Iron ore futures were poised for a third straight weekly rise as prices largely consolidated gains on Friday, with improving demand in top consumer China countering higher portside inventories.
Stainless steel prices in Asia are robust and rising due to a significant market recovery. Supply situation in some markets remains tense. And the reporting season starts in Asia. Significant earnings growth expected for IT,…
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 161.2 million tonnes (Mt) in March 2024, a 4.3% decrease compared to March 2023.
In March 2024, US steelmakers increased imports of rolled steel products by 14.7% compared to February this year, to 2 million tons. This is evidenced by data from the American Iron and Steel Institute (AISI).
One of the largest steel processors and distributors in the U.S. will be opening a 100,000-square-foot facility at the Ports of Indiana-Jeffersonville site.
Back in 2018, tariffs were all over the headlines. Then-President Donald Trump imposed a number of different duties on goods the U.S. imports, including some on aluminum and steel made in China. And when President…
President Joe Biden is calling on Wednesday for sharply higher U.S. tariffs on Chinese metal products as part of a package of policies aimed at pleasing steelworkers in the swing state of Pennsylvania, at the…
China's iron ore imports in March rose about 0.5% from a year earlier, customs data showed on Friday, amid expectations that demand will pick up after the Lunar New Year holiday break as steelmakers typically…
Global rebar prices declined in most major regions in early April. The main negative factor remains unfavorable conditions in the Chinese steel market and weak demand.
he US Justice Department has opened an extended antitrust investigation into Nippon Steel’s $14.1 billion takeover bid for United States Steel Corp., creating additional legal hurdles to completing the deal, according to three people familiar…
The World Steel Association (worldsteel) has today released its Short Range Outlook (SRO) steel demand forecast for 2024 and 2025. worldsteel forecasts that this year demand will see a 1.7% rebound to reach 1,793 Mt.…
Iron ore prices in 2024 will range between $99-100 per tonne. In the second quarter and fourth quarter, prices will be at $100/t, and in the third quarter – $99/t.
India was a net importer of finished steel during the 2023/24 financial year that ended on March 31, according to provisional government data seen by Reuters on Monday.