Issue 11, 2024 - This week's editorial: ArcelorMittal surges in the tubing market with a Vallourec share acquisition

ArcelorMittal has agreed to acquire 28.4% of French tubing producer Vallourec for approximately €955 million ($1.09 billion).

ArcelorMittal will purchase 65.2 million Vallourec shares for €14.64/share from funds managed by Apollo Global Management. …

Issue 10, 2024 - This week's editorial: Pig iron remains under pressure from scrap

Russian pig iron export prices remained under pressure due to falling scrap prices, leading to subdued demand as foreign customers wait for prices to bottom out.

In certain markets, notably Italy, where pig iron market saturation levels …

Issue 09, 2024 - This week's editorial: Indian HRC export prices remain higher than other Asian competitors

Since March last year Indian export HRC prices have been the most expensive among Asian exporting countries. This is mainly due to the strong domestic demand that continues to be registered in the country. …

Issue 08, 2024 - This week's editorial: Black Sea billet prices under pressure, scrap looks down

China's weakening pricing situation after the Lunar New Year, combined with March-production availability from Russian producers amid stagnant activity in foreign markets, is exerting pressure on Russian billet prices.

At the same time, the cost …