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Arab Steel Summit

Europe

Danieli Innovaction Meeting Opens With Almost 700 Guests

The fifth edition of the DIM (Danili InnovAction Meeting) was launched, which Danieli organizes periodically, has international importance in promoting technological progress in the steel industry. DIM will start on May 28 and end on May 30, and it will host 351 companies and more than 700 experts from all over the world. The speeches …

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European steel pipe producers support anti-dumping investigation of imports from China

The European Steel Tube Association (ESTA) has welcomed the European Commission’s anti-dumping investigation into imports of certain seamless round pipes from China. The share of Chinese imports of seamless pipes in the European market rose from 3.8% in 2021 to 7% in 2022, and last year reached 12.6%, despite the fact that there are already …

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Ukraine employs women in iron and steel factories to compensate for the shortage of men

The Russian war on Ukraine caused an increase in the demand for Ukrainian female labor in iron and steel factories, in light of the scarcity of male labor due to most of them joining the army. According to what the British newspaper “Financial Times” reported yesterday, Sunday, the Ukrainian company “ArcelorMittal” – the largest steel …

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British Steel is close to signing an agreement with the government on green transformation

The company began negotiations with British authorities more than a year ago and steelmakers Tata Steel and British Steel are continuing negotiations with the UK government to finance their green transition, S&P Global reports. According to British media reports, the government is close to signing a deal with British Steel. Secretary of State for Business …

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US warns Europe against filing a complaint against it at the World Trade Organization in the steel issue

The United States has notified the European Union that it is prepared to risk derailing attempts to reform one of the pillars of multilateral trade cooperation if the Union reopens a case in the World Trade Organization against Washington over the steel and aluminum dispute in the Trump era. European diplomats and officials said that …

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ArcelorMittal to receive €1.3 billion funding for decarbonization projects at Bremen and Eisenhüttenstadt

Luxembourg-based steelmaker ArcelorMittal has announced that it will receive around €1.3 billion in funding for its decarbonization projects at its Bremen and Eisenhüttenstadt plants in Germany from the country’s Federal Ministry for Economic Affairs and Climate Action. The funding, which is subject to the approval of the European competition authority, relates to an overall project …

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India’s Tata Steel intends to eliminate 2,800 jobs in the steel sector in the United Kingdom

Indian company Tata Steel announced on Friday that it will close both blast furnaces at its plant in Port Talbot, British Wales, cutting 2,800 jobs, as part of a plan to make its unprofitable UK operations smaller and environmentally cleaner. Tata plans to switch from coal-fired blast furnaces to electric arc furnaces, which emit less …

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SMS Group held a meeting called “3rd Technology Days for Cold Pilger mills ” in Mönchengladbach

On 21 and 22 November, the SMS Group in Mönchengladbach hosted a meeting called “3rd Modular Technology Days for Pilger Cold mills”. Customers from Finland, the UK, Greece, Austria, Poland and many other countries joined in for two interesting days of wide-ranging presentations by SMS Group experts. SMS Group seeks to expand the partnership with …

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European-American agreement to extend the suspension of duties imposed on steel and aluminum

The European Union announced an agreement with the United States extending the suspension of special customs duties on steel and aluminum products until March 2025. This step aims to avoid further escalation in a long-term trade dispute with the United States that arose under the administration of former US President Donald Trump. The European Commission …

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Britain intends to implement carbon duties on imports by 2027

The British government announced that it intends to implement a new mechanism for pricing carbon imports by 2027, whereby fees will be imposed on goods imported from countries that do not impose carbon fees or impose lower fees, as part of efforts to eliminate carbon emissions. The government said the carbon limits adjustment mechanism will …

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Europe is considering reviving the steel tariffs issue against the United States

Bloomberg News reported that the European Union is considering reopening a case in the World Trade Organization against the United States over a dispute over steel and aluminium. Which led to the Allies imposing customs duties on goods worth more than $10 billion. The report said Friday, citing people familiar with the matter. The European …

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The trade meeting between US and EU has been postponed amid a stalemate in steel negotiations

The US-EU trade meeting scheduled for next month is expected to be postponed until early next year, as the two allies remain deadlocked in talks over steel and critical metals, according to a report. According to Bloomberg, citing sources familiar with the matter, the Trade and Technology Council was scheduled to meet last month, but …

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Europe is considering extending the steel trade truce with the United States

