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Crude steel: Italian production down 4.4% in October
Italy's total crude steel production fell 4.4% year-on-year to 1.93 million tonnes in October this year, according to data released by the Italian Steel Producers Association. In the first ten months of the year, however, total crude steel production fell 3.4%...
Crude steel: world production up 0.6% in October
The World Steel Association announced that world crude steel production was 150 mt in October, down 0.3% for the month and up 0.6% year-on-year. In the January-October period, world crude steel production stood at 1.57 bn tonnes, up 0.2% year-on-year. In October,...
Steel: China’s demand outlook for 2024 is optimistic
According to Yuan Wenjiong, CEO of Dao Fortune, the outlook for steel 2024 is better due to the slight recovery of steel demand in China. China's real estate sector, which has been the main support for steel demand in previous years, is declining and this trend is...
Thyssenkrupp records $2.3 billion write-down on steel division
Germany's Thyssenkrupp on Wednesday announced a €2.1 billion ($2.3 billion) write-down on its steel unit due to a "gloomy" outlook, highlighting the difficulty of winning over Czech energy group EPH as co-owner of the business. As a result of the write-down,...