Brazil Restores Import Tariffs for five Steel Products
February 14, 2024
Five steel products that had their import tariffs reduced in 2022 will return to paying the original rates to enter the country.
Tag: Steel
European Hot-Rolled Coil Prices Dip Amid Muted Trading Activity
February 13, 2024
European hot-rolled coil prices edged down slightly on February 12th, as limited trading activity and buyer caution prevailed in the market.
Algoma Steel incident will have no impact on blast furnace restart
February 13, 2024
Algoma Steel advised there was an incident at the north casthouse of the blast furnace complex where slag made contact with moisture…
China’s blast furnace capacity use rises further to 83.8%
February 8, 2024
The blast furnace (BF) capacity utilization rate increased for the fifth straight week during February 2-8 to reach 83.8%,
India’s SAIL may inject $240+ million in new steelworks
February 8, 2024
Government owned steel company, Steel Authority of India (SAIL) says it may invest $241-289.24 million into its IISCO Steel Plant (ISP).
Prices steady in dull trading for steel HRC in Europe
February 7, 2024
The standstill in the European markets for steel HRC continued on Tuesday February 6, with prices broadly unch amid sluggish trading
Chinese 2023 Steel Export Review & 2024 Outlook
February 7, 2024
In 2023, China’s steel exports exceeded 90 million mt. Customs data shows China’s 2023 steel exports hit 90.264 million mt, up 36.2% YoY
China’s Property Downturn Stokes Fears About Commodities Demand in 2024
February 5, 2024
China’s property market, a key driver of the country’s economic growth and commodity consumption, as China Evergrande Group to liquidate
US Steel loses money in Q4 2023
February 5, 2024
Pittsburgh-based United States Steel reports a fourth-quarter 2023 net loss of $80 M, which contrasts with Q4 2022 net earnings of $174 M
China’s BF capacity use largely stable at 83.57%
February 2, 2024
The blast furnace (BF) capacity utilization rate among the 247 Chinese steel producers changed little on week at 83.57%
Tata Steel restarts blast furnace in the Netherlands
February 2, 2024
Tata Steel Netherlands resumed operations at its blast furnace No 6 in IJmuiden early this week after 10 months of downtime,
Thailand’s steel industry suffers as cheap imports from China flood market
February 1, 2024
Steel industry capacity utilisation in Thailand is on a downward spiral, with Tata Steel Thailand Plc (TSTH),