The European Union is studying the possibility of extending the temporary truce with the United States regarding steel and aluminum trade, a possibility that will help circumvent the stalled negotiations and avoid the re-imposition of customs tariffs on transatlantic exports worth $10 billion. Since the imposition of tariffs will resume automatically at the end of …

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Tata Steel cuts 800 jobs in the Netherlands amid difficult conditions in the steel market

In a move that reflects the harsh reality of the challenges of the steel industry at the present time, Tata Steel, a major player in the steel sector, announced on Monday, November 13, that the Tata Steel subsidiary in the Netherlands intends to reduce approximately 800 jobs at its factory in the city of “IJmuiden”, …

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US-European steel tariff negotiations falter…difficult points of contention

Talks between the European Union and the United States regarding tariffs on steel trade are still stalled, according to informed sources. This comes at a time when the two sides are trying to avoid the return of billions of dollars in duties on European steel exports to the United States, ahead of the US-European summit …

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Danieli renews the rolling mill at the CMC plant in Poland

Danieli has announced the renovation of CMC’s rolling mill in Poland in Zawiercie. The factory’s production capacity is 500,000 tons annually of rods and wire coils, which are used in construction, agriculture, energy, machinery and consumer goods. The purpose of the renovation is to improve the rolling mill performance, in addition to updating the unit’s …

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Germany’s crude steel production decreased by 4.6% in January – July 2023

In July this year, crude steel production in Germany fell 0.5% year-on-year to 2.96 million tonnes, according to information provided by the German steel association Wirtschaftsvereinigung Stahl (WV Stahl). From January to July this year, Germany’s crude steel production fell 4.6% year on year to 21.48 million tonnes. Germany’s iron ore production reached 2.08 million …

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The European Union calls Washington to find a compromise to end the dispute over steel

The European Union Trade Commission warned of the repercussions of the continuation of the US-European steel dispute and called for the need to find a compromise to end the confrontation between the two parties. In 2018, former US President Donald Trump imposed tariffs of 25 per cent on steel and 10 per cent on aluminium …

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Report: European Union investment Growth in steel-making projects using electric furnaces

The EU continues to invest in several EAF steelmaking projects planned or underway in Europe, often with government subsidies. They also receive funding from the European Union, which increases the expectations of growing demand for scrap under these circumstances. Most often, these projects are based on plans to decarbonize production. The investment is being combined …

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ArcelorMittal plans to restart its blast furnace (A) at its Gijon, Spain plant in July

ArcelorMittal, one of the largest steel producers internationally, has announced plans to restart the blast furnace (A) at its plant in Gijon, Spain. The unit was shut down on March 22, 2023, when a fire broke out in the blast furnace during scheduled maintenance. The fire is believed to have been caused by an internal …

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The UK extends anti-dumping duties on thick sheet steel from China

The UK will maintain the anti-dumping measures on plate steel from China for another five years, stated in a message on the British Government’s website. The Government backed the Trade Remedies Authority’s (TRA) recommendation that the UK industry would suffer if the measures were lifted. In the UK, there are two producers of thick sheet …

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Britain has extended the duties abolition imposed on Ukrainian steel imports for one year

The Government of Great Britain (UK) has accepted the recommendation of the UK Trade Remedies Authority (TRA) to extend the suspension of anti-dumping measures on flat steel and hot rolled steel coils imports from Ukraine for another 12 months. This was stated in the message on the British government website. Anti-dumping duties on the import …

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The European Union extends anti-dumping duties on imported thick-rolled steel from China

The European Commission (EC) extended the EU’s anti-dumping duties on certain types of thick rolled-steel imports from China. The duty rate remained at 65.1%-73.7% level. The relevant decision was made after the post-tariff anti-dumping investigation was conducted in 2017. Products are governed by CN Codes ex 7208 51 20, ex 7208 51 91, ex 7208 …

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Germany’s steel industry requires investments of €16.7 billion to decarbonise by 2050

According to Reuters, the German industry will need investments of about 52 billion euros to get closer to climate neutrality by 2050, according to a study conducted by the German investment group Allianz Trade. According to the study, the steel industry ranks first among the sectors that will need €16.7 billion in investment for climate …

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Ukraine’s flat steel exports increased by 67% in March

In March 2023, Ukraine’s flat steel products exports increased by 67.3% compared to February 2023, reaching 58.43 thousand tonnes. In monetary terms, these products’ exports increased by 61.4% monthly to reach $38.17 million and by 75.8% compared to March 2022, according to Government Customs Department data. In January-March 2023, Ukraine exported 122.89 thousand tonnes of …

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