steel industry

InVenture put up for sale a rolling mill plant for $5 million

The enterprise, located in the city of Dnipro, is one of the largest producers of pig iron rolls in Ukraine

The Russian steel industry expects capacity underutilization according to the results of 2022

Steel consumption in the Russian Federation in the second quarter of 2022 decreased by 16% q/q

The Spanish government promised to support the steel industry in the event of energy crisis

In recent months, the country's government has allocated more than €850 million to support local gas and electricity-intensive industries

European steelmakers to help politicians overcome the energy crisis – EUROFER

Current gas and electricity prices threaten the viability of the industry in Europe, the association believes

Turkish rolled steel producers are considering the possibility of stopping production

The main reasons are low demand for steel products and high energy costs

The German government’s gas decision will lead to losses for steel companies

For some steel companies, additional costs can amount to €17,000 per worker

European steelmakers stop their capacities en masse in summer

Due to weak demand, iron and steel companies are forced to cut production

Voestalpine will invest €100 million in the expansion of the hot-dip galvanizing line in Linz

In the next few years, the company plans to expand the plant's capabilities to meet the future demand for steel

India approves six new steel projects in Odisha

The projects will expand the capacity of Tata Steel, ArcelorMittal Nippon Steel and other Indian companies

Chinese steelmakers’ business expectations reached a minimum in June

No expectations for significant improvements in July too

Iron ore prices decline threatens Ukraine’s exports

Panic is at the raw materials and metal markets