The European Commission (EC) has notified EU member states as well as the WTO of its intention to prolong steel safeguard measures for three years beyond 30 June.

In its determination following the safeguard review, the Commission found evidence that the measures continue to be necessary to prevent or remedy …

The Bureau of International Recycling (BIR) expects current issues with container shipments to remain until the end of 2021.

The market needs to prepare for more challenging times, as container production is insufficient, resulting in a shortfall of several thousand containers, said participants at BIR’s annual convention on Tuesday.

On …

The daily Kallanish KORE 62% Fe index last week lost slightly more than 10% since its latest all-time peak reached on 18 of May at $219.84/t CFR China. The sudden drop was caused mainly by the actions of the Chinese government, concerned by the growing steel and raw material prices. …

Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) surged 23.3% on-year in April to 169.46 million tonnes, although this came from a low base as Covid-19 hit output last year. It was down, nevertheless, 0.4% on March as most large steelmaking countries reduced somewhat …