Volkswagen calls for a 10% reduction in salaries **In this way, the company seeks to maintain competitiveness** German automaker Volkswagen is calling on its employees to take a 10 percent pay cut. In this way, the company seeks to maintain its comp...
Interpipe set up more than 200 new types of pipes for the EU market over the past 2 years The company is studying the European market, where there are many niches and unique customer requests Over the past 2 years, the Ukrainian industrial group Interpipe has mastered more than 200 new typ...
The British government has confirmed the introduction of CBAM in 2027 The mechanism will put a carbon price on imported goods from a number of sectors The UK government has confirmed that the country’s cross-border carbon adjustment mechanism (CBAM) will be launched in ...
Eurozone inflation accelerated to 2% in October Analysts expected an increase in the growth rate of consumer prices to 1.9% Inflation in the euro area in October 2024 increased by 2% compared to the same month in 2023. Thus, inflation accelerated c...
Global prices for hot-rolled coils showed a mixed trend in October Large European and American companies are trying to raise the prices of offers, but buyers are showing restraint regarding new deals In October 2024, the global hot rolled coil (HRC) market showed mix...
JSW Steel and POSCO to jointly build a steel plant in India The capacity of the plant is planned at the level of 5 million tons of steel per year Leading Indian steel company JSW Steel has signed a preliminary agreement with South Korean corporation POSCO to b...
CISA: Chinese key steel enterprises' gross profits drop 56% in Jan-Sept, challenges persist In the January-September period this year, Chinese key steel enterprises' (monitored by the China Iron and Steel Association) operating revenue amounted to RMB 4.54 trillion ($0.64 trillion), down 6.8...
Primetals to increase productivity of leading steelmaker in Americas UK-based Primetals Technologies has announced that it has renewed maintenance contracts with an undisclosed steel producer in the Americas for several continuous casters. The steel producer in questio...
Vietnam extends AD duty on color coated steel from China and South Korea Vietnam's Ministry of Industry and Trade (MOIT) has announced the final results of its antidumping investigation into certain rolled, painted alloy or non-alloy steel products from China and South Kor...
Iron ore prices have fallen by 8-10% since the beginning of October Quotations of raw materials adjusted to the level of August after a fall in September and a sharp rise in early October January iron ore futures, which are the most traded on the Dalian Commodity Exch...
EUROFER downgraded its forecast for apparent steel consumption in the EU in 2024 to -1.8% y/y Expectations regarding the growth of the indicator in 2025 have also been reduced to +3.8% y/y EUROFER, the European steel association, expects apparent steel consumption in the EU to decline by 1.8% ...
Nucor raises HRC prices by $20/t The base HRC price reached $740 per short ton American steelmaker Nucor has announced an increase in its weekly spot price (WSP) for hot-rolled coils by $20 per tonne compared to the previous week, up...
