinvest sign a declaration on the construction of a steel plant in Piombino The new plant, worth €2.5 billion, will contribute to the decarbonization of steel production and the strengthening of economic cooperation Ukraine and Italy have taken another step toward strengtheni...
Ukraine and the United States launch three projects in the field of small modular reactors Clean Steel project to focus on reducing emissions in Ukraine's steel industry At the COP29 climate conference, Ukraine and the United States announced the launch of three joint projects in the field ...
Węglokoks is selected as a tenant of a steel plant in Czestochowa Production is scheduled to resume early next year Poland’s Węglokoks has been selected as the tenant of a steel plant in Czestochowa, wGospodarce reports [1] . The relevant agreement with the company...
China increased iron ore production by 2.8% y/y in January-October In October, the indicator fell by 4.1% y/y Chinese mining companies increased iron ore production by 2.8% in January-October 2024 compared to the same period in 2023, to 871.54 million tons. This is e...
Apparent steel consumption in Latin America to decline by 2.7% y/y in 2024 – Alacero Steel production in the region is expected to fall by 3.6% year-on-year Apparent steel consumption in Latin America in 2024 will decline by 2.7% year-on-year – to about 71.8 million tons. This is the ...
Thyssenkrupp has reduced the assets of its steel division by €1 billion The company is currently negotiating with the Czech EPCG regarding a 50:50 share in the division The German concern Thyssenkrupp announced a €1 billion impairment loss on the non-current assets of its...
JFE Steel and Nippon Steel apply for government funding for green transition Japanese steelmakers JFE Steel and Nippon Steel Corporation have applied for government funding under Japan's "Green Transformation Promotion Act" to advance research and development efforts on decarb...
Vietnam's steel imports up 41.7 percent in October from September In October this year, Vietnam's steel imports amounted to 2,412,410 mt, up 41.7 percent compared to September, while its scrap imports grew by 7.5 percent month on month to 346,153 mt, according to th...
Potential Trump tariffs will affect China’s indirect steel exports 12.78 million tons of indirect steel exports from China will be at risk China’s steel industry, which is struggling with overcapacity and weak domestic demand, may face a new blow if US President-elec...
Vítkovice Steel regains profit in 2023 after a long period of loss The company achieved the best financial result in the last 15 years The Czech steel plant Vítkovice Steel restored profitability in 2023 after a long period of loss-making. The company ended the year ...
