Blog - Basic Metals

Global Pig Iron Production Sees Decline in 2024

Jan 27, 2025

In 2024, global pig iron production faced a 1.3% decline, totaling 1.391 billion tons. Notable was the rise of Ukraine's production amidst industry challenges.

JSW Steel Sees 2% Production Rise Despite 71% Profit Drop

Jan 27, 2025

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JSW Steel announces a 2% production rise in Q3 2024/2025 while profits fall by 71% due to exceptional charges and lowered steel prices. Domestic sales hit a record high.

Activist Investor Ancora Holdings Challenges US Steel's Merger Plans

Jan 27, 2025

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Ancora Holdings is actively opposing US Steel's merger with Nippon Steel, intending to replace the current CEO amidst legal and political challenges, while industry giants like Cleveland-Cliffs eye strategic opportunities.

Spain Strengthens Partnership with ArcelorMittal for Strategic Growth

Jan 26, 2025

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Spanish government backs ArcelorMittal's future with strategic cooperation, securing €450 million for low-carbon steel initiatives in Gijon, promising export growth.

Japan's 2024 Ferro-Silicon Imports Plunge Significantly to $682 Million

Jan 26, 2025

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During the period analyzed, Ferro-Silicon imports peaked at 510K tons in 2014, but failed to recover from 2015 to 2024. In terms of value, Ferro-Silicon imports decreased to $589M in 2024.

2024 Sees 30% Decline in U.S. Imports to $2.1 Billion for Raw Steel and Pig Iron

Jan 26, 2025

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Raw Steel and Pig Iron imports peaked at 6M tons in 2018 and remained at a lower figure from 2019 to 2024. In value terms, imports reached $2.2B in 2024.

2024 Sees a Major Surge in Australia's Copper Matte Imports, Reaching $32 Million

Jan 26, 2025

From 2017 to 2024, the growth of imports for Copper Matte remained at a somewhat lower figure. In value terms, Copper Matte imports surged to $32M in 2024.

UK Steelmakers Struggle with Electricity Costs

Jan 25, 2025

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Discover how high electricity costs are impacting the competitiveness and investment in the UK steel industry.

Strong Recovery in Turkish Steel Industry Despite Global Challenges in 2024

Jan 24, 2025

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Turkey's steel industry experienced a strong recovery in 2024, with a notable 9.4% increase in production, reaching 36.89 million tons, and shifting export-import dynamics.

Global Steel Production Sees a 0.9% Decrease in 2024

Jan 24, 2025

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In 2024, global steel production fell by 0.9%, with significant trends in CIS and Ukraine regions and notable export performances by Russia and Brazil.

European Steel Industry at Risk, ArcelorMittal Warns

Jan 24, 2025

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ArcelorMittal alerts the EU on potential steel industry shutdowns due to unfair import competition. High energy costs and decreased demand worsen the situation, urging strategic policy actions for sustainability.

Vale Base Metals Eyes Sale of Manitoba Nickel Operations Amid Market Shifts

Jan 24, 2025

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Vale Base Metals is reviewing its Manitoba nickel operations, possibly leading to a sale, in a strategic move to optimize assets amid market changes.