Tag: Steel

Imports Put Bearish Pressure on European Steel Mills

Imports Put Bearish Pressure on European Steel Mills blurred-background-of-hot-rolled-steel-coil-2

Market participants report that prices for hot rolled coil in northern Europe continues to decline. The cause for the alarming steel news mainly concerns pressure from imports. Additionally, low demand and oversupply have been contributing factors in price fluctuations, with the problem persisting since early April. “The problem is not with Germany, but rather with […]

Sliding Iron Ore Prices Show China’s Recovery is Still Dragging

Sliding Iron Ore Prices Show China’s Recovery is Still Dragging man-looking-at-a-declining-graph-with-chinese-flag

The iron ore slump shows that the Chinese economy continues to struggle. Moreover, if things on the steel front do not improve quickly, demand will be low for the rest of the year. Indeed, the decline in iron ore prices, which recently hit a five-month low, has many analysts worried about the robustness of China’s […]

Tata Steel’s UK Plant Struggling with Rising Costs and Decarbonization Challenges

Tata Steel’s UK Plant Struggling with Rising Costs and Decarbonization Challenges screenshot-2023-05-15-at-1-03-13-pm

Difficult trading conditions and a lack of clarity over state aid have put the future of Tata Steel’s UK plant into doubt. The Indian parent group also warned that current conditions would soon affect Tata Steel prices at Port Talbot. “A stress test conducted by the board to assess the potential impact of the economic […]

Raw Steels MMI: U.S. Steel Prices Slide as Construction Sector Poses Long-Term Risk

Raw Steels MMI: U.S. Steel Prices Slide as Construction Sector Poses Long-Term Risk rolls-of-galvanized-steel-sheet-inside-the-factory-or-warehouse-2

The Raw Steels Monthly Metals Index (MMI) moved down from April to May as all its components declined. After sharp upside movement during March, flat rolled steel prices saw their four-month uptrend falter throughout April. Meanwhile, hot rolled coil prices had risen over 82% from the beginning of the early December uptrend until prices peaked […]

Tata Steel Trials Injecting Hydrogen Gas into Blast Furnace to Cut Carbon Emissions

Tata Steel Trials Injecting Hydrogen Gas into Blast Furnace to Cut Carbon Emissions hjfhgjkdhg

India’s steel giant, Tata Steel, recently announced it had successful injected hydrogen into one of its blast furnaces. Many tout it as the world’s first such experiment by a steelmaker on so vast a scale. The goal of such a process is to potentially reduce carbon dioxide emissions by replacing up to 20% of the […]

What’s Behind Declining Steel Prices in Northern Europe?

What’s Behind Declining Steel Prices in Northern Europe? ghgj

Hot rolled coil steel prices in northern Europe began declining over the past month. Sources told MetalMiner on April 25 that the downtrend was largely due to lower demand and aggressive import offers. One trader mentioned that North European mills are now offering €820 ($900) per metric ton EXW for August rolling and September delivery. […]

Renewed Steel Demand in China Causing Iron Ore Production to Rise

Renewed Steel Demand in China Causing Iron Ore Production to Rise dsfff

For the 1st quarter of this year, China’s iron ore imports hit a Q1 record. Altogether, prices climbed nearly 10% from January to March, reaching 29.3 million tons (MT). Indeed, March alone saw imports grow 1.8% to 100.23 MT. Helping these numbers were expectations of stronger steel demand as the Chinese economy continues to emerge […]

How Can Steel Procurement Professionals Survive a Recession?

How Can Steel Procurement Professionals Survive a Recession? dewf

The irony is not lost on steel buyers when they hear the phrase “the cold, hard truth.” After a massive spike at the beginning of March, HRC, CRC, and HDG steel prices are finally losing momentum. However, as any savvy procurement professional knows, they are not out of the woods yet. Recession indicators continue to […]

India to Heavily Increase Steel Production

India to Heavily Increase Steel Production production-and-trade-of-metal-products-in-india-concept-3d-ren-3

The latest steel news reports that Indian steel production is expected to increase throughout 2023. The information comes directly from sector experts and the head honchos of steel companies themselves. So, aside from being welcome, it is an opinion with a fair amount of clout behind it. According to research agency ICRA, steel demand in […]

ThyssenKrupp to Construct a Fresh Annealing Line in Bochum

ThyssenKrupp to Construct a Fresh Annealing Line in Bochum kiel-schleswig-holstein-16-september-2022-wirtschaftsministe

German steel-making group ThyssenKrupp has started construction on a new annealing line at its Bochum works. The project aims to produce steel for electricity generators and electric vehicles. Annealing is a heat-treating process of rolled steel, which changes its mechanical and electrical properties. The process is either done by coil, known as batch annealing, or […]

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