In Q1/2024, Clevelend-Cliffs’s shipments fell below 4 million tons for the first time in over a year. Stainless and electrical steel sales were near Q4, the lowest since 2020. Read more
In a landmark move that could reshape the global mining landscape, BHP, the world's largest mining company by market capitalization, has made an all-stock proposal to take over Anglo American. Read more
ZEW Indicator of Economic Sentiment for Germany again recorded an increase in April 2024 survey, reached to the highest level since March 2022. Read more
thyssenkrupp Schulte, German materials distribution and service provider, is implementing a strategic realignment of its business model in order to consolidate and further expand its market position. Read more
In the first quarter of 2024, Forvia's consolidated sales dropped by 1.7% YoY to EUR 6.5 billion, largely due to a 10.5% decline in the Clean Mobility division, which includes exhaust systems. Read more
Alleima saw revenue decline across all divisions due to fluctuating demand in key sectors. Given the solid order backlog and product mix, the company anticipates better future prospects. Read more
Tranter will supply four large plate and frame heat exchangers in stainless steel to a DRI green steel plant set to be constructed in Germany. Read more
In the first quarter of 2024, Nornickel reported a notable 10% decrease in nickel production compared to the same quarter in the previous year, producing 42,101 tonnes down from 46,667 tonnes. Read more
2024-04-23Market News, Price News, Raw Material NewsIndia
Stainless steel scrap prices moved up in India, following the trend in the nickel market. Due to limited local supply, import trading will likely stay active in the coming two months. Read more
South Korea raised stainless steel exports last month as foreign demand for hot-rolled coil and sheets was improved. Longs and pipes supply also slightly increased. Read more
Merafe Resources, in partnership with Glencore, has experienced significant declines in ferro-chrome production throughout the past year and into the early months of 2024. Read more
China sharply increased its export volume of stainless steel products in March on competitive prices and delayed shipments from previous months. Due to oversupply, imports lost 30% from February. Read more
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