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meta  30/10/2024
UK STEEL SECTOR SETS OUT MANIFESTO STRATEGY TO SECURE FUTURE OF STEEL
Steel is vital to the UK economy, supporting thousands of jobs across key sectors while facing significant challenges from rising imports and declining competitiveness.
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meta  30/10/2024
TATA STEEL AND UK GOVERNMENT AGREES £500 MILLION GRANT FUNDING AGREEMENT AS PART OF £1.25BN LOW-EMISSION STEEL PACKAGE
Tata Steel and the UK Government have signed a £500 million grant agreement for a new Electric Arc Furnace at Port Talbot, representing a £1.25 billion investment aimed at revitalizing the UK steel industry amidst challenging market conditions.
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meta  30/10/2024
August 2024 crude steel production
As of August 2024, global steel production showed a decline in some regions and an increase in others, based on data covering approximately 98% of total production from 71 countries.
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meta  30/10/2024
Japan, Vietnam, Taiwan to bust EU HRC quota
Japan, Vietnam, and Taiwan are set to exceed their safeguard duty-free allowances for hot-rolled coil (HRC) exports to the EU by October 1, while the European steel producers' association calls for stricter import restrictions amid record HRC imports this year.
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meta  30/10/2024
Japan, South Korea target Chinese steel with new anti-dumping measures
Japan and South Korea have initiated anti-dumping measures against Chinese steel amid growing concerns over the impact of cheap imports, with Japan seeking to expand duties and South Korea launching an investigation into stainless steel plates.
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meta  30/10/2024
US, Mexico agree to new rules on Chinese steel, aluminum imports
The U.S. and Mexico introduced stricter import rules to prevent Chinese-made steel and aluminum from bypassing tariffs, aiming to strengthen North American supply chains and protect domestic industries.
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meta  30/10/2024
India’s finished steel imports from China hit 7-year high in April-August
India's finished steel imports from China hit a seven-year high, while domestic demand grew but exports dropped significantly.
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meta  30/10/2024
Turkey’s long steel quotes continue to rise
Turkish mills raised prices, but high rates weakened demand, though China’s recovery offers market optimism
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meta  30/10/2024
Russia’s USM Group threatens legal action against Kyiv over seizure of its steel assets in Ukraine
USM Group plans legal action after Ukraine’s anti-corruption court confiscated 165,000 tonnes of iron ore belonging to its trading arm.
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