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Global Scrap Metal Consumption Rises Amid Steel Decline
15+ hour, 27+ min ago (492+ words) Global scrap metal consumption in 2025 increased by 4. 5% compared to the previous year, reaching 480 million tons, despite a 2. 5% decrease in global steel production. According to the Bureau of International Recycling (BIR), leading economies played a key role in this dynamic. China…...
Impact of EU steel quotas on Ukraine's metallurgy industry
3+ day, 14+ hour ago (244+ words) The European Union has decided to introduce new trade barriers for steel imports, which will be a serious challenge for the Ukrainian metallurgy industry, already affected by the full-scale war and Russian aggression. A separate tariff quota for Ukraine contradicts…...
Arcelor Mittal Completes Acquisition of AMCLN in Italy
3+ week, 3+ day ago (229+ words) finway. com. ua The European Commission has officially granted permission to Arcelor Mittal SA for the full acquisition of Arcelor Mittal CLN Distribuzione Italia Srl (AMCLN), which had previously been jointly owned with the Italian group CLN Group since 2015. This…...
Steel production decline in Ukraine: Latest statistics
3+ week, 3+ day ago (234+ words) finway. com. ua According to the results of January-April 2026, Ukrainian metallurgical enterprises reduced steel production to 2. 25 million tons, which is 7. 4% less than in the same period last year This statistic was released by the association of enterprises "Ukrmetallurgprom. This is…...
South Korea's POSCO Hydrogen Steel Plant in Pohang Approved
1+ mon, 4+ week ago (260+ words) finway. com. ua South Korea Approves Construction of POSCO's Hydrogen Steelmaking Plant in Pohang South Korea has officially approved the construction of a modern hydrogen steelmaking plant by POSCO in the city of Pohang. The Ministry of Land, Infrastructure and…...
EU Tariffs on Steel: Ukraine's Export Negotiations Underway
2+ mon, 1+ week ago (301+ words) finway. com. ua EU Plans Protective Tariffs on Steel: Ukraine Negotiates Export Conditions The Ukrainian government is actively negotiating with the leadership of the European Union to maintain the current conditions for the export of Ukrainian metallurgical products to the…...
Slovakia's Aluminum Industry: New Incentives for Growth
4+ mon, 2+ week ago (227+ words) Slovakia plans to sign a ten-year memorandum of cooperation with the aluminum plant Slovalco, which suspended primary aluminum production at the beginning of 2023. This was announced by Prime Minister Robert Fico during a visit to the facility in J'yar-nad-Gronom. This…...
Vale's Green Steel Investment in Oman: A New Era for Metallurgy
4+ mon, 2+ week ago (293+ words) The Brazilian mining giant Vale is preparing to make a final investment decision regarding a large-scale green steel production complex in the Duqm special economic zone in Oman. The launch of this project, estimated at $5 billion, is expected to be…...
Steel Imports to the USA Drop Over 10% in 2025
4+ mon, 3+ week ago (216+ words) Metallurgical enterprises in the United States increased their imports of rolled metal by 12. 9% in October 2025 compared to September, reaching a total of 1. 34 million tons. This data was released by the American Iron and Steel Institute (AISI). This is reported by…...
Chinese Metallurgists Face Profit Declines Due to Excess Capacity
4+ mon, 4+ week ago (227+ words) Profit Declines for Chinese Metallurgists Amid Capacity Issues'finway. com. ua Chinese Metallurgists Face Profit Declines Due to Excess Capacity Chinese steelmaking enterprises are under pressure from prolonged low profitability, as the reduction of production capacities in the industry is occurring…...