The economic recovery in Poland continues to stutter. The IHS Markit Poland Manufacturing PMI remained unchanged for October, indicating that growth is lacking momentum. There is no doubt that consumer…
A tale of two products: as plate struggles, coil surges
Stark contrasts are currently being witnessed between the markets for steel plate and coil. While the former is grappling with weak consumption and overcapacity, the latter is flourishing amid brisk…
First Hydrogen based ENERGIRON DRI Plant for Tenova in China
Castellanza, November 23, 2020 – Tenova, a leading company specialized in innovative solutions for the metals and mining industries, has signed a contract with the HBIS Group for the implementation of the Paradigm…
Upward price momentum slows in southern Europe
Italian hot rolled coil domestic basis prices increased in mid/late September before stabilising in the early part of October, as procurement activity softened. Supply is tight, due to reduced production…
Covid-19 resurgence causing concern for EU steel buyers
The resurgence in Covid cases across Europe is a growing concern for steel buyers. Market participants are either delaying their purchases or increasing them, depending on their outlook and sentiment….
Auto demand continues to drive Polish steel market
Reports of medium to strong steel demand persisted throughout October in Poland, with exceptionally buoyant activity for hot dipped galvanised coil. Automotive and to a lesser extent construction are the…
OEMK completes overhaul of Rolling Mill 700
OEMK (part of Metalloinvest) completes a scheduled overhaul of the Rolling Mill 700, which produces long steel products and tubular and square billets with a capacity of 2.4 million tonnes….
Hasçelik Banks on SMS group’s experience and orders one of the most powerful combined drawing lines for bright bar
Hasçelik San. Ve Tic. A.Ş, based in Gebze, Kocaeli, and operator of the highest production capacities for bright steel bars in Turkey, has placed an order with SMS group for…
Primetals Technologies receives FAC for two continuous galvanizing lines supplied to HBIS Tangsteel
Continuous galvanizing lines expand cold rolling mill also supplied by Primetals Technologies Production capacity of high-strength metal sheeting increases by 650,000 metric tons per annum Processed grades are produced for…
Cleveland-Cliffs Inc. to Acquire ArcelorMittal USA
Cleveland-Cliffs Inc. (NYSE: CLF) announced that it has entered into a definitive agreement with ArcelorMittal S.A. (NYSE: MT), pursuant to which Cleveland-Cliffs will acquire substantially all of the operations of…