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Iron ore slides to nearly one-week low on subdued Chinese steel ...
iron ore market singapore
Wed, 24 Apr 2024 00:00:00 GMT
Iron ore futures prices extended losses for a second straight session on Tuesday to their lowest level in nearly one week on signs of softening in the steel market due to subdued demand in top consumer China. The most-traded September iron ore contract on Chinas Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade down 1.91% at 849 yuan ($117.17) a metric ton, its lowest since April 17. The benchmark May iron ore SZZFK4 on the Singapore Exchange slipped 2.88% to $112.85 a ton, as of

https://www.hellenicshippingnews.com/iron-ore-slides-to-nearly-one-week-low-on-subdued-chinese-steel-market/

Imports put strong pressure on rolled metal prices in Europe
europe market steel
Tue, 23 Apr 2024 14:50:02 GMT
Prices for flat-rolled steel in Europe fell this week due to increased import activity, forcing European producers to adjust their offerings

https://metallurgprom.org/en/news/europe/14923-import-okazyvaet-silnoe-davlenie-na-ceny-metalloprokata-v-evrope.html

Why Ukrainian businesses need to start the green transition now
ghg interpipe investment ukraine
Tue, 23 Apr 2024 10:00:00 GMT
Back in 2012, Interpipe built a modern electric arc furnace complex and reduced greenhouse gas emissions by 10 times

https://gmk.center/en/opinion/why-ukrainian-businesses-need-to-start-the-green-transition-now/

Uniper Inks Green Hydrogen Supply Deal For Salzgitters Steel ...
germany ghg production salzgitter steel
Tue, 23 Apr 2024 00:00:00 GMT
Power Apr 23, 2024 Uniper inks green hydrogen supply deal for Salzgitters steel production German steel producer Salzgitter has signed a pre-contract for the offtake of Uniper-produced green hydrogen... View

https://www.h2-view.com/story/uniper-inks-green-hydrogen-supply-deal-for-salzgitters-steel-production/2109078.article/

POSCO Named World Steel Associations Sustainability Champion ...
korea posco steel
Tue, 23 Apr 2024 00:00:00 GMT
POSCO Named World Steel Associations Sustainability Champion for Third Consecutive Yea

https://newsroom.posco.com/en/posco-named-world-steel-associations-sustainability-champion-for-third-consecutive-year/

Bureaucratic delays threaten support for transition: Eurofer
eurofer europe investment steel
Tue, 23 Apr 2024 00:00:00 GMT
European Resilience Fund money, meant to support investment by steelmakers into cleaner technology...

https://eurometal.net/bureaucratic-delays-threaten-support-for-transition-eurofer/

Severstal reports Q1 2023 operational results
results severstal steel
Tue, 23 Apr 2024 00:00:00 GMT
Severstal announces that in Q1 2023 crude steel production was almost flat qoq and stood at 2.7 mln tonnes (-1% qoq). Consolidated steel sales followed production dynamics and decreased slightly, by 1% qoq to 2.77 mln tonnes. Production: Hot metal output decreased by 4% qoq to 2.72 mln tonnes on the back of planned repairs on BF Nos. 3, 4 and 5. Crude steel production, however, was lower by only 1% qoq and amounted to 2.7 mln tonnes due to increased crude steel output at EAF facilities.

http://www.metalinfo.ru/en/news/160361

Fortescue Ltd. Sponsored ADR (FSUGY) Upgraded to Strong Buy: ...
fmg results
Mon, 22 Apr 2024 16:00:10 GMT
Fortescue Ltd. Sponsored ADR (FSUGY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near

https://finance.yahoo.com/news/fortescue-ltd-sponsored-adr-fsugy-160010883.html?.tsrc=rss

Zekelman Industries to invest $120 million in Arkansas expansion
tube
Mon, 22 Apr 2024 11:25:00 GMT
Independent steel pipe and tube manufacturer Zekelman Industries will invest up to $120 million to expand the manufacturing capabilities and product offerings of its subsidiary, Atlas Tube, in Blytheville, Ark. The project will allow the company to manufacture inline steel tube

https://www.thefabricator.com/tubepipejournal/news/tubepipeproduction/zekelman-industries-to-invest-120-million-in-arkansas-expansion

