Marubeni of Japan Acquires Ownership Share in Spain’s Network Steel
Marubeni, a Japanese trading firm, has acquired a stake exceeding 25% in Spain’s steel company Network Steel Resources
EU Industry Players Advocate for Production Reductions to Bolster HRC Prices
EU steel market participants are urging for production cuts to stabilize HRC prices as demand remains weak
China’s steel sheet and plate exports surged by 49.7% in January and February.
China exported a total of 11.08 million metric tons of steel sheet/plate
Kazakhstan Joins Top 10 Iron Ore Producing Countries
Kazakhstan has been recognized as one of the top 10 countries for significant iron ore production and reserves in 2022
Japan’s Hot Rolled Plate and Sheet Shipments Increase by 3.6% in January Compared to December
In January of this year, Japan saw a 3.6% increase in hot rolled plate and sheet shipments compared to December.
Iron Ore Experiences Volatility Around $100 Amid Dominant Chinese Concerns
Iron ore experienced significant price fluctuations, initially dropping below $100 per ton
Steel Sector Raises Alarm as German Budget Gap Threatens Industrial Stability
On Thursday, Germany’s steel sector raised concerns about the country’s industrial transformation, triggered by a court ruling that dealt a blow to Berlin’s budget.
GM’s automotive production suspended in Argentina for lack of parts
According to the local press, the Santa Fé plant of General Motors had to stop production due to “a problem with the players its supply chain.” The plant produces pick-up trucks, usually exported to Brazil and Colombia.
