Russia and China influence the situation of the steel industry in Ukraine
The fighting between the pro-Russian separatists and the military units in Kiev, in the south-east of Ukraine, caused a real blow to the steel industry in Ukraine. Which contributed approximately 15% of the economic production in the pre-crisis period. Many factories in Donbas, the industrial heart of the country, have been closed or have reduced […]
Although the ruble has collapsed, Russian steel mills are making a profit
MOSCOW – The collapse of the ruble, which pushed up prices for millions of Russians as the economy slipped into recession, wasn’t bad for everyone, as Russian steelworks are suddenly world champions. Steel producers, including Severstal and Novolipetsk Steel, pay salaries and other expenses in rubles. Time when the profit for exported steel is in […]
China lifts the ban on foreign majority control in the steel sector
China will lift restrictions on foreign control of the steel sector and other industries from April 10. A representative of the Economic Planning Agency declared on Friday (March 13). The ban on foreign control in the steel industry has been in force since 2005. In November, the National Development and Reform Commission requested public discussions […]
China intends to solve the overcapacity in the steel industry by 2017
China will accelerate the reorganization of its iron and steel sector to bring it back to a „balanced level” by 2017, a representative of the Ministry of Industry said. The Ministry of Industry and Information Technology (MIIT) stated that it aims to bring the rate of profit in the industrial environment and the return on […]
European stainless steel tariffs affect China and Taiwan
The European Union imposed tariffs of 25.2% on stainless steel from China and Taiwan. All this to reduce competition for EU producers such as Acerinox SA and Outokumpu Oyj. European steel stocks rose after this announcement. The charges penalize Chinese and Taiwanese exporters of cold-rolled flat products for the alleged practice known as dumping. This […]
The prospects of the steel industry in Saudi Arabia until 2019
Saudi Arabia is one of the richest economies in the Middle East, being also one of the most important consumers of steel in the GCC region. High GDP per capita and population growth, demanding more government attention on infrastructure expansion to maintain economic growth. The development of economic cities to provide civilized areas for both […]
The evolution of the steel industry in the U.S. until 2019
The USA is the third largest steel producer in the world, with a share of almost 5.4% of global crude steel production. Also, one of the most important consumers of steel in the world. The industry benefited from the increase in demand for steel in the automotive industry, construction and in the gas and oil […]
Ukraine’s revenues from the export of ferrous metals decreased in Q1 of 2015
In the January-March period, in Ukraine, the revenues of companies from the export of ferrous metals decreased by 36.3%, up to 2214.45 million dollars, compared to last year. Iron products accounted for 23.41% of total export earnings, down from 24.5% in the previous year. In March, the export of ferrous metals brought Ukraine 825.06 million […]
The steel industry in the United Arab Emirates requests protective measures
The CEO of Emirates Steel warns that the influx of steel imports from China and Turkey into the United Arab Emirates, at prices below the market value, will have a negative impact on the volume of production. Emirates Steel from Abu Dhabi, the largest steel producer in the United Arab Emirates. Has signaled the harmful […]
Calendar of conferences in the steel industry between May and June 2015
The steel industry conferences that will take place between May and June 2015. Made in Steel 2015 Date: Wednesday, May 20, 2015 What scenario will the Italian and European manufacturing industries follow in the next 15 years? „Industry and Steel 2030”, the conference launched in June 2014, with the participation of some of the most […]
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