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For squeezed global steel sector, no quick fix in prospect

The global steel industry faces an escalating crisis and any mill closures already in prospect look unlikely to be enough to restore profitability in the sector. Britain’s second-largest steelmaker SSI UK went into liquidation last week, citing a slump in ...

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China slowdown to push steel demand growth down in 2015

Global steel use should grow at a slightly slower pace this year than last because of China’s slow down, although elsewhere steel use is mostly improving and 2016 prospects look brighter, the World Steel Association said on Monday. “We hear ...

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European Steel industry welcomes commitment to safeguard global competitiveness of the industry

The European Parliament’s Environment Committee has adopted changes to the Commission proposal for a Market Stability Reserve (MSR). The committee introduced an earlier implementation already in 2018 instead of 2021 and immediately refers 900 million allowances into the Reserve. In ...

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Asian crude steel output expanded 1.2% in December 2014

According to the recent data published by the World Steel Association, thecrude steel production by Asia recorded marginal rise of 1.2% during the month of December year-on-year. The total crude steel production by China during December 2014 was 68.090 Million tonnes ...

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North American crude steel output up 2.2% in Dec ’14

According to the recent data published by the World Steel Association, the crude steel production by North American countries edged higher by 2.2% during the month of Dec ‘14 year-on-year. The total crude steel production by Canada during Dec ‘14 was 970,000 ...

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Global steel and aluminium in joust for auto space

Business Standard reported that the geographical shift in steelmaking capacity to emerging economies since the 70s has now picked up greater force in the automobile sector. In the global steel production of 1.607 billion tonnes in 2013, the share of ...

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