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Ukraine’s exports of semi-finished steel products to the EU increased by 38.2% In Q1 of 2024

In March 2024, Ukraine’s exports of semi-finished steel products to the EU increased by 10.7% M-o-M and by 78% Y-o-Y, to 110.8 thousand tons. The value of these exports increased by 12.7% month-on-month and 74% year-on-year to €58.94 million. In Q1 of 2024, Ukraine exported 291.6 thousand tons of semi-finished steel products to the EU, …

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China’s rebar output down 12.8 % in January-April

From January to April this year, China’s total rebar production reached 66.306 million tons, down 12.8 percent year on year, according to the National Bureau of Statistics of China.  In the same period, the production of domestic wire rods reached 42.883 million tons, a decrease of 7.1% year-on-year, while the production of welded pipes reached …

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World crude steel production decreased by 5% in April 2024

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 155.7 million tonnes (Mt) in April 2024, a 5.0% decrease compared to April 2023. Africa produced 1.8 Mt in April 2024, up 1.4% on April 2023. Asia and Oceania produced 114.8 Mt, down 5.8%. The EU (27) produced 11.3 …

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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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Fitch expects China’s steel, cement and aluminum production to recover in Q2

Fitch Ratings Agency expected steel, cement and aluminum production in China to recover, with an increase in construction activity from the second quarter of 2024, but indicated that the rise in steel and aluminum production would be greater, supported by better profit margins. The agency said that China’s crude steel production fell by 2% year-on-year …

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ArcelorMittal’s production increased to 14.4 million tons of steel in Q1 of 2024.

ArcelorMittal increased its steel production by 5.1% quarter-on-quarter – to 14.4 million tons in the first quarter of 2024. The figure decreased by 0.7% compared to the same period in 2023. This is stated in the quarterly report published on the company’s website. Iron ore production for the last quarter amounted to 10.2 million tons, …

ArcelorMittal’s production increased to 14.4 million tons of steel in Q1 of 2024. Read More »

Ukraine’s iron ore exports increased 2.3 times in January-April 2024

In April 2024, Ukraine’s iron ore exports increased by 2% compared to the previous month, reaching 3.41 million tons. Compared to April 2023, exports increased twice. This is according to data from the government customs department. Ukraine’s revenues from iron ore exports last April amounted to $265.23 million, a decrease of 14.6% on a monthly …

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Steel demand in India is expected to increase by 8-10% in FY 2024/25

Demand for steel in India in fiscal year 2024/2025 (ending in March 2025) will grow by at least 8-10% compared to the previous fiscal year. This was stated by T.V. Narendran, Managing Director of Tata Steel, BusinessLine reports. He notes that India’s transformation into a net importer is temporary. India’s steel imports are mainly raw …

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Turkey’s wire rod exports increase by 172.3% in Q1 2024

In March this year, Turkey’s wire rod exports amounted to 136,650 metric tons, down by 5.5% compared to February and up by 319.1% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $84.48 million, decreasing by 6.9% compared to the previous …

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SMS Group announces advanced advanced large-diameter pipe production with JCO® technology

SMS group’s JCO® forming press enables precise forming of longitudinally seam-welded pipes. With advanced automation and control systems, the press ensures the production of diameters ranging from 16 to 64 inches and wall thicknesses exceeding 45 mm. This flexibility enables steel manufacturers to cater to diverse market demands while maintaining quality standards. Special sensors integrated …

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Turkey’s steel export value up 19.1% in January – March 2024

According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), in March this year Turkey’s foreign trade deficit decreased by 12.4% to $7.34 billion compared to March 2023. In the January-March period this year, Turkey’s foreign trade deficit went down by 41.5% year on year to $20.34 billion. In March, Turkey’s …

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World crude steel production decreased by 4.3% in March 2024

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 161.2 million tonnes (Mt) in March 2024, a 4.3% decrease compared to March 2023. Africa produced 1.9 Mt in March 2024, up 1.1% on March 2023. Asia and Oceania produced 118.3 Mt, down 5.8%. The EU (27) produced 11.6 …

World crude steel production decreased by 4.3% in March 2024 Read More »

Iron rises to the highest level in 7 weeks due to “Fortescue” and China

The price of iron ore rose to a seven-week high after Fortescue, the fourth-largest producer, said it expected full-year shipments to be at the lower end of the guideline after disruptions affected supplies from Western Australian mines. Futures prices in Singapore rose nearly 5% before paring gains. The company said that exports decreased by 6% …

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Zhongshou Special Steel Group orders Arvedi ESP for transition to green steel production

The festive signing ceremony took place in Vienna on April 17 and saw participation of top-level managers from both companies along with governmental representatives. Primetals Technologies entities in Austria, China, and Germany will supply the complete mechanical scope as well as the process-related electrics and automation solution. The plant is scheduled to be in full …

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China’s steel demand expected to be weak in traditionally stronger Q2

Trade and industrial sources said that overall steel demand in China is expected to remain weak in the traditionally stronger second quarter of this year, after the country’s net exports of semi-finished steel hit their highest level in nearly eight years in March, even as production fell by last year. The sources said that steel …

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Japan Launches Anti-Dumping Probe Into Chinese Graphite Electrodes for Steelmaking

Japan’s trade and finance ministries said on Wednesday they will initiate an anti-dumping investigation into graphite electrodes from China. The electrodes are an industrial material used in electric arc furnace steelmaking. The Japanese government decided to launch the probe in accordance with World Trade Organization agreements and domestic laws, after receiving an application from Japanese …

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