The Turkish Steel Producers’ Association expects the European Commission to remove safeguard measures on steel products as a World Trade Organization panel supported the thesis that these are contrary to international trade rules. The removal of EU safeguards will contribute to the re-establishment of free and fair trade globally, as well as improve trade relations
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The Swedish Dockworkers Union (SDU) is calling off the blockade on Russian ships, some of which were carrying pig iron and aluminum, to avoid conflict with port authorities contesting its legitimacy, but intends to reinstate it before the end of May, a union official told S&P Global Commodity Insights May 13. SDU has been blocking
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Delivered hydrogen prices of below Eur3/kg ($3.10/kg) would be needed for breakeven green steel production in Europe in the current high energy price environment, industry group Hydrogen Europe said in a new report. The cost of producing renewable hydrogen via alkaline electrolysis in Europe was assessed at Eur10.70/kg ($11.18/kg) May 11 (Netherlands, including capex), based
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Stalprofil’s steel product sales rose 12% on-year in 2021 to 207,721 tonnes, with steel structures sales up 9% to 2,216t. The infrastructure segment however saw insulated pipe sales drop 30% to 1.36 million m2, due to the completion of two large contracts during the year. The Polish distributor’s steel segment saw revenue surge 64% on-year
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Ukraine’s Zaporizhstal, a flat steel mill partially owned by Metinvest, has started the production of a new type of hot rolled coil for Polish customers. Clients from Poland have ordered HRC in coils each weighing at least 9 tonnes, according to Ukrainian media reports. Previously, two coils were welded together to fulfil such an order.
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