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Liberty Steel wins and acquires Hungary’s Dunaferr for $61 million
Liberty Steel recently won a bid to take over Hungary's Dunaferr. According to the Hungarian Ministry of Economic Development, a local court has put the integrated sheet metal producer into liquidation at the end of 2022. Liberty will pay 55 million euros ($61...
Stainless steel: Russia’s imports fell by 9.3% month-on-month in June
Russia's stainless steel imports amounted to 41,970 tonnes in June this year, down 9.3% from the previous month, according to a statement released by the Russian Union SpetsStal. In the aforementioned month, imports of cold-rolled stainless steel decreased by 5% from...
Pig iron: Turkish imports increased by 9.3% in January-May
Turkey's pig iron imports totalled 173,449 tonnes in May this year, up 21.4% on the month and 68.1% year-on-year, according to data provided by the Turkish Statistical Institute (TUIK). The value of these imports was $83.91m, up 15.9% on the month and 11.1%...
German construction orders fall for 13th month
According to the Hauptverband der Deutschen Bauindustrie (Bauindustrie), German construction companies are pessimistic about their medium-term outlook and expect activity to weaken further in the second half of the year. The association cites a survey in which 39 per...