Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) surged 23.3% on-year in April to 169.46 million tonnes, although this came from a low base as Covid-19 hit output last year. It was down, nevertheless, 0.4% on March as most large steelmaking countries reduced somewhat …

Negotiations to refinance Sanjiv Gupta’s GFG Alliance have been thrown into doubt after the UK’s Serious Fraud Office (SFO) announced on Friday that it would investigate the group.

The SFO said in a statement that it is “investigating suspected fraud, fraudulent trading and money laundering in relation to the financing …

The sleepy CIS merchant pig iron trade has been stirred up with just one sale in the past week, when a trader sold a very long position to a buyer in Latin America. Meanwhile both Turkish scrap and Chinese iron ore reached new all time records last week.

A 30,000-tonne …

German carmaker Volkswagen Group predicts more disruptions in production due to the continued global semiconductor shortages. During the last few weeks, a number of global carmakers announced temporary stoppages of production units due to the lack of supplies, a trend expected to continue further in 2021. “Due to the increasing …