Long steel producer Bastug Metallurgy will be acquired by a Turkish businessman due to the company’s financial troubles, a company spokesperson told Fastmarkets on Thursday March 28.
28 March 2024
Cem Turken, Serife Durmus
Brazilian steelmaker Usiminas announced on Wednesday March 27 that it will target a 15% reduction of its greenhouse gas (GHG) emissions by 2030 by relying on its revamped No3 blast furnace (BF) and by increasing its scrap and biomass use.
27 March 2024
Gabriela Brumatti
China’s pursuit of carbon neutrality is positive for steel in the mid-to-long term, but negative to prices of steelmaking raw materials amid mills’ attempt to maintain margins, an industry expert said at an conference on Friday March 22.
27 March 2024
Zihuan Pan
China’s crude steel output fell at a slower pace in mid-March compared with earlier in the month, according to data published by China Iron & Steel Association (CISA) on Monday March 25.
27 March 2024
Jessica Zong
Brazilian iron ore producer Vale will develop an industrial briquette unit in the US after being selected by the US Department of Energy (DOE) to begin award negotiations of up to $282.9 million, the company said.
26 March 2024
Gabriela Brumatti
The US could get a new primary aluminium smelter, investments in copper recycling, and projects to decarbonize iron and steelmaking as part of a $6 billion government package announced on Monday March 25.
25 March 2024
Andrea Hotter
Brazilian steel scrap dealers continued to increase their exports in February, to compensate for a weak domestic market, while facing a troubled domestic market with low sales and diverging price trends, national scrap association Inesfa told Fastmarkets on Friday March 22.
22 March 2024
Felipe Peroni
China's slab exports rose in the first two months of 2024, but billet exports dipped, according to data published by the country’s General Administration of Customs on Wednesday March 20.
22 March 2024
Jessica Zong
Compañía Siderúrgica Huachipato (CSH), Chile’s main steel producer, has halted production indefinitely, deeming newly announced anti-dumping duties in the country as “insufficient” against price distortions from Chinese products, parent company CAP Group said on Wednesday March 20.
21 March 2024
Gabriela Brumatti
Demand from the automotive, construction and machinery sectors in Brazil did not recover in February, so there was no expected boost to flat steel sales, with the possible result that first-quarter comparison figures will be negative, national flat steel distribution association Inda said on Thursday March 21.
21 March 2024
Gabriela Brumatti