Cleveland-Cliffs’s 2024 results were hit by weak steel demand and lower prices, which led to a sharp decline in volumes and revenues: stainless and electrical steel shipments lost 17% in 2024. Read more
Marcegaglia Group, a major Italian steel group, has reached a leasing agreement with Credit Agricole Leasing Italia to finance a stainless steel project in Italy. Read more
Following the letter of intent signed in June 2023, Outokumpu has finalized a long-term agreement with Greenland Resources for the supply of “low-emission” molybdenum. Read more
Stalatube, a manufacturer of stainless steel pipes, profiles, and components, headquartered in Finland, has reported better-than-expected financial results for 2024. Read more
The European Commission outlined amendments to the Carbon Border Adjustment Mechanism (CBAM), sparking discussions among stainless steel industry stakeholders. Read more
President Trump plans to proceed with imposing a 25% tariff on all Canadian and Mexican goods next week. He has also announced additional taxes on Chinese imports. Read more
Strategic transformation and the strength of the American and high-performance alloy divisions softened the impact of the stainless steel downturn and the strike in Spain for Acerinox in 2024. Read more
European leaders gathered in Paris on February 27 for a Ministerial Conference on the Future of the European Steel Industry, an urgent meeting initiated by Italian and French ministries. Read more
Yieh United Steel Corp. (YUSCO), Taiwan's leading producer of stainless flats, announced another price increase for its coils and sheets in March. Read more
South Korea sharply started 2025, reducing stainless steel exports in January. HR feedstock supplies to Asian subsidiaries slumped due to weak demand for CR in the region. Korean imports dropped, too. Read more
Due to raw material shortage, the key stainless steel plant belonging to struggled Jiangsu Delong Nickel Industries (Delong) reduced its production plans. Read more
In late February, Chinese stainless steel prices are almost at the same level as a month ago. Demand has not improved after the Lunar New Year, while expectations for 2025 are quite gloomy. Read more
Ryerson reported weaker results for stainless steel and other businesses in 2024. It guides for an upbeat start to 2025, already seeing a better market picture. Read more
Reliance, the largest North American steel service center, recorded higher stainless steel volumes in 2024. The company is positive about 2025 and continues looking for growth. Read more
Olympic Steel increased 2024 deliveries of its Specialty Metals Flat Products, which deals with stainless steel. It stays optimistic long-term with acquisitions remaining the core of the strategy. Read more
Chinese stocks of stainless flats continued rising as production fully resumed, while most end-users are still cautious about piling up inventories, worrying about possible price reductions shortly. Read more
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