Steel Industry in China Faces Uncertainty
[ad_1] The output of the world’s largest steel industry, China, fell 1.7% last year, a fact that continues to raise many questions about its future direction. This drop continued the downward trend…
Record Chinese Imports Pose Threat
[ad_1] For India’s steel industry, what was feared is coming true. Initial government data shows that imports of finished steel from China hit a new record in the first eight months of…
Market Feels China’s Tax Rebate Cuts
[ad_1] The Construction MMI (Monthly Metals Index) held its sideways trend, dropping by a slight 1.09%. Despite a torrent of construction news, the index didn’t budge much month-over-month and had a minimal…
British Steel Keeps Scunthorpe Running into 2025
[ad_1] Steel news outlets recently discovered that longs and semis producer British Steel recently acquired natural resources to sustain production at its Scunthorpe plant through 2025. “At the same time, we remain in…
Renewables MMI: Mixed Market Signals & Policy Changes Potentially Incoming
[ad_1] The Renewables MMI (Monthly Metals Index) held firmly sideways, shifting down a mere 0.06%. With the incoming Trump administration, it is possible the renewable energy sector could witness market shifts in…
Blast Furnace Era Over for Tata Steel?
[ad_1] Indian steel industry leader Tata Steel recently announced that it had signed a contract with an Italian company to install a new electric arc furnace at its Port Talbot facility in…
Steel Prices Edge Higher as Output Plummets
[ad_1] The Raw Steels Monthly Metals Index (MMI) moved sideways, with a mere 0.12% increase from September to October. U.S. flat rolled steel prices showed mixed direction during September. HRC prices traded…