December 2015

TRADE CASE MONITOR: Around the world in December

As competition in the global steel markets remains tough, Steel First provides an update on the new, progressing and closed trade cases from around the world in December.

2016 OUTLOOK: EU construction sector enters New Year with optimism

Growing activity in the European construction industry is expected to support long steel demand in 2016, although challenges and regional differences will remain.

2016 OUTLOOK: No comfort for steel sector in China’s car output targets

Will China’s automotive industry continue to enjoy steady growth and to drive demand in the upstream steel market in 2016? Most participants in the sector are not optimistic about the prospects.

NLMK considers buying Revyakino long steel mill

Novolipetsk Steel (NLMK), one of Russia’s major steelmakers, is considering the purchase of compatriot long steel producer Revyakino Metal Rolling Plant (RMZ), Reuters reported on Tuesday December 29.

Italy’s Fincantieri to build four more cruise ships for Carnival

Italian shipbuilding group Fincantieri has signed an agreement to construct four more vessels for US cruise company Carnival worth an estimated €2.5 billion ($2.73 billion).

Formosa Ha Tinh Steel produces Vietnam's first HRC

Formosa Ha Tinh Steel (FHTS) has successfully produced Vietnam's first hot rolled coil, the company announced late last week.

2015 REVIEW: The dilemma facing Asian EAF mills

Steel executives at electric arc furnace (EAF) mills in Asia have been faced with a difficult dilemma in 2015, of whether to produce or not produce steel.

INTERVIEW: China dumps steel, Turkey does not, Çikrikçioglu says

Low-priced Chinese imports are one of the most critical problems facing the Turkish and global steel industry, according to the deputy chairman of the Turkish Exporters Assembly (TIM) and the Turkish Steel Exporters’ Assn.

Ezz Steel sees earnings increase 6% in Jan-Sep

Earnings at Egyptian steelmaker Ezz Steel increased by 6% year-on-year in the first nine months of 2015, the company said on Wednesday December 30.

Vietnam initiates probe on imported billet, long steel

Vietnam has initiated a safeguard investigation on imports of billet and long steel products into the country.