India’s Steel Industry Battles Cheap Imports
December 30, 2023
Cheap steel from China, Vietnam, and others have flooded the domestic market for months, putting Indian steel companies at a disadvantage
Tag: Steel
Red Sea attacks raise concerns among China’s steel shippers
December 29, 2023
The spate of attacks on vessels plying the Red Sea by the Houthi rebel group in western Yemen prompted exporters to re-think strategies
Steel Prices Bullish as HRC Price Break $1,000
December 22, 2023
By mid-December, hot rolled coil prices broke above the $1,000 per short ton mark for the first time since June.
Steel Sands of Transformation: Saudi Arabia Prepares a $12 Billion Investment
December 21, 2023
The Kingdom has unveiled a bold plan to inject $12 billion into various steel projects, aiming to quench its burgeoning domestic demand
Steel Curtain Rises: EU Quotas Clamp Down on Russian Imports
December 21, 2023
In a move set to reverberate through the global steel landscape, the EU instituted a quota system on pig iron and slab imports from Russia.
ArcelorMittal Completes Sale of Kazakh Operations Following Coking Coal Mine Blast
December 21, 2023
ArcelorMittal completed the sale of its steel making and mining operations in Kazakhstan after its renationalization due to an accident
United Steelworkers union blasts $15B U.S. Steel-Nippon deal
December 20, 2023
The United Steelworkers union ripped U.S. Steel and its proposed acquirer, Nippon Steel, for agreeing to a $15 billion deal
ASEAN-6 to remain major buyer of Chinese steel in next 3 years
December 20, 2023
In the next two-three years, Vietnam, Indonesia, Malaysia, Thailand, the Philippines and Singapore will continue buying Chinese steel
German steel industry reports production losses
December 20, 2023
Crude steel production in Germany in 2023 fell by 4 percent year-on-year to 35.5 million tonnes due to the energy crisis and the weak economy
Nippon Steel Says Global Push Justifies 142% US Deal Premium
December 19, 2023
Nippon Steel Corp. has defended the whopping 142% premium it’s paying for United States Steel Corp., as they expand to counter weak domestic
UK to launch carbon border adjustment mechanism from 2027
December 19, 2023
The UK will implement its own carbon border adjustment mechanism by 2027 to put a carbon charge on imports
What to expect from Indian Steel Market in 2024
December 19, 2023
The Indian steel market, in 2023, was marked by strong domestic demand while exports remained subdued and Imports were a major worry