Categorie: News

Producers bring first certified green steel to the market : ArcelorMittal and Ovako

Steel companies ArcelorMittal and Ovako have both begun to offer the first certified „green steel”, following increased scrutiny on emissions from customers, the two companies announced separately. ArcelorMittal Europe is offering green flat steel products using a system of certificates which are linked to the tonnes of CO2 savings achieved through the company’s investment in […]

Russian steel product imports drop in 2020

According to the data from Russian Federation Customs, Russia imported approximately 5.2 million tons of steel products in 2020, dropping by 27.6% from the previous year. In December, the imports of ferrous metal products were around 400.000 tons, compared to 330,000 tons in November. Also, the imports of steel pipe were falling by 57.8% year […]

European Commission on cusp of steel safeguard review

The European Commission is likely to launch a review into its tariff-rate quota steel safeguard in the coming weeks. Member states representing the bulk of the EU’s steel production — Netherlands and Sweden aside — requested the review with a view to the safeguard being extended, as has European steel association Eurofer. The safeguard will […]

TATA STEEL: Focus is on improving cash flows of European operations

After the setback of Sweden’s SSAB pulling out of talks to buy the Dutch units, Tata Steel is now focusing on improving cash flows of its European operations. The Indian steelmaker will continue with the process to separate the Dutch and UK units of its European operations, the company said after announcing financial results for […]

EU steelmakers under pressure as global green steel race accelerates

The EU’s Green Deal goal of becoming climate neutral by 2050 is putting enormous pressure on the Continent’s steelmakers. Those unable to swiftly decarbonize risk getting swallowed by rivals. Laggards will also face competition from Asian steelmakers, which are aggressively promising to slash their greenhouse gas emissions. Rethinking the technology Europe uses to make steel, […]

Preturile HRC cresc in continuare dar comenzile au devenit mai prudente

Tendința ascendentă a prețurilor pentru HRC in EU a continuat în ianuarie 2021, așa cum era de așteptat, prețurile pentru role laminate la cald în nordul și sudul regiunii fiind în medie de 698 EUR și 686 EUR (840 USD și 826 USD) pe tonă. Având în vedere că prețurile HRC europene au urcat la […]

EU stainless steel in short supply

In early February, stainless steel prices in the EU market rose further under the support of short supply. However, distributors said that the current market is overly strong, and the actual demand for restocking in the downstream auto industry and home appliance industry is indeed strong. The demand in these major application industries began to […]

Turkish HRC exports increase in December 2020

According to the Turkish Statistical Institute (TUIK), Turkey exported roughly 220,000 tons of hot-rolled coil (HRC) in December 2020, soaring by 46.6% from the previous month while going down by 2.8% from the same period a year ago. The export value was around US$120 million, hiking by 57.9% from last month and 20.1% year on […]

Cheltuielile din tranzacțiile cu Turcia și jurisdicțiile necooperante vor fi considerate iar deductibile

O recentă lege de modificare a Codului fiscal a condus la încadrarea cheltuielilor din tranzacțiile cu Turcia ca nedeductibile la calculul impozitului pe profit. Pentru a corecta situația, Ministerul Finanțelor Publice (MFP) va modifica în curând noțiunea de jurisdicție necooperantă din legea fiscală și va rezolva, totodată, problemele apărute de la 1 ianuarie și până […]