Metal Expert

FIFA has officially announced the host countries for the 2030 and 2034 World Cups, selecting two nations from the MENA region, namely Morocco and Saudi Arabia. Given Qatar’s successful experience in hosting the FIFA World Cup Qatar 2022, the mentioned countries will be able to benefit from the preparation for the upcoming international events. The local steelmakers will capitalise on the planned projects as well. https://lnkd.in/e8eEpAuw #Morocco #SaudiArabia #FIFAWorldCup #steel #consumption #production

A cargo ship accident on the Moselle River near the German-Luxembourg border has paralysed traffic for several months. Steelmakers, located in this area, will be affected by the accident. The companies are now assessing the damage and working on alternative shipping options. https://lnkd.in/e3z6eCSV #EU #Germany #Luxembourg #Moselle #river #accident #logistics #challenges #steel #industry

Turkish flat steel producers remained interested in foreign slab purchases in October, significantly increasing the intake of Malaysian semis. The positive trend in October slab imports further strengthened year-to-date results. Russian and Asian suppliers remained the leading sources of semis for Turkiye. https://lnkd.in/e27ECB2q #Turkiye #slabs #import #Russia #Malaysia #Indonesia #statistics

The Iranian government has implemented new measures to ensure a stable electricity supply and alleviate pressure on the grid during peak season. However, the regulations introduced by the relevant ministry are creating additional problems for the steel sector. https://lnkd.in/gYf2Pw2A #Iran #steel #production #electricity #gas #shortage #energy #consumption #limitations

China’s steel exports decreased in November from October level amid stronger local demand, higher prices and holiday period; however, the year-to-date volumes have already surpassed the 2023 total. China has been boosting export since the start of the year to offset the impact of sluggish domestic demand, pressured by prolonged crisis in real estate sector and consumers’ weak confidence. https://lnkd.in/gg2cJFUM   #China #steel #export #statistics

South Korean key steel manufacturer, Hyundai Steel, may reconsider its decision to suspend its plant in Pohang due to the opposition of the labour union. The company is conducting negotiations with the union and workforce. https://lnkd.in/g8yU7NMB #SouthKorea #HyundaiSteel #steel #production #suspension #Pohang #labour #union #opposition

Vietnamese second-largest HRC producer Hoa Phat Group has started production at its new mill and already sold a small lot of slabs overseas. https://lnkd.in/gKdg_VD7 #Vietnam #HPG #steel #production #slab #sales #export

Japan’s Nippon Steel Corporation is taking final efforts to save a $15 billion United States Steel Corporation deal. It is trying to gain support from the United Steelworkers (USW) union. https://lnkd.in/gHQ_h5wQ #Japan #NipponSteel #US #USSteel #steel #business #merger #acquisition #challenges #risks #deal

Lakshmi Mittal, executive chairman of АрселорМиттал, is calling for immediate action to save the EU steel industry as the current Carbon Border Adjustment Mechanism (CBAM) is not an effective remedy and the bloc is still suffering from an overflow of imports from countries with an overcapacity. If this remains unresolved, Europe is likely to face further deindustrialisation. https://lnkd.in/eN8J2W3e #EU #ArcelorMittal #steel #industry #production #challenges #risks #demand #import #competitiveness #costs #CBAM #environment #decarbonisation #CO2 #emissions #government #support