Looking ahead, growth in steel demand is expected to pick up in industries such as machinery, automobiles, energy, shipbuilding, home appliances, and containers, while the demand in construction and hardware industries is projected to decrease.

Gweru-based ferrochrome producer, Jinan-Almid (Pvt) Limited says plans are underway to commence power generation with a target of producing at least 720 megawatts of electricity.

Freight rates for lndian shipments to Europe and Africa could surge up to 25-30 percent on security risks along theRed Sea route, the usual maritime route connecting Asia to Europe, SteelOrbis learned from local exporters on Wednesday.

China exports 21110.695 tons of calcium metal from January to November.

Japanese steelmaker Nippon Steel Corporation will acquire US Steel for $14.9 billion in the second or third quarter of 2024, the company said on Monday December 18.

The aid targets reducing carbon emissions and promoting renewable hydrogen production in line with EU directives.

The application of State electricity utility Eskom for a six-year negotiated pricing agreement for the Glencore-Merafe ferrochrome smelter operation in Rustenburg, in the North West Province, has been approved by South Africa’s energy regulator Nersa.

Feralpi Stahl, the German rebar factory of the ltalian Feralpi Group, announced that it will stop production for four weeks for repair work.