Thyssenkrupp and IG Metall Reach Agreement on Restructuring Thyssenkrupp's steel division has reached a preliminary agreement with the IG Metall union regarding the company's planned restructuring, aiming to avoid forced layoffs. This development follows Thyss...
China Continues Efforts to Regulate Steel Production China continues to reinforce regulatory controls on its steel industry in 2025, focusing on long-term sustainability rather than short-term output cuts. The government’s strategy has shifted from rest...
Indian Hot-Rolled Coil Prices Rise in Late April Indian hot-rolled coil (HRC) producers have raised their offers by $10 per ton to $685 per ton FOB between April 18-25.This price increase follows the introduction of a 12% safeguard duty on imports o...
Kazakhstan Extends Ban on Exports of Semi-Finished Steel Products Kazakhstan has announced an extension of its ban on the export of semi-finished steel products for another six months, effective from December 1, 2024. This decision, reported by the Ministry of Trade...
ArcelorMittal Kryvyi Rih Aims to Break Even Amid Challenges ArcelorMittal Kryvyi Rih, Ukraine's largest steel producer, is striving to achieve a break-even point in its operations amidst ongoing challenges. The company has been navigating the complexities of o...
Post-War Recovery to Boost Steel Consumption in Ukraine Ukraine's post-war reconstruction efforts are expected to significantly increase domestic steel consumption, shifting the industry's focus from exports to meeting internal demand. Prior to the war, ap...
Egypt Launches Safeguard Investigation into Hot-Rolled Steel Imports Egypt has initiated a safeguard investigation into imports of hot-rolled flat products, including HRC and HRFS, following complaints from local producers about a surge in imports causing significant h...
Ferrexpo Ready to Meet EU Demand for DR Pellets Ferrexpo, a Ukrainian iron ore producer listed on the London Stock Exchange, has announced its readiness to supply high-quality direct reduction (DR) pellets to European steelmakers. Acting Chief Mark...
ArcelorMittal Reports $805 Million Net Profit in Q1 ArcelorMittal, the world's second-largest steelmaker, reported a net profit of $805 million for the first quarter of 2025, marking a 6.3% increase compared to the same period in 2024. The company's re...
Uzmetkombinat Launches Hot-Rolled Steel Production in May Uzbekistan's leading steel producer, Uzmetkombinat, is set to commence operations at its new hot-rolled steel production facility in Bekabad this May. The state-of-the-art complex is designed to produ...
Ukraine Expands Antidumping Probe to Malaysian Imports of Coated Steel and Wire *Ukraine’s Interdepartmental Commission on International Trade* has announced the *extension of its antidumping (AD) investigation* to include imports of *prepainted galvanized steel coils* and *silic...
Olympic Steel Extends $625 Million Credit Facility Through 2030 to Fuel Growth *Olympic Steel Inc.*, a leading U.S.-based steel service provider, has *extended its $625 million asset-based revolving credit facility* until *April 17, 2030*, boosting its financial flexibility for ...
