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The industry association will also continue to call for the restoration of export tax rebates for high-end steel products.

Also in 2023, new orders surged 56.4 percent year-on-year to 71.2 million deadweight tons, accounting for 66.6 percent of the global total, the data showed.

Alexander Becker, the head of renowned steel manufacturer Georgsmarienhütte, has raised a poignant critique against the German government's decision to retract a planned �5.5 billion subsidy for electricity network fees.

“We did not agree to this arrangement, nor do we have any information about the financial wherewithal of this holding company to actually stand behind all of the obligations of our existing agreements,” asserts the USW in its statement.

According to data from the Brazilian Ministry of Development, Industry, and Foreign Trade (Mdic), iron ore exports reached a total of 378.5 million metric tons in 2023.

ArcelorMittal, has unveiled a �1.8 billion investment plan aimed at curbing greenhouse gas emissions at a steel plant located in Dunkirk, northern France.

South Korean battery manufacturer Samsung SDI has become the latest company to invest in Canada Nickel Company (TSXV: CNC), which is developing the Crawford nickel sulphide project in the Timmins-Cochrane mining camp of Ontario.

Tharisa has reported an 8.7% increase in mill throughput at its South African operations to more than 1.4-million tonnes, with improvements in both grade and recovery for platinum group metals (PGMs) and chrome concentrate for the first quarter of the 2024 fin...