EU scrap market balance The EU steel industry has a huge unrealized potential to increase scrap consumption to meet the goals of reducing carbon emissions and developing a circular economy The scrap market in the European Un...
US rig count decreases week-on-week while Canadian rig count remains the same Baker Hughes has reported that for the week ending on September 6, 2024, the US rotary rig count decreased by one to 582. The number of rigs drilling for gas decreased by one to 94, while the number o...
Cleveland-Cliffs expresses interest in buying some assets of US Steel This includes plants that are slated to close if US Steel's deal with Nippon Steel does not go through American steelmaker Cleveland-Cliffs Inc. has confirmed its interest in acquiring some of the ass...
China to add steel and aluminium to carbon market in late 2024 China will expand its national carbon trading market to include the steel, aluminium and cement industries at the end of this year, Bloomberg reports [1] . The country will thus push polluting sector...
Steel demand in Europe may improve only in 2025 European industry and construction are recovering too slowly During the war, the European Union became Ukraine’s largest trading partner. This was facilitated by the lifting of trade restrictions and ...
Turkey should protect the market from Chinese steel as soon as possible – TCUD Imports of Chinese steel into the country continue to grow exponentially Turkey should introduce restrictive measures against Chinese steel as soon as possible to avoid becoming an open market, as imp...
IFC to provide financing for Indonesian mill's transition to low-carbon steel production International Finance Corporation (IFC), a part of the World Bank Group, has announced that it has signed an agreement with Indonesian steelmaker PT Gunung Raja Paksi Tbk to support the latter's trans...
Russia's Amurstal plans to increase rolled steel production in 2025 Alexey Abrosimov, the minister of industry and trade of the Khabarovsk Territory in Russia, has shared the expectations for the Russian steel industry and the plans of local steelmaker Amurstal during...
US receives petition for AD probe on CORE steel from 10 countries including Turkey Some US-based mills including Steel Dynamics, Nucor Corporation and US Steel have filed a petition to the US Department of Commerce to initiate an antidumping investigation on imports of corrosion-res...
TCUD: Steel imports from China should be limited so Turkey does not become an open market The Turkish Steel Producers' Association (TCUD) has shared its evaluations regarding the country's export and import data for the January-July period this year. The association stated that there was a...
EU imported 2.9 million tons of steel raw materials from Russia in H1 2024 The main volume is accounted for by steel semi-finished products, DRI and pig iron In January-June 2024, the European Union (EU) imported 2.87 million tons of steel raw materials of Russian origin. T...
US issues preliminary AD review results on corrosion-resistant steel from Taiwan The US Department of Commerce (DOC) has announced the preliminary results of its administrative review of the antidumping duty order on certain corrosion-resistant steel products from Taiwan. During t...
