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Mastodon: AboutGet the appKeyboard shortcutsView source codev4.4.0-nightly.2025-04-15

#steel

39 posts27 participants0 posts today
Public
China Business Forum

[#TRADESHOW] The 25th #China (Guangzhou) #International #Stainless #Steel #Industry #Exhibition, May 10–12, 2025, China #Import and #Export #Fair Complex, #Guangzhou. As a premier #platform for #showcasing the latest #developments in the stainless steel industry, this #event connects #manufacturers, downstream dealers, and industry professionals in one dynamic space. cnbusinessforum.com/event/25th

China Business Forum2025 Guangzhou Stainless Steel Industry Expo | May 10-12, 2025Join the 25th Guangzhou Stainless Steel Industry Exhibition from May 10-12, 2025, at China Import and Export Complex. Explore stainless steel innovations, raw materials, and advanced processing
Public
MediaFaro Analysis

Europe's steel industry flattened by crisis.

Hit by new US tariffs, the European steel industry has been hit by falling demand and intensified competition from Chinese overproduction.

The viability of most steel plants across the continent is now at risk.

mediafaro.org/article/20250416

A steelworker works in one of the furnaces of a Thyssenkrupp Steel Europe steel mill in Duisburg, Germany, in May 2023. | ROLF VENNENBERND / DPA PICTURE-ALLIANCE VIA AFP
Le Monde · Europe's steel industry flattened by crisis.By Bastien Bonnefous
#Europe#EU#Steel
Public
Global Threads

🇬🇧 UK | 🇨🇳 CHINA
🔴 UK Eyes Trade Reset with China

🔸 Guardian: Business Minister Reynolds to visit China in 2025 to revive JETCO talks.
🔸 China is UK’s 5th largest trading partner.
🔸 Labour govt seeks engagement but bars China from UK steel sector.
🔸 Key sectors open to investment: autos, life sciences, agriculture.

#UK#China#JETCO
Public
Emeritus Prof Christopher May

The problem with rescuing British Steel is whether the Govt. will mandate a 'buy British first' strategy for steel in the face of the price competition from a Chinese steel sector that not only dominates world production, but also over-produces for China's domestic demand & so exports at cost (or below cost?) to retain economies of scale?

However, China has been pretty active at the World Trade Organisation disputing measures intended to contain its steel exports.

#steel#economics#WTO
Public
R. Scott Pert

South Korean steelmaker POSCO is considering joining a project by Hyundai Steel to build a $5.8 billion plant in Louisiana as the country's #steel industry tries to respond to U.S. tariffs on the sector, news reports said on Sunday.

> #POSCO said the company was considering various strategic options regarding its investment in the United States, but nothing had yet been decided.
channelnewsasia.com/business/s #Louisiana #SouthKorea

CNASouth Korea's POSCO considers joining Hyundai Steel's $5.8 billion steel plant project in US, reports saySEOUL : South Korean steelmaker POSCO is considering joining a project by Hyundai Steel to build a $5.8 billion plant in Louisiana as the country's steel industry tries to respond to U.S. tariffs on the sector, news reports said on Sunday.Hyundai Steel said it did not have any comment on the matter.
Public
Jon PENNYCOOK

Steel as essential for defence: 'Britain’s steelworks are anyway not entirely self-sufficient. They rely on imports of coal and iron ore from countries like Australia, Brazil, South Africa and Sweden. Nor were they self-sufficient in times of war. In the period leading up to the second world war, Britain sourced large quantities of iron from Sweden to make weapons'

economist.com/britain/2025/04/

UK Parliament Recalled To Debate The Renationilsation Of British Steel
The Economist · Britain’s rushed, muddled intervention in the steel industryBy The Economist
#UK#steel#manufacturing
Public
Hey Gus

I bought a 2023 specialized stump jumper in carbon fiber over winter with plans of riding a mtb on the trails by my house and surrounding area. All I’ve done is ride my fully rigid #steel and #aluminum bikes. Now I want to sell this 2k+ contraption for an #omnium #cargobike - they’re next to impossible to find on the secondary market in the US though

Public
CLondoner92 (New Account)

The #UK Government has taken urgent action to safeguard #British #steel production by recalling Parliament to pass emergency legislation aimed at keeping the #Scunthorpe steel plant operational. This follows British Steel’s owner, Jingye, announcing immediate closure of its blast furnaces despite a £500m government co-investment offer. The new law grants powers to direct the company’s operations, ensure workers are paid, and maintain furnace activity, with protection for staff defying closure orders. This exceptional intervention aims to protect jobs, national security, and vital supply chains, ensuring steel supply for major infrastructure projects like housing and transport under the Plan for Change. Funding will come from the existing £2.5bn steel fund within current budgets, with no new borrowing, reflecting the Government’s commitment to securing key industries and strengthening the UK’s economic resilience.
gov.uk/government/news/governm

GOV.UK · Government acts to save British steel productionBy Department for Business and Trade
Public
Jack of all trades

"""
The UK government took effective control Saturday of Britain’s last remaining factory that makes steel from scratch from its Chinese owners, after lawmakers approved an emergency rescue.

(...)

Jingye has said the Scunthorpe plant is losing 700,000 pounds ($910,000) a day as a result of challenging market conditions and increased environmental costs.
"""

edition.cnn.com/2025/04/12/eur

CNN · British government takes over running of UK’s last major steel plant from Chinese owner JingyeBy Associated Press
#UK#steel
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