Harsco inks a multiyear contract with HBIS

25 January 2019 Latest Steel Market News SBI postpones the auction of Essar loans (Asia Pacific): State Bank of India deferred auction of Essar’s loans till 11th February 2019 due to the poor interest from investors. Previously, SBI declared ArcelorMittal, the highest bidder in the sale.   Harsco inks a multiyear contract with HBIS (Asia

ThyssenKrupp plans to shift to hydrogen-based steel production

24 January 2019 Latest Steel Market News ThyssenKrupp plans to shift to hydrogen-based steel production (Europe): ThyssenKrupp has announced a plan to shift its steel production process from coal to hydrogen by 2050, aiming to reduce emissions. The company would invest $22.7 billion to accomplish this goal in the next 30 years. Steel production accounts

UAE increased import duties on long products

22 January 2019 Latest Steel Market News Tenaris acquires substantial stakes in Saudi Steel Pipe Company (Middle East): Tenaris S.A completed its acquisition of 47.79% share in Saudi Steel Pipe Company (SSP), a welded steel pipe manufacturer located in Saudi Arabia. SSP has a production capacity of 360k tonnes/year.   NASSCO opens an automated steel

US Steel Kosice to build new NGOES production line in Slovakia

17 January 2019 Latest Steel Market News EU decides to limit steel imports until 2021 (Europe): Steel imports will be limited to a quota set to average imports levels in the past three years. Eurofer welcomes the safeguard measures announced by the EU on Wednesday. The quotas would be implemented cyclically with three months period

WindEurope says imports tariffs on steel can endanger the 2030 EU renewable energy target

16 January 2019 Latest Steel Market News WindEurope says imports tariffs on steel can endanger the 2030 EU renewable energy target (Europe): The EU is going to decide in the coming few days on a proposal to restrict steel imports to the EU until 2021. WindEurope claims that it would increase the prices of wind turbines up