Category: Steel
Overcapacity Risks a ‘Race to the Bottom’ on Steel Prices
Global steel overcapacity keeps prices under pressure, outpacing production cuts, tariffs, and defense measures.
Steelmakers’ Cuts Fail to Support North European Prices
Northern European steel prices stay weak despite production cuts amid soft demand and ample inventory.
Rio Tinto and Baowu Launch Western Range Iron Ore Mine in Pilbara
Rio Tinto and Baowu inaugurate Western Range iron ore mine in Pilbara, boosting annual output and Sino-Australian…
McKinsey Predicts Growing Demand for Recycled-Content Metals by 2035
McKinsey forecasts rising demand for recycled-content metals, highlighting supply challenges through 2035.
Tariff Dispute Reveals Divide Between Steel and Aluminum Sectors
Steelmakers support higher tariffs, while aluminum producers urge caution over economic and supply chain risks.
Steel Packaging Achieves Record 82% EU Recycling Rate in 2023
Steel packaging hits 82% recycling rate in EU, setting a new record and boosting circular economy goals.
White House Announces 50% Tariff Increase on Steel and Aluminum Imports
U.S. government raises steel and aluminum tariffs to 50% with exemptions for the U.K. and potential impacts on U.S….
Cronimet Sales Decline in 2024 Due to Low Metal Pricing and Economic Uncertainty
Cronimet Holding Group sees 12.7% drop in sales for 2024 due to low metal pricing, geopolitical uncertainty, and weak…
New 50% Steel Import Tariff to Restart US Price Rises
The US doubles steel tariffs to 50%, causing steel prices to surge and impacting both domestic and international markets.
LIBERTY Galați Resumes Steel Production After Year-Long Downtime
LIBERTY Galați restarts production after a year of downtime, aiming to boost Romania’s steel output and support…
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