IMF forecasts global economic growth of up to 3.2% in 2024-2025 In 2024, GDP growth in the Eurozone is forecast by 0.8% The International Monetary Fund (IMF) forecasts global economic growth of 3.2% in 2024 and 2025. This is stated [1] in a new report of the Wor...
Global stainless steel production increased by 6.3% y/y in H1 2024 During the period, stainless steel output increased in most regions Global stainless steel production in January-June 2024 increased by 6.3% compared to the same period in 2023 to 30.37 million tons. ...
Imports of flat products to Ukraine increased by 11.3% y/y in January-September The main supplier of products is Turkey In January-September 2024, Ukraine increased imports of flat products by 11.3% compared to the same period in 2023, to 735.79 thousand tons. This is evidenced ...
Liberty Ostrava resumes production of some items Currently, the company works according to the tolling scheme Czech steelmaker Liberty Ostrava, a subsidiary of British Liberty Steel, which is up for sale, has resumed production of rebar and road fen...
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...
