The European Commission has published the final document related to the review of the safeguard system for steel imports. As anticipated, the new amendments will come into force from 1 July, with some important changes in particular to the way tariff-free quotas are allocated.

Firstly, the Commission has changed all …

Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) fell -8.7% on-year in May to 148.78 million tonnes. The association reiterates, however, that many figures are estimates and likely to be revised next month due to the Covid-19 pandemic impact.

China was again one of …

Fitch Solutions expects global automotive production to decline -11.5% on-year in 2020 as a result of Covid-19-related lockdown measures and supply chain disruption.

The current crisis has hit the industry harder than the 2008/09 global financial crash. “Even back in the global financial crisis the industry could still operate, so …

Green” steelmaking was a key theme of this week’s Bureau of International Recycling (BIR) ferrous webinar.

Renate Featherstone, principal analyst – multi-commodity research at Wood Mackenzie, explained that steelmaking accounts for as much as 10% of global carbon emissions. Producers are therefore under mounting pressure to adopt an environmentally cleaner approach.