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WSM federation calls for cooperation between German producers
According to the trade association WSM, producers and processors at various levels of steel and metal products must go hand in hand with their trading partners in times of erratic price increases. The next wave of steel prices and drastic increases in energy prices is...
Steel: European buyers increasingly concerned about wire rod supplies
The EU long steel import market was already under pressure from the safeguard measures imposed by the bloc, but sanctions against Russia and Belarus have exacerbated the situation. One of the results has been that wire rod buyers have become increasingly concerned...
ArcelorMittal acquires 80% of US-based Voestalpine’s HBI plant
ArcelorMittal has announced that it has signed an agreement to acquire an 80% interest in Voestalpine's Hot Briquetted Iron ("HBI") plant, located in Corpus Christi, Texas. Voestalpine will retain the remaining 20%. The transaction values the Corpus Christi operations...
Steel: German stocks fall as sales rise
German steel product inventories fell in March, while sales increased, indicating growing market demand. The country's steel product inventories fell to 2.23 million tonnes in March, down 1.79% from 2.27 million tonnes in February, but above the 2021 monthly average...