Industry News
- Global stainless steel production in January-September 2024 increased by 5.4% y/y
During the period, stainless steel output increased in most regions
- India’s steel ministry requests budget support for decarbonization of the industry
It is about the sum of 150 billion rupiah ($1.74 billion)
- China increased iron ore imports to a record 1.24 billion tons in 2024
Imports increased by 4.9% compared to 2023
- Ukraine can help European steel industry decarbonize
Ukraine has the potential to supply 20-25 million tons of raw materials for DRI production to the commercial market, providing 14% of the global market demand
- Poland increased imports of rolled products from third countries by 26.3% y/y in January-October
The main part of the import fell on flat rolled products – 1.42 million tons