Results for "Steelmakers"

Major steel producers in China are expected to endure compressed profitability through the end of the year as high raw material costs continue to outweigh weak domestic and global demand.

Major steel producers ArcelorMittal, Thyssenkrupp, and Voestalpine are urging Europe to temporarily halt the increasing costs associated with emissions trading, citing concerns over competitiveness.

India is exploring joint ventures with Japanese steelmakers as part of its strategy to reduce reliance on steel imports.

China's leading steelmakers are coordinating efforts to adjust export strategies and pricing models in response to the full implementation of the EU's Carbon Border Adjustment Mechanism (CBAM).

Coking coal prices have seen a 25% increase, putting significant pressure on Indian steelmakers by squeezing their margins and delaying capacity expansion.

Steelmakers in Bangladesh are advocating for a reversal of the recent power tariff hike, citing concerns about its impact on production costs and industry competitiveness.

BHP quietly scrapped plans to build a processing facility in Pilbara that would have drastically cut emissions by producing higher quality iron ore, despite global pressure on steelmakers to curb pollution.

Electric-arc steelmakers in China are regaining their competitive edge as their profits begin to recover.

South Korea has successfully secured a dedicated tariff-free steel export quota of 2.07 million metric tons from the European Union under the bloc's new import regime. Korean steelmakers could potentially ship up to 3.55 million tons, including access to shared quotas.

Reuters reports that China has instructed its steelmakers to avoid discussions with Fortescue regarding a new iron ore product.

Scotiabank has upgraded Gerdau while simultaneously downgrading Ternium in a recent rating swap for steel manufacturing companies.