Blog - Basic Iron And Steel

Feb 4, 2025

42

Exports of Forged Stainless Steel Bar reached record highs at 7.8K tons in 2019, but from 2020 to 2024, they failed to regain momentum. In 2024, exports decreased significantly in value to $32M.

Feb 3, 2025

443

The US imposes tariffs on steel and aluminum, impacting millions of tons and stirring global trade relations. Key partners like Canada, Mexico, and China react.

Feb 3, 2025

40

The Netherlands saw a substantial surge in steel production by 36.1% in 2024, elevating its global position. Key factors include Tata Steel IJmuiden's operations and stabilized energy markets.

Feb 1, 2025

299

Tata Steel breaks new ground with India's first hydrogen-compatible steel pipes, aligning with the National Green Hydrogen Mission and solidifying its role in sustainable energy solutions.

Jan 31, 2025

72

The Ukrainian ferroalloy industry faced a 49.4% production decline in 2024, influenced by downtimes and electricity challenges, impacting export values dramatically.

Jan 31, 2025

130

In 2024, Belgium's steel industry saw a significant 21.1% production increase, climbing to 7.1 million tons. The growth was driven by stabilization in energy markets and increased demand from key sectors, though green technology investment remains crucial.

Jan 31, 2025

78

Czech steel giant Trinecke Zelezarny is set to invest EUR1 billion for a major green transformation, aiming to cut carbon emissions by 55% with government support, contributing to sustainability in the steel industry.

Jan 31, 2025

188

U.S. Steel faces financial challenges with a reported fourth-quarter loss, aligning with Wall Street forecasts. The industry struggles with oversupply and fluctuating demand, while U.S. Steel deals with internal corporate issues.

Jan 31, 2025

62

Aluminum imports reached a peak of 2.9M tons in 2018 before slightly decreasing from 2019 to 2024. In terms of value, aluminum imports slightly contracted to $5B in 2024.

Jan 30, 2025

98

Austrian steel production remains stable in 2024 at 7.1 million tons. Despite global economic and energy challenges, strategic cost and decarbonization efforts helped. Exports, however, saw a decline.

Jan 29, 2025

238

The Indian Steel Industry seeks increased import duties to tackle oversupply and protect local producers, with potential changes to be announced in 2025/2026 budget.

Jan 29, 2025

202

Ukrainian Railways report a substantial surge in iron and steel exports, making up over 45% of the total freight, marking a significant growth in 2024.