India produced 113.43 million tonnes of crude steel in January-November 2022, which is 10 per cent higher compared with the year-ago period. The government aims to double the country’s annual crude steel-making capacity to 300 MT from 150 MT at present.

Easing covid-19 restrictions in China may lead to an increase in demand and prices of metals, but the uptick maybe limited, said industry experts.

Mobarakeh Steel operation Deputy announced the company's 8 share in GDP in the country's industry sector and said the company has produced 141 million tonnes of raw steel from the beginning of operation to the end of November this year.

In the first seven months of the following year, along with the increase in steel production, a significant portion of this production has been spent on domestic consumption and  less towards export markets.

Imidro is ready to help launching the seven steel projects

The government’s decision to withdraw export duty on steel products and raw materials will improve sector sentiment but may not materially increase the near-term earnings of domestic primary steel manufacturers because of subdued global demand, said CRISIL Ratings in a note.

According to statistics, in the seven months of this year, the trend of increasing steel production continued through recent months to October, and finally experienced an upward production of 12 to 19 percent compared to the same period last year, thus recording an average of 15 percent increase in production.

Production of steel in Iran has risen 9 percent in the 10 months of 2022, as compared to the same period of time over past year, the World Steel Association announced in its recent report.

Europe's energy crisis, high inflation rates and interest rate hikes have led german major company Thiessenkrupp to estimate a decline in sales revenue for its next fiscal year, while last fiscal year grew by 21. It is not possible to accurately estimate how big and wide the challenges ahead will be and how long they will continue.

The scrap import market in Turkey is quiet and buyers are sitting back waiting for lower prices. The average price of heavy scrap 80-20 has dropped by 3 dollars and reached 360 dollars per ton of CFR

The World Steel Association (worldsteel) has today released an update of its Short Range Outlook (SRO) for 2022 and 2023. worldsteel forecasts that steel demand will contract by 2.3 in 2022 to reach 1,796.7 Mt after increasing by 2.8 in 2021. In 2023 steel demand will see a recovery of 1.0 to reach 1,814.7 Mt. The current forecast represents a downward revision over the earlier forecast, reflecting the repercussion of persistently high inflation and rising interest rates globally. High inflation, monetary tightening, and China’s slowdown contributed to a difficult 2022, but infrastructure demand is expected to lift 2023 steel demand slightly.

The managing director of Mobarakeh steel complex announced the need for investment in the production of three steel products, sponge iron , concentrate and iron pellets: 200, 80, 35 dollars and the cost of transportation per ton is 25 dollars.

German steel producers and traders expect prices to soften over October amid weakening costs, according to data from S&P Global Commodity Insights’ monthly steel sentiment survey.

The World Steel Association (worldsteel) has announced the shortlist for the 13th Steelie Awards. The Steelie Awards recognise member companies for their contribution to the steel industry over a one-year period in a series of categories impacting the industry.

The Centre for Energy Innovation of the University of Twente (UT) in Enschede, Netherlands, and the Research & Technology (R&T) arm of South Africa’s Sasol have agreed to collaborate on the development of technologies for the removal of atmospheric carbon dioxide (CO2).

Supply disruptions loom in Korea’s steel industry as the country’s two largest steelmakers are struggling to fully operate their plants.

Decision-makers organizations should be justified in issuing  the licenses Managing Director of National Iranian Steel Company called for describing the country's conditions using the country's steel master plan for decision-makers in issuing permits for the steel chain.

Some Turkish long steel mills have begun considering stoppages after failing to secure higher prices in either the domestic or export markets, while energy and scrap costs have remained high, a major Turkish long steelmaker manager told S&P Global Commodity Insights Aug. 22.

Figures from worldsteel show that global crude steel output came to 158.1 million tonnes in June – down 5.9 compared with the same month in 2021. Total outturn for the first half of the year is 949.4 million tonnes.

A circular economy is one in which society reduces the burden on nature by reducing its demand on raw materials and then ensuring resources remain in use for as long as efficiently possible.