Southeast Europe (SEE) crude steel production fell in 2022, according to the latest worldsteel data monitored by Kallanish. Regional output amounted to 7.38 million tonnes, down by 34.7% year-on-year. In 2021, SEE output was 8.36mt, up by 37.5% on-year (see Kallanish passim). Romania was the largest steel producer among the eight countries of SEE, which
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Liberty Steel has rejected an acquisition offer for its Dudelange galvanizing mill in Luxembourg from local public-law banking institution SNCI, which was negotiated by the economy ministry, Kallanish learns from local reports. The original plan of the ministry was for SNCI to acquire the mill and then find a new owner. The move is reported
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Sentiment in the Italian scrap market is overall positive in February, despite the continued uncertainty regarding local mills’ production volumes for this month, Italian trade association Assofermet says in its market note monitored by Kallanish. “The hope is that orders for the finished product will be numerous, coupled with strong downstream end-user consumption,” the report
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Turkish ferrous trade paused on Monday as the country took stock of the 7.8 magnitude earthquake that struck at 04:17 local time near the city of Gaziantep, one of the largest earthquakes ever recorded in Turkey. The thoughts of everyone in the industry were with those affected by the tremor, which also impacted neighbouring Syria
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Benteler Group will not pursue the previously announced sale of its Shreveport, Louisiana, seamless steel tube plant to Tenaris, the company said Feb. 6, citing a renewed strengthening of demand in the oil and gas markets that the facility supplies. “Following the successful ramp-up of the Benteler steel tube plant in Shreveport, the site is
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