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UK to encounter tolls for some steel exports to North Ireland as quota tired

The UK is dealing with a 25 percent toll for exports of angles and also sections (Group 17) to Northern Ireland, which is proceeding to follow EU custom-made guidelines following Brexit, as the tonnages designated for the new allocation peri...


Iron ore inventory at Chinese ports up 0.04 percent

On August 22, inventory of iron ore at 33 major Chinese ports amounted to 129.057 million mt, up 0.04 percent compared to August 15, as introduced by China's Xinhua News Agency.In the given week, import iron ore rates moved down in the middl...


Taigang Stainless Steel's web earnings down 57.51 percent in H1

Shanxi Province-based Taigang Stainless Steel Co., Ltd. (Taigang Stainless Steel) released its economic report for the first six months this year, stating that it signed up an operating earnings of RMB 50.351 billion ($ 7.35 billion) in the...


Shagang's web earnings down 33.9 percent in H1

Shagang Co., Ltd, the provided subsidiary of Jiangsu Province-based Shagang Team, has actually issued its preliminary economic record for the very first six months this year, specifying that its operating income amounted to RMB 9.688 billion...


Salzgitter places first EAF order for low-carbon steelmaking program

Germany-based steelmaker Salzgitter Team has announced that it has placed the initial order of electric arc heating system from UK-based plantmaker Primetals Technologies adhering to the authorization of its managerial board for the financia...


Baogang's internet profit down 84.84 percent in H1

In the initial 6 months this year, Inner Mongolia-based Chinese steelmaker Baotou Iron as well as Steel Co., Ltd. (Baogang) registered an operating earnings of RMB 41.065 billion ($ 6.0 billion), up 4.13 percent year on year, while posting a...


EUROFER: EU vehicle outcome anticipated to fall by 0.5% in 2022, rebound by 4.9% in 2023

According to the Economic and also Steel Market Overview 2022-2023/ Q3 2022 Report from the Economic Committee of the European Steel Association (EUROFER), auto result in the EU fell for 3rd consecutive quarter, reducing by 10 percent year o...


FAI in transport in China up 4.1 percent in July

In July, the set property investment (FAI) in transport in China totaled up to RMB 330.9 billion ($48.3 billion), up 4.1 percent year on year, consisting of RMB 259.1 billion ($37.8 billion) in roads and rivers, up 7.5 percent year on year,...


New automobile registrations in Turkey down 4.3 percent in July

According to the information launched by the Turkish Statistical Institute (TUIK), in July this year new electric motor lorry enrollments in Turkey enhanced by 2.4 percent month on month and were down by 4.3 percent year on year to 111,904 u...


EUROFER: EU building activities expected to climb by 5.3% in 2022 as well as by 0.6% in 2023

According to the Economic and also Steel Market Overview 2022-2023/ Q3 2022 Record from the Economic Committee of the European Steel Association (EUROFER), in the initial quarter building result in the EU boosted by 16 percent, complying wit...