According to the latest data from the Organization for Economic Cooperation and Development (OECD), the global steel industry’s excess capacity is projected to rise from 602 million tons in 2024 to 721 million tons in 2027—a figure that is more than five times the steel production capacity in the European Union.

Five countries—Brazil, Oman, Bahrain, Sweden, and Canada—controlled 95.6% of Egypt’s total imports of iron ores and concentrates, valued at $1.584 billion in 2024.

Bu göstərici 2024-cü ilin eyni dövrü ilə müqayisədə 948 ton və ya 31,9% çoxdur. Belə ki, ötən ilin ilk iki ayında ölkədə 2 972 ton metaldan konstruksiyalar istehsal olunub.

702,000 tonnes of bulk steel were processed at the port in 2024, with material coming from countries including South Korea, Vietnam, Taiwan and Turkey, as well as from Europe.

ArcelorMittal, a leading player in the European steel industry, has announced an increase in its hot-rolled coil (HRC) prices for Northern Europe, setting the new rate at €700 per tonne, up from the previous €680.

Chinese steel exports will remain elevated in 2025 and continue exerting pressure on global markets, while widening overcapacity will push certain third countries to seek alternative outlets and exert import pressure on the EU, the European Commission concluded during its safeguard measure review.

The US is imposing 25pc tariffs on 12 March, while the EU steel safeguard review is expected to meaningfully reduce import volumes. As a result, UK Steel, which represents mills, told Argus current import quotas have been “liberalised year after year when UK steel demand has been shrinking, so there is real concern that the protection offered is not adequate”.

The price uptick reflects heightened market confidence following voluntary production cuts by Chinese steel mills. Leading the reductions, two Xinjiang-based steel producers announced a 10% cut in output, signalling a shift towards supply discipline.

The 69 countries reporting to the World Steel Association (worldsteel) was 144.7 million tonnes (Mt) in February 2025, a 3.4% decrease compared to February 2024.

Hyundai Motor and affiliate Kia Corp (000270.KS), opens new tab, which are expected to source steel from the proposed factory, rallied. Hyundai Motor shares ended up 3.3% after rising as much as 7.5% to their highest since October 2024. Kia closed up 2.1%.

Chinese stainless steel producer Yongjin Technology announced on Monday a $257 million investment to establish a new factory in Türkiye to produce goods for the European market.

Turkey said on Wednesday that Chery Automobile's partners will invest $1 billion in a manufacturing facility in the country with an annual capacity to produce 200,000 vehicles a year.

Nickel imports grew 2.8-fold to $233.38 million, while aluminum imports rose by 29.5% to $895.95 million. Based on London Metal Exchange (LME) prices, the supply volumes are estimated at approximately 72,000 tons, 14,500 tons, and 340,000 tons, respectively.

2025-сi ilin yanvar – fevral ayları ərzində Azərbaycanda 26 min ton polad borular, 69 min ton armatur istehsal olunub. İstehsalın həcmi əvvəlki ilin eyni dövrü ilə müqayisədə müvafiq olaraq 2,1 dəfə və 17,9% artıb.

At the end of winter, South Korea imported 37.6 thousand tons of raw aluminum from Russia, totaling $105.5 million in value. Year-over-year, supply volumes surged by nearly 40% in physical terms and 1.7 times in monetary terms.

The company places significant emphasis on developing new products, noted Oleg Tsyba, Business Development Director at TK "Novostal-M", during his speech at the 20th International Conference “Galvanized and Pre-painted Steel: Production and Consumption Trends.”

Most of all, angles, shapes and special profiles made of unalloyed steel (HS 7216) were imported over the month, amounting to 9.56 thousand tons, up 5.2 times yoy and 2.9 times m/m. Hot-rolled rods and bars made of carbon steel accounted for a significant share of supplies, with 5.04 thousand tons in coils (HS 7213).

Anti-dumping duties were first imposed on China and South Korea on Aug. 15, 2013, following a request from Taiwanese company Yieh United Steel Corp., the administration said.

China’s exports of bismuth sank to 458 tons in February, less than half of last year’s monthly average, according to the country’s customs administration.

Metallurgiya sənayesi və hazır metal məmulatlarının istehsalı sahələrində 2025-сi ilin yanvar-fevral aylarında ölkədə 190,9 milyon manatlıq məhsul istehsal olunub.

The consortium investors interested in taking over ADI are Baku Steel and Azerbaijan Business Development Fund, a person with knowledge of the matter said.The consortium investors interested in taking over ADI are Baku Steel and Azerbaijan Business Development Fund, a person with knowledge of the matter said.

The European Union will cut steel import quotas to reduce imports by an additional 15% starting next April, a move aimed at preventing cheap steel from flooding the European market after Washington imposed new tariffs.

POSCO Holdings Inc. has decided to sell its entire stake in Nippon Steel Corp., according to industry sources on Wednesday, marking the end of their two-decade-long cross-shareholding partnership and signaling rising trade tensions between South Korea and Japan in the steel sector.

According to data published by Eurostat, the Statistical Office of the European Union, in 2024 the European Union demonstrated a strong performance in the trade of iron, steel, and related articles, achieving a total export value of €77.8 billion while importing €73.1 billion worth of these products.