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steel - Latest news GMK Center

Photo – China’s steel inventories reached a 13-month high
China’s steel inventories reached a 13-month high

Steel production in the country continues to grow, while demand has declined due to the coronavirus outbreak

Photo – White House considers suspending tariffs on Ukraine-made steel
White House considers suspending tariffs on Ukraine-made steel

Special duty on hot-rolled thick sheets, hot-rolled coils, rebar and pipes are among the most painful for Ukrainian steelmakers

Photo – Security measures of Western markets after all showed their vulnerability
Security measures of Western markets after all showed their vulnerability

World steel industry is a leader in protectionism among industries

Photo – How Russian steel exports are killing the MENA market
How Russian steel exports are killing the MENA market

Russian companies are dumping, offering discounts in search of a market for exports

Photo – US ensure domestic iron and steel are used for its $1 tln infra project
US ensure domestic iron and steel are used for its $1 tln infra project

The Biden administration issued new requirements on April 18

Photo – European Union increased its steel imports from India by 76%
European Union increased its steel imports from India by 76%

The biggest consumers of Indian metal products in the EU were Italy and Belgium

Photo – UK bans import of Russian iron & steel
UK bans import of Russian iron & steel

The decision comes into force on April 14

Photo – ArcelorMittal in Q1 down rolled steel output by 25%
ArcelorMittal in Q1 down rolled steel output by 25%

Iron, and steel production for three months also decreased

Photo – US Senators ask Biden to lift 25% duty on steel import from Ukraine
US Senators ask Biden to lift 25% duty on steel import from Ukraine

The metallurgy has the key role for the post-war recovery, note American politicians

Photo – Metinvest in US, Europe switches to self-sufficiency
Metinvest in US, Europe switches to self-sufficiency

The decision was made due to production shutdown in Ukraine under Russian invasion

Photo – “Dneprospetsstal” suspended the work of hot production sites
“Dneprospetsstal” suspended the work of hot production sites

Steel smelting, and hot deformation processes halted for technogenic safety

Photo – Ukraine has lost 0.7% of annual steel production for 5 days of war
Ukraine has lost 0.7% of annual steel production for 5 days of war

Since the beginning of the war between Russia and Ukraine, our country has not received $95 million from the export of iron & steel products

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