Industry News
- 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
- US Steel predicts a decline in profits in Q4
The company has been operating three blast furnaces in Europe since December 7
- The war has dramatically changed the balance of the Ukrainian coking coal market – GMK Center research
The balance on the market of coke and coking coal may again shift in the direction of imports