In October 2024, the global rebar market experienced significant price and demand fluctuations. Turkey and China saw price increases, while the USA and Europe faced declines. Turkish rebar prices rose due to higher scrap costs and stable domestic demand. European markets were under pressure from imported competition, while US prices fell amid weak demand and economic uncertainty. China's rebar market showed moderate price growth influenced by macroeconomic expectations. Understand the regional trends impacting the global rebar market.

Acciaierie d’Italia and DRI d’Italia, a subsidiary of Invitalia, have signed an MoU to build a 2.5 million tonne DRI plant in Taranto. The project aims to boost steel production and support decarbonization efforts. The construction costs, covered by €1 billion in public funds, may require adjustments to the existing site's structure. ADI plans to resume full production at its Taranto facility, with Blast Furnace No. 1 already operational and No. 2 scheduled for restart in Q1 2025.

JSW Steel, a leading Indian steel producer, announces its quarterly crude steel output has hit a new high of 6.63 million tons, marking a 7% YoY and 9% MoM increase. The company's financial report for Q2 FY 2024-2025 highlights a successful capacity expansion project in Odisha, India, and the commissioning of a 4.5 million tons/year blast furnace in Vijayanagar. With a focus on growth and capacity utilization, JSW Steel's total crude steel production capacity in India now stands at 34.2 million tons/year, reinforcing its position as a key player in the global steel industry.

The proposed merger between Nippon Steel and U.S. Steel promises significant economic gains for Pennsylvania, particularly in southwestern regions. According to an economic impact analysis by Parker Strategy Group, a $1 billion investment by Nippon Steel Corp. in Mon Valley Works facilities could create up to 4,864 jobs and generate a total economic impact of $952.9 million over two years, if 80% of the investment is spent in-state. U.S. Steel CEO David B. Burritt emphasizes the positive ripple effect this investment will have on families, communities, and the overall Pennsylvania economy.

The latest data from the Turkish Statistical Institute (TUIK) reveals a significant drop in Turkey's hot rolled coil (HRC) imports during the January-August period of 2023. With a 19.6% decrease in volume and a 23.7% fall in value compared to the same period last year, the market trends indicate a shift in the steel import landscape. In August specifically, imports surged 56.7% month-on-month but remained 23.1% lower year-on-year, highlighting the dynamic nature of the industry. Stay informed about the latest steel import trends in Turkey with our comprehensive analysis.

Discover the crucial distinctions between carbon steel plate and galvanized sheet, from their material composition to physical & chemical properties, applications, and cost considerations. Carbon steel plates offer high strength & wear resistance but lack corrosion resistance, while galvanized sheets enhance durability with a zinc coating, ideal for anti-corrosion needs. Choose wisely based on your project's requirements.

Explore the surge in demand for shipbuilding plates as the global shipping fleet ages, prompting capacity replacements and a shift towards energy-efficient, eco-friendly vessels. With new ship orders booming and shipyards fully booked until 2028, the shipbuilding industry's second cycle of capacity update in 2022 presents a new outlet for medium and thick plate markets. The trend towards higher strength and corrosion-resistant steel poses challenges for steel mills, yet presents opportunities to innovate and meet the evolving needs of the industry. Discover how steel producers can navigate the current market challenges and enhance their competitiveness through developing high-quality steel varieties.

Discover the diverse range of materials for channel steel, including ordinary carbon structural steel, low alloy high strength steel, welding H-beam, stainless steel, and aluminum alloy options. Learn about their unique properties such as high strength, corrosion resistance, and suitability for various applications like light structural projects, heavy machinery, shipbuilding, aerospace, and more. Choose the right channel steel material for your specific needs with this comprehensive guide.

Discover the key differences between I-beam and H-beam steel in terms of properties, appearance, performance, application fields, and production processes. Learn why H-beam excels in rigidity, stability, and metal savings, while I-beam stands out for its compression and bending resistance. Explore their diverse uses in construction, bridges, machinery, and more, and make an informed choice for your next project.

Channel steel is a common type of steel that has a variety of uses, such as building structural support, load-bearing, and modified materials.Channel steel is widely used in construction, manufacturing, transportation and other fields, and has broad market prospects. With the advancement of science and technology and the development of industry, the production process and technology of channel steel are constantly improving and perfecting.