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.

China exports 2207.432 tons of calcium metal in November 2023

Tata Steel aims to become one of the lowest cost steel producers in the world thanks to the advanced technologies implemented at the Kalinganagar facility.

South Korean steelmaker POSCO plans to build a hot briquetted iron (HBI) plant with a capacity of 12 million mt per year at Australia's largest iron ore terminal Port Hedland

Saudi Arabia is making a strategic investment of $12 billion in ferrous metallurgy, expecting a significant 2.5-fold increase in steel consumption.

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

The UK also aims to establish a system for measuring the carbon emission content of products. CBAM will work with the UK Emissions Trading Scheme to reduce the risk of carbon leakage.