steel production

Indian government may reduce export duty on steel and iron ore

India's imports of iron ore and steel are rising amid declining exports, requiring government action to remedy the situation

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ArcelorMittal has reduced HRC prices in Europe by €40/t

In early September 2022, the company raised product prices, but the determination quickly weakened due to low demand

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The Italian rolling mill Arvedi shut down three electric arc furnaces

High electricity prices and low demand for steel forced the company to shut down two furnaces in Cremona and one in Terni

US Steel has shut down a blast furnace at its Gary Works plant in Indiana

The company reduced the plant capacity due to the high level of imports and unfavorable conditions in the flat rolled market

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China to increase exports of value-added steel products – CISA

The country's steelmakers are called to promote investment and development of foreign steel projects

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Steel distributors in the EU are calling on producers to cut capacity

Steel production must be cut until the market returns to a balance between supply and demand

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ArcelorMittal predicts a decline in steel production in Europe in the fourth quarter of 2022

The company expects to reduce production at its European facilities in the fourth quarter of 2022 by 1.5 million tons per year

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The EU to set a price ceiling for electricity at €180 MWh

The cap will apply directly to the price of electricity produced by non-gas plants

Western sanctions had almost no effect on the work of the Russian iron and steel industry

After 6 months of war, steelmakers from the Russian Federation are experiencing difficulties with exporting products and buying spare parts for equipment

Turkish Ekinciler invests $25.2 million to increase the capacity of the steel plant

As part of the project, the company plans to increase the production of billets, rebar, wire rod and bars

Yahoo Finance
India’s steel export duty will act until at least December 2022

The effect of the export duty in the next few months will be a stabilizing factor in the market and will prevent its volatility

Exports of long products from Ukraine decreased 67.3% y/y over 8 months 2022

Due to the blockade of Ukrainian sea ports, the EU remains the main export destination

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