Record Chinese Imports Pose Threat
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 the…
Market Feels China’s Tax Rebate Cuts
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 reaction…
British Steel Keeps Scunthorpe Running into 2025
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 active…
Renewables MMI: Mixed Market Signals & Policy Changes Potentially Incoming
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 the…
Blast Furnace Era Over for Tata Steel?
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 Wales.…
Steel Prices Edge Higher as Output Plummets
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 up,…