Pig iron prices in Black Sea ports have fallen to their lowest level since 2020 due to weak demand and political factors like sanctions. The market remains volatile, with prices fluctuating based on economic conditions in major importing countries.

US consumers file a lawsuit to block Nippon Steel's acquisition of US Steel, citing antitrust concerns and potential price hikes. Learn more about the legal battle and its impact on the steel market.

EU construction production rose by 1.3% MoM in November 2024, with a 0.9% YoY increase compared to November 2023, according to Eurostat's preliminary data. Slovenia, Slovakia, and Romania led growth, while Portugal, Hungary, and Finland saw declines. Engineering structures construction increased, but buildings construction fell. The sector faces stagnation, impacting the domestic long products market. Eurofer forecasts a slight decline in 2024 but expects growth in 2025.

Indonesia's Ministry of Finance has announced the extension of anti-dumping duties on hot rolled coils (HRC) imported from China, India, Russia, Kazakhstan, Belarus, Taiwan, and Thailand for another five years, effective January 15, 2025. The duties range from 0-20% depending on the country. This move comes amidst increasing protectionist measures globally, including Turkey's anti-dumping duties on Chinese steel plates. Stay updated on the latest trade policies affecting the steel industry.

The global steel market faces a turbulent 2025 with predictions of another 4% price drop due to a surge in Chinese exports and weakening demand in the EU. The Ukrainian steel industry is particularly affected, with falling iron ore prices and increasing production costs posing significant challenges.

Global pig iron production fell by 5.6% month-on-month in November 2024, totaling 111.63 million tons. Despite this, it showed a 0.6% increase compared to November 2023. China and India remain top producers, while Ukraine saw a significant MoM drop but annual growth. The blast furnace and direct reduction methods were also analyzed for production volumes and trends.