"steel industry" tag

India: 24% of steel demand is accounted for by the engineering and fabrication segment

As a critical component in growth and development of India’s steel industry, the output of this sector in the Country meets domestic demand emerging from capital and consumer goods, yellow goods, cold reducing…

China: cutting taxes on steel scrap to help sales

To help increase steel scrap utilization in steelmaking, China Association of Metalscrap Utilization (CAMU) has been lobbying the central government to lower the 17% tax on steel scrap sales. Recently, CAMU joined four other…

Poor performances for Latin American steel industry

Latin American Steel Association stated that, as a result of global and regional economic growth in the region, steel consumption in H1 2014 is static when compared with the same period last year….

Morocco signs a $150 million a deal with Chinese Shandong Shangang group

Morocco Steel industry reached a $150 million deal with the Chinese manufacturer Shandong Shangang Group  to install modern manufacturing plant for the production of steel pipelines. “This contract reflects the determination of the strategy implemented…

Steelmakers unconfident of “absolute cap” on energy use

The European Commission has called on member states to make energy savings of 30 per cent by 2030, but European steelmakers are uneasy at the thought of an “absolute cap” on energy use….

The most long term profitable Steel Industries

The global market for high performance alloys industry is growing with a forecast consume over 400kt in 2014. This success is happening thanks to its heavy use within the aerospace sector fueled by…

JSW Steel increases iron ore imports to six million tonnes

JSW Steel raises iron ore imports to six million tonnes (mt) this year, the highest by any domestic steel producer ever, with the mining crisis in Karnataka and Odisha striking at the heart…

Philippine steel industry keeps on growing

According the Business Inquirer Philippine iron and steel industry is poised to continue its growth. In a presentation before the Organization for Economic Cooperation and Development in France earlier this month, the Philippines Board…

Recovery is close for steel industry

Year 2014 is expected to be a “transition year” for the steel industry with all major steel-consuming countries expected to log positive growth, according to Industry Outlook. This will also be the first…

Market forecast

In 2014 steel consumption will rise worldwide

Global steel consumption will continue to rise this year and into 2015. The World Steel Association released the results of its Short Term Outlook and forecast the current year will see 3.15% overall…

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