world steel association

India only country among world’s top 5 to register rise in steel production in April – ET Infra

NEW DELHI: India is the only country among the world’s top steel producing nations to post a growth in steel production during April this year, according to figures compiled by the World Steel Association. India, the second-largest steel producer in the world next to China produced 12.1 million tonnes of steel which represented a 3.6 […]

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Global steel demand growth downgraded to 1.8% in 2023 on high rates – ET Infra

. LONDON: Global steel demand is expected to rise by 1.8% in 2023 as infrastructure projects in top consumer China help to offset weakness elsewhere, the World Steel Association (WSA) said on Tuesday, downgrading its forecast. The industry group revised its April forecast, which estimated steel consumption would rise by 2.3% this year. “Steel demand

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India to see growth in steel demand at 8.6 pc in 2023: worldsteel – ET Infra

NEW DELHI: The demand for steel in India is expected to register a ‘healthy growth’ of 8.6 per cent against the overall global rise of 1.8 per cent in 2023, worldsteel said on Tuesday. It forecasts that global steel demand will grow 1.8 per cent in 2023 and reach 1,814.5 MT after having contracted by

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World Steel Association appoints new heads, India’s T V Narendran is VC – ET Infra

Global body worldsteel on Monday said it has elected Leon Topalian as its Chairman and India’s T V Narendran as one of its Vice-Chairman. Topalian is the President & CEO of Nucor Corporation and Narendran is the MD & CEO of domestic steel giant Tata Steel. Jeong-Woo Choi, the CEO of POSCO Holdings, was also

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EU’s carbon mechanism to fuel large rise in steel import costs: WoodMac – ET Infra

The EU‘s carbon emissions scheme is likely to significantly raise the costs of steel imports from India and China once it is fully implemented in 2034, while higher-emissions steel will probably go elsewhere, consultancy Wood Mackenzie said. The first mechanism of its kind anywhere in the world, the carbon border adjustment mechanism (CBAM) will be

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Global steel production falls 5% in May; India’s output rises 4% – ET Infra

NEW DELHI: India has registered a 4.1 per cent growth in its crude steel production at 11.2 MT amid 5.1 per cent downfall in the global output at 161.6 MT in May 2023, according to the World Steel Association (worldsteel). Despite a 7.3 per year-on-year (y-o-y) fall, China remained the top steel producing country in

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Tata Steel deals to cut carbon emissions with Germany’s SMS group – ET Infra

NEW DELHI: India’s Tata Steel signed an agreement with Germany’s SMS group on Wednesday to collaborate on a technology that aims to cut carbon emissions from the steel-making process by more than 50%, the steelmaker said in a statement. Steel production generates up to 9% of global carbon emissions, according to the World Steel Association,

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Tata Steel deals to cut carbon emissions with Germany’s SMS group – ET Infra

NEW DELHI: India’s Tata Steel signed an agreement with Germany’s SMS group on Wednesday to collaborate on a technology that aims to cut carbon emissions from the steel-making process by more than 50%, the steelmaker said in a statement. Steel production generates up to 9% of global carbon emissions, according to the World Steel Association,

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Local steel prices may fall further on China exports – ET Infra

MUMBAI: Steel prices in the domestic market, which have been under pressure since late March, may fall further after a sharp surge in exports from China at lower prices that is seen undercutting exports from India amid weakening global demand. At around Rs 57,000 per tonne, prices of hot-rolled coils in May are down by

Local steel prices may fall further on China exports – ET Infra Read More »

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