Nucor (NUE) Misses Q1 Earnings Estimates
nucor results usa
Mon, 22 Apr 2024 00:00:00 GMT
Nucor (NUE) delivered earnings and revenue surprises of -4.42% and 1.33%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the

https://www.zacks.com/stock/news/2259624/nucor-nue-misses-q1-earnings-estimates

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Regional News and Industry Developments

Middle East Announcements

Ukraine: steel billets exports to Turkiye up in February 2024
steel trade ukraine
Thu, 11 Apr 2024 00:00:00 GMT
In February, Ukraine exported 9.69 thousand tons of steel billets to Turkiye. In February 2023, insignifican't volumes were exported (54 tons). In January-February, Ukraine exported 30.68 thousand tons of billets to Turkiye. Ukraine accounted for 7% of Turkiyes steel billets imports. (Ukrainian

IMIDRO invests $32m to develop infrastructure in mining zones
imidro iran
Tue, 12 Mar 2024 18:00:04 GMT
TEHRAN - The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has invested more than 16.285 trillion rials (about $32 million) for the development of infrastructure in the countrys mining zones in the first 11 months of the current Iranian year (ends on March

Global scrap prices fall under pressure from uncertainty in the ...
market scrap turkey
Tue, 12 Mar 2024 00:00:00 GMT
Turkish steelmakers have suspended purchases

Africa Media Releases

Belarus: BMZ to increase steel exports to Africa
steel trade ukraine
Mon, 01 Apr 2024 00:00:00 GMT
Belarus Iron and Steel Works intends to supply at least 200 thousand tons of steel to Africa in 2024. Last year, the company exported 140 thousand tons there. As of March, the company was already producing 200 thousand tons of steel per month. (Ukrainian

Anglo American South Africa iron ore mines assessed on responsible ...
anglo iron ore south africa
Wed, 27 Mar 2024 00:00:00 GMT
Anglo American South Africa iron ore mines assessed on responsible mining standard Wednesday, 27 March 2024 10:00 Anglo Americans Sishen and Kolomela iron ore mines in South Africa have been assessed against the IRMA comprehensive mining

China Baowu plans to invest about $1 billion ...
baowu guinea iron ore
Wed, 31 Jan 2024 09:47:24 GMT
The world’s largest steelmaker, China Baowu Steel Group, has raised 10 billion yuan ($1.4 billion) through a bond issue, partly for the large-scale Simandou iron ore project in Guinea. Nasdaq reports this with reference to the company’s report on the Shanghai Stock Exchange. The capital raised through the issuance of three-year fixed-rate bonds with an … The post China Baowu plans to invest about $1 billion in the development of Simandou appeared first on

South America Industry Headlines

Beltrame Group - Partnership Chalibria
ghg steel vale
Fri, 19 Apr 2024 00:00:00 GMT
More and more players throughout the value chain believe in #Chalibrias certified carbon neutral steel. According to international greenhouse gas standards, buying #Chalibria allows customers to reduce their indirect emissions and to declare an equivalent reduction in the category of goods purchased for Scope 3. #afvbeltramegroup SIDERGAMMA s.r.l.

Vale reaches 100% renewable energy consumption target in Brazil
brazil vale
Tue, 16 Apr 2024 00:00:00 GMT
Vale reaches 100% renewable energy consumption target in Brazil Tuesday, 16 April 2024 10:00 Vale has announced that all of the electricity used in its Brazil operations in 2023 came from renewable sources, two years ahead of its scheduled

Vale operations in Brazil now 100% renewable energy-powered
brazil vale
Mon, 15 Apr 2024 00:00:00 GMT
Vale (NYSE: VALE) announced Monday it had achieved its goal of running all of its Brazilian operations based on renewable energy sources, two years

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