Construction work is tentatively due to start on a dual-gauge rail line between China and the Republic of Mongolia. Reports indicate that the rail line will increase coking coal transport by up to 30%. Current estimates say the project will begin in April, with completion scheduled for 2028. Avoid reactive purchasing metal in uncertain demand […]
Christopher Rivituso
British Steel to Start Consultations on Closing Blast Furnaces
Steel Industry leader British Steel is set to start consultations on permanently blowing down the operating blast furnaces at Scunthorpe. The move comes after the company failed to reach an agreement with the UK government on financial aid for conversion to green steelmaking. “Since 2020, the shareholder of British Steel, Jingye, has invested more than […]
Fire Erupts at Salzgitter Plant: Hot Rolled Coil Production Grinds to a Halt
German flats producer Salzgitter recently announced a force majeure on hot rolled strip following a fire at its Lower Saxony site. A March 4 letter to steel industry customers indicated that a fire resulted in the suspension of production at the company’s hot strip mill. According to reports circulating in German media, a restart of […]
Europe’s Steel War? EU Targets Japan, Vietnam and Egypt with Dumping Tariffs
The European Commission recently implemented provisional dumping tariffs on hot rolled coil imports from several countries. The move follows an investigation initiated in Q3 on behalf of the EU steel industry. The European Union’s executive arm stated in a March 14 release that the new measures will come into force on April 7 and will […]
From Ukraine to Italy: Metinvest’s New Steel Mill, New Era for Steel Industry?
In what will likely be a boon to the Italian steel industry, Ukrainian metals and mining group Metinvest and an Italian equipment provider operating under the name Metinvest Adria recently signed an agreement to construct a new steel plant at the port city Piombino, in western Italy. Metinvest stated that the two parties signed the […]
Copper Titans Unite: Anglo American and Codelco Forge a Game-Changing Alliance
Mining multinational Anglo American recently signed a memorandum of understanding with Codelco to create a new operating company. The reported goal of the copper market shakeup is to increase production from the two companies’ adjacent mines, both of which lie in northeastern Chile. In a February 20 statement, London-headquartered Anglo quoted chief executive Duncan Wanblad […]
Anglo American Offloads Nickel Business for $500M, Here’s Why It Matters
Mining multinational Anglo American recently agreed to sell its nickel business to a subsidiary of MMG Resources, which has its main offices in Beijing and Melbourne, for up to $500 million. The move left many industry insiders speculating how it might relate to current nickel prices and how it might affect them. On February 18, […]
Swiss Steel Bows Out? Major Delisting Signals & Drastic Restructuring Shifts
Swiss Steel Group recently announced plans to voluntarily delist from the local stock exchange. The sustainable steel industry leader partly cited restructuring and reorganization changes as reasons for the move, stating that both had resulted in large and long-term investors becoming its principal shareholders. According to January 24 statement, the resulting low float of its […]
Trump’s Tariffs: EU Warns of ‘Firm and Proportionate’ Counterstrike
European bodies recently criticized U.S. President Donald Trump’s order to introduce tariffs on all steel and aluminum imports entering the country. Meanwhile, experts at home and abroad continue to evaluate how the trade dispute will affect steel prices and aluminum prices. The European Commission, the European Union’s executive arm, recently vowed that it would respond […]
Port Talbot’s Next Chapter: Can Port Talbot’s EAFs Reshape UK Steel?
Tata Steel recently appointed its main contractor for the installation of two planned electric arc furnaces at its Port Talbot works in Wales. As the largest steel industry production site in the UK, Port Talbot is a critical part of the country’s steel industry. As a result, analysts and buyers have been watching the overhaul […]