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Iron ore: China’s imports are expected to reach a record high due to changes in global supply
Contrary to previous forecasts, China may import a record load of iron ore this year. With the fluctuation of the global iron ore price, this could have widespread ramifications. According to a recent report, market analysts say that Chinese ore imports this year...
Steel: Italian steel production down in April
In April, Italy's steel production stood at 1.7 million tons, still down in the yearly comparison, recording a 10.6% drop (a rate, however, slightly lower than the -12.6% drop in March). According to analysis by Federacciai, the Italian federation of steel companies,...
German steel industry seeks government support for decarbonisation
The German steel federation Wirtschaftsvereinigung Stahl (WV Stahl) urges the German government to address the problems of medium-sized steel companies, such as high energy costs compared to the international market, unfair imports due to global overcapacity, and the...
Steel: China’s rebar production fell by 12.8% in January-April
According to data published by China's National Bureau of Statistics, China's rebar steel production fell 12.8% year-on-year in the first four months of 2024 to 66.31 million tonnes. During the same period, the country's wire rod production decreased 7.1% year-on-year...