The eurozone’s third-quarter GDP expanded by a record 12.6% compared to the prior three-month period, versus a previous estimate of 12.7% growth, a second estimate from Eurostat showed. This marked the best economic performance since data collection began in 1995 and followed a record slump of 11.8% in the second quarter as the coronavirus pandemic […]
Eurozone Q3 GDP expands by record 12.6% QOQ Read More »
More than one million lives have been lost to COVID-19 since the start of the year and the toll continues to rise. Many more have suffered serious illness. Close to 90 million people are expected to fall into extreme deprivation this year. These are difficult times, yet there are some reasons to be hopeful. Testing
Global Economic Growth Outlook 2020-2021 Read More »
The euro zone’s economic recovery stalled last month as a second wave of coronavirus cases and restrictions imposed to try and contain it whacked activity in the bloc’s dominant service industry, pointing to a double-dip recession, a survey showed. Alongside their peers, Germany and France — the 19-country bloc’s two biggest economies — have reimposed
Euro zone economy on track for double-dip recession Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 156.4 million tonnes (Mt) in September 2020, a 2.9% increase compared to September 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production
world’s production of crude steel rose 2.9% in September Read More »
Italian plantmaker Danieli has announced that it signed an agreement with SeAH Besteel, the largest special steel producer in South Korea, to increase the process efficiency of the company’s electric arc furnace No. 3 at its Gunsan meltshop. With Danieli’s Q-MELT technological package, the company will avoid over-oxidation, thus maximizing process repeatability and steel quality.
Danieli to modernize EAF for S. Korea’s SeAH Besteel Read More »
ArcelorMittal Poland said it will permanently close the blast furnace and steel plant in Krakow this month due to reduced demand caused by the COVID-19 pandemic. “The COVID-19 pandemic has had unprecedented consequences for the European steel industry. Although demand in recent weeks has revived somewhat – mostly driven by inventory corrections – it is
ArcelorMittal to permanently close Krakow furnace and steel plant in Poland Read More »
The European Commission (EC) has announced that it will impose definitive antidumping duties (AD) on stainless steel hot rolled imports from Taiwan, China, and Indonesia. The antidumping duty rate on such imports will range between 9.2 percent and 19 percent for China and between 4.1 percent and 7.5 percent for Taiwan, while it will stand
EU to impose definitive AD duties on stainless HR from 3 countries Read More »
The gap between global production and capacity is expected to reach 700 million tonnes in 2020, increasing for the first time since 2016. the OECD steel committee said during its latest session held virtually. The association noted the latest available data from the OECD show that global steelmaking capacity could increase to 2,455.8 m t/year.
OECD : Steel overcapacity to resume growth in 2020 Read More »
European steel association Eurofer today submitted its registration request in the anti-dumping case against Turkish hot-rolled coil (HRC). If the European Commission accepts the registration, a fee can be levied retroactively for three months before the imposition of provisional measures, if dumping is proven. Temporary measures are to be announced on 23rd December this year
Eurofer files registration request in Turkish HRC Read More »
in force on imports of stainless steel cold rolled flat products originating from China and Taiwan. The European Steel Association (EUROFER), which represents more than 25% of the total EU production of stainless steel cold rolled flat products, lodged a request for the review on May 27 this year. The product subject to this review
Germany can afford all the measures agreed to help cushion the economic impact of the coronavirus, Chancellor Angela Merkel said on Friday, adding it was right that other EU states benefited more from coronavirus aid than Germany. “(Agreeing on economic relief) is very difficult in a pandemic because you don’t know when it will end,”
Germany can afford corona economic relief, says Merkel Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.8 million tonnes (Mt) in July 2020, a 2.5% decrease compared to July 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production
World crude steel production decreased by 2.5% in July Read More »
TBK Automatisierung und Messtechnik GmbH is one of the new members within the SMS family. The company headquartered in Graz, Austria, is proud to be the competence centre of the SMS group for laser measurement devices. TBK was founded in 1986 as a technical office by Heinz Kotzmuth. Very soon, the company focused on developing
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.3 million tonnes (Mt) in June 2020, a 7.0% decrease compared to June 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production
world’s production of crude steel declined 6.0% in H1 2020 Read More »
The 27 European Union governments have reached a breakthrough agreement over the region’s 750 billion euro pandemic recovery fund, following marathon talks in Brussels. European Council President Charles Michel said he believes this deal will be seen as a “pivotal moment” for Europe. “We did it! Europe is strong. Europe is united,” he said in
EU leaders reach a breakthrough on the region’s 750 billion euro recovery fund Read More »
Turkey has nearly used up its entire rebar quota, which has been allocated to it for the July-September period. So far, Turkish exporters have shipped about 91% to 69,939 tonnes to the EU as of July 8. As for the wire rod quota, Turkey exported about 83% to 66,399 tonnes. According to the European Commission
EU rebar import quota for turkey almost used up Read More »
From 1st July 2020, some adjustments to steel import safeguard quotas will be taking place. Announced the European Commission. All country quotas will be managed quarterly instead of annually to avoid storage at the beginning of each period. The commission has brought together three different regimens to sidestep the crowding out of traditional trade flows.
European Commission Changes EU Steel Import Quotas Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 147.1 million tonnes (Mt) in March 2020, a 6.0% decrease compared to March 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates from national and regional associations, which may be revised with
World crude steel production decreased by 6% in March Read More »