The question of how EU steel makers have truly earned their revenue in recent years is more relevant than ever, especially against the backdrop of declining crude steel production in the EU and the sharp rise in CO2 certificate prices.

On December 12, the European Central Bank (ECB) announced a further reduction of its three key interest rates, lowering each by 25 basis points (bps).

Outokumpu, a leading global producer of sustainable stainless steel, has unveiled plans for a €40 million investment in a new bio-carbon plant in Sassnitz, Germany.

The Carbon Border Adjustment Mechanism (CBAM), introduced by the European Union in October 2023, has spurred a variety of reactions from countries worldwide.

During the first 10 months of 2024, Ukrainian ports handled approximately 15.2 million tons of iron ore, reflecting a sevenfold increase compared to the same period in 2023.

Energy-intensive industries face significant challenges that demand governmental action to establish sustainable, market-driven business models, according to Herbert Eibensteiner, CEO of Austrian steel giant voestalpine.

The global scrap market experienced a downward trend in prices across most major regions during the period from November 1 to 25, 2024.

The Polish steel industry is currently facing a series of challenges, marked by declining domestic production and a growing reliance on imports.

From January to September 2024, the European Union's imports of direct reduced iron (DRI) increased by 3.1% compared to the same period in 2023, reaching 2.09 million tons, according to Eurostat data.

The EU Steel Action Plan, vigorously advocated by the steel lobby, poses a significant threat to the competitiveness of small and medium-sized enterprises (SMEs) within the downstream industry.

Once more, the Indonesian government has issued a caution regarding the decline of nickel reserves within the nation, urging for their conservation and the exploration of new deposits.

Indonesia's nickel reserves may soon be exhausted, as per the Mineral and Coal Program Development at the Indonesian Ministry of Energy and Mineral Resources.