Category: Manufacturing

Port Talbot’s Next Chapter: Can Port Talbot’s EAFs Reshape UK Steel?

Port Talbot’s Next Chapter: Can Port Talbot’s EAFs Reshape UK Steel? steel industry at Port Talbot

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 […]

After Global Steel Production Dipped in 2024, What’s Next for the Industry?

After Global Steel Production Dipped in 2024, What’s Next for the Industry? AdobeStock 345374024

According to the World Steel Association, global crude steel production in 2024 declined by about 1% year-on-year. With the data released, organizations now want to determine where steel prices might go for the rest of 2025. On January 24, the Brussels-based association stated that total volumes for the year were just over 1.88 billion metric […]

China’s Steel Sector Faces Uncertain Future Amid Economic Challenges

China’s Steel Sector Faces Uncertain Future Amid Economic Challenges AdobeStock 386300929 Editorial Use Only

The output of the world’s largest steel industry, China, fell 1.7% last year, a fact that continues to raise many questions about its future direction. This drop continued the downward trend from the 2020 peak of 1.065 billion tons, bringing the 2024 output down to 1.005 billion metric tons. However, even as China’s own steel […]

Weak Markets Forces Swiss Steel to Trim Jobs and Revenues

Weak Markets Forces Swiss Steel to Trim Jobs and Revenues AdobeStock 334035536 Editorial Use Only

Specialty and stainless longs producer Swiss Steel recently reached an agreement on a plan to reduce the workforce at its production site in Lucerne Canton, in central Switzerland. The move represents another blow to the European steel industry, which continues to struggle. The Lucerne-headquartered company now plans to reduce up to 50 positions at its […]

EU Steel Imports Soar 12% as Importers Race Against Anti-Dumping Duties

EU Steel Imports Soar 12% as Importers Race Against Anti-Dumping Duties EU steel imports and anti-dumping

Steel imports into the European Union rose by an average of more than 12% year on year in the first ten days of Q1 2025. As of January 13, information from Germany-headquartered Metals Consulting International (MCI) indicated that total steel industry import volumes transacted under Tariff Rate Quotas totaled 2.2 million metric tons. This far […]

How the Steel Council Aims to Rebuild Britain’s Steel Industry

How the Steel Council Aims to Rebuild Britain’s Steel Industry steel industry

The UK government’s Department for Business and Trade has set up a committee called the Steel Council to secure long-term steelmaking in the country, where the steel industry continues to struggle. According to a January 7 statement from the ministerial department, the new council will provide advice on rebuilding the sector as well as its […]

Raw Steels MMI: Nippon Acquisition of U.S. Steel Blocked, Bad News for Steel Buyers

Raw Steels MMI: Nippon Acquisition of U.S. Steel Blocked, Bad News for Steel Buyers u.s steel/steel prices

The Raw Steels Monthly Metals Index (MMI) remained sideways with a slight downside bias, falling 1.49% from December to January. Meanwhile, the blocked sale of U.S. Steel could significantly affect steel prices in 2025. Biden Blocks Nippon-U.S. Steel Sale After the Committee on Foreign Investment in the U.S. (CFIUS) came to a split decision, the […]

Indonesian Firms Rush to Capitalize on Nickel

Indonesian Firms Rush to Capitalize on Nickel Raw nickel lumps. The monthly nickel price

According to a Forbes report, the nickel business has become so lucrative that billionaire Kiki Barki, who built his fortune in coal mining, is now steering his Harum Energy toward nickel. Harum accelerated its nickel expansion this year through a series of strategic deals. Meanwhile, nickel prices ended 2024 below their 2023 close. Harum Makes […]

EU Steel Crisis: Will Safeguards Save the Day?

EU Steel Crisis: Will Safeguards Save the Day? EU steel industry

In response to an ongoing crisis threatening the EU steel industry, the European Commission recently initiated a review of steel safeguards on imports. The move followed a request by 13 member states within the European Union. “The request is based on the challenging situation facing the EU steel sector, which has been exacerbated by an […]

Hot Rolled Coil Prices in Europe Increase: Mills Push for Revenue Recovery

Hot Rolled Coil Prices in Europe Increase: Mills Push for Revenue Recovery AdobeStock 94576008

Prices for hot rolled coil in Western Europe have risen further in the past month as mills seek to regain lost revenue from the declines of 2024. As the steel industry looks to 2025, this could have significant implications for prices and partnerships. “People are buying before year’s end. I’ve got several bids,” one market […]

Scroll to Top