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ArcelorMittal will close the Krakow tube plant
ArcelorMittal Tubular Products plans to cease production at its welded tube plant in Krakow by the end of March 2024 due to the weak market and negative economic outlook. The company is in negotiations with trade unions to find solutions for workers affected by the...
Steel: European HRC producers continue to push up prices
The European hot-rolled coil (HRC) market reacted strongly on Friday, 1 December, with new offers from producers who have not closed deals. Despite cautious buying, most sources agree that there is still room for a price increase in the region due to reduced supply....
Steel: Acciaierie d’Italia shuts down blast furnace No. 2
Acciaierie d'Italia will shut down blast furnace No. 2 from 4 to 11 December, leaving only one blast furnace in operation. This is the first time in the company's history. The reason for the shutdown is that the raw material transfer belt has worn out and become...
Iron ore: India intends to change the sales price formula
India intends to change the formula for setting the average selling price of iron ore, a key raw material for steel production. After the Ministry of Mines pointed out that some iron ore miners have tried to keep the average selling price artificially lower in order...