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Vietnam extends AD measure on color-coated steel from China, South Korea

The Ministry of Industry and Trade (MOIT) of Vietnam announced a five-year extension of the anti-dumping (AD) measures on color-coated steel products originating in China and South Korea, valid until October 23, 2029. The investigating authority determined that the termination of the existing AD measure is likely to lead to the continuation or reoccurrence of …

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Chinese steel stocks rise after industry restructuring proposals

Shares of Chinese steelmakers rose on Monday after an industry association said it would propose new policies to policymakers to reshape the sector in the face of weak demand caused by a property slump. At the close, China’s second-largest steelmaker Anzhang Steel jumped 7.24 percent to HK$1.63, while Maanshan Iron surged 9.1 percent to HK$1.32. …

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Danieli invests €572 million in sustainability projects

Italian equipment manufacturer Danieli plans to invest €572 million in sustainable development projects over the next five years. This was announced by the company’s Vice President Camilla Benedetti, ANSA reports. The most important of the projects, according to Benedetti, is the Digital Green Plant, an eco-friendly line that will allow the company to produce 700 …

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EU starts registration process for HRC imports from four countries

The European Commission has announced that it has started the registration process for imports of HRC from Egypt, India, Japan and Vietnam, which are subject to ongoing antidumping investigations. The registration of imports, which will expire in nine months, will enable the retroactive collection of antidumping duties if necessary. With the registration, the commission aims …

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Malaysia to set up intergovernmental mechanism with China to support steel industry

Malaysia plans to work with China to set up an intergovernmental mechanism to manage capacity and exchange technology in the steel industry. Deputy Minister of Investment, Trade and Industry Liew Chin Tong said the government also called for discussions on steel industry challenges and potential cooperation with China at the Association of Southeast Asian Nations …

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China to Keep high steel exports in 2025

China’s steelmakers are expected to continue exporting large amounts of steel in 2025, potentially exacerbating trade tensions as they grapple with overcapacity and weak domestic demand. The country’s steel exports are expected to exceed 100 million metric tons this year, the highest since 2016, with a 21.2% increase to 80.71 million tons in the first …

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China’s rebar output down 15.7% in January-September 2024

In the January-September period this year, China’s rebar production totaled 145.056 million mt, down 15.7% year on year, according to China’s National Bureau of Statistics (NBS). In the given period, domestic wire rod production amounted to 100.33 million mt, declining by 4.2% year on year, while welded pipe output came to 43.995 million mt, down …

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World crude steel production down 4.7% in September 2024

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 143.6 million tonnes (Mt) in September 2024, a 4.7% decrease compared to September 2023. Africa produced 1.9 Mt in September 2024, up 2.6% on September 2023. Asia and Oceania produced 105.3 Mt, down 5.0%. The EU (27) produced 10.5 …

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For the first time in 6 years, China will account for less than half of global steel consumption

China is expected to account for less than half of global steel consumption in 2024, the first time in six years, according to the World Steel Association. This is due to the contraction of the country’s real estate sector, which is severely affecting demand for the metal. The World Steel Association’s forecasts indicate a divergence …

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Ukraine exported 1.53 million tons of semi-finished products in January-September 2024

in January-September 2024, Ukrainian steelmakers increased exports of semi-finished steel products by 65.5% compared to the same period in 2023, to 1.53 million tons. This is evidenced by data from the State Customs Service. In September, exports of Ukrainian semi-finished products amounted to 224.09 thousand tons, up 12.9% month-on-month and 55.6% y/y. The average monthly …

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China’s Steel Output and Crude Oil Refining Continue to Slump

Chinese steel production and crude oil refining continued to slump in September, while output of other key commodities rose. Steel mills churned out 77.07 million tons last month, the lowest total this year, leaving production in the first nine months down 3.6%, according to the statistics bureau on Friday. Oil refining fell to a three-month …

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China: 104 mln tons of iron ore reserves discovered

The Chinese government announced the discovery of high-grade iron ore deposits in east China’s Shandong Province, with estimated reserves of about 104 million tons. The Shandong Provincial Natural Resources Administration has identified 16 high-grade iron ore deposits in the Xihe-Yuecheng area of ​​China, Xinhua News Agency reported. High-grade iron ore typically has a total iron …

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Britain abandons coal for power generation and closes largest traditional steel mill

Britain has taken steps aimed at reducing carbon emissions and ending the era of reliance on fossil fuels for power generation that began 142 years ago. On Monday, Britain announced its intention to close the country’s last coal-fired power plant, as well as the largest traditional steel plant, making it the only G20 member without …

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Towards decarbonisation.. Britain’s largest steel mill ends production after 100 years

Britain’s largest steel mill will end production later on Monday, when the last blast furnace at Port Talbot in Wales closes after more than 100 years of steelmaking, with the loss of nearly 3,000 jobs. The closure of the last blast furnace at Port Talbot, once Europe’s largest steel mill, caps decades of decline in …

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World crude steel production declined by 6.5% during August 2024

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 144.8 million tonnes (Mt) in August 2024, a 6.5% decrease compared to August 2023. Africa produced 1.9 Mt in August 2024, down 7.2% on August 2023. Asia and Oceania produced 107.1 Mt, down 8.0%. The EU (27) produced 9.1 …

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Turkey’s steel export value up 19.0% in January-August 2024

According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Under secretariat of Customs, in August this year Turkey’s foreign trade deficit decreased by 42.7% to $4.99 billion compared to August 2023. In the JanuaryAugust period this year, Turkey’s foreign trade deficit went down by 33.5 % year …

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Report: Green Steel Industry in the Middle East Gains Global Attention

The talk about green steel is increasing year after year, within the framework of global energy transition and emission reduction initiatives led by Europe, the United States and some major industrial countries. The Middle East and North Africa region is attracting significant European and global attention within the framework of these emerging initiatives, given that …

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