Italy and the Czech Republic are calling on the EU to relax the rules on carbon emission allowances
Another proposal put forward by these countries is to simplify the regulations governing gas supplies
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Thyssenkrupp Steel has cut 4,000 jobs as part of its restructuring programme
Регулювання чисельності персоналу базується на минулорічній угоді з IG Metall
India plans to increase the capacity of its steel industry to 600 million tonnes by 2047
It is expected that, over the same period, demand for iron ore in the country will rise to 772 million tonnes
There is no plan from the government: Metinvest on the prospects for the recovery of the steel industry
The group points out that the sector’s recovery will require billions in investment
Cleveland-Cliffs is halting production at its plant in Canada due to US tariffs
The company will concentrate the bulk of its steel production at its other site in Ontario
Trump has announced the construction of a $15 billion steelworks in Iowa
The first products are expected to be produced in 2030
Kryvyi Rih will implement budget cuts due to the shutdown of iron and steel enterprises
Due to a fall in tax revenue, the city authorities will abandon some key projects
Nucor has once again raised the price of hot-rolled coils by $10/t
The new bid price is $1,220 per short tonne
Global demand for DRI is set to rise to 260 million tonnes by 2035 — Midrex forecast
Amid shortage of high-quality scrap, DRI is viewed not as a substitute but as an important complement to this raw material
The European steel distribution sector has revised its forecasts for Q4 upwards
Distributors are focusing on maintaining stable stock levels and expect prices to rise
The Duferco Group has set up a new company in the renewable energy sector
The group aims to bring together expertise in the energy transition, finance and industrial assets within a single structure
The EBA calls for the zero quota on scrap exports to be maintained
The Association is calling for the ban to be extended into 2027 or for an appropriate export duty to be imposed
Ukraine increased imports of flat steel by 7% in January–August
However, in August, imports fell by 47% y/y
US steelmakers have urged Trump not to ease the Section 232 tariffs
According to estimates by industry associations, the tariffs helped attract $47 billion in investment
European producers are calling for stricter ‘Made in Europe’ rules
France has stated its readiness to oppose any relaxation of the IAA’s industrial requirements
Rio Tinto and Shougang Group are trialling carbon capture technology in China
Large companies have moved on from theoretical and research-based initiatives to the stage of testing technologies
Italy has approved additional funding of €100.5 million for Acciaierie d’Italia
The decision has caused concern amongst the company’s creditors
Steel sales in Germany fell by 17.8% m/m in August
Long steel became the only product category to show y/y growth last month
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