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Consumer confidence in Mexico up 13.6 percent in September
0 percent, the largest increase in the last 21 months, only surpassed by the 31.In September, the CCI was 46.The question—How do you consider the current economic situation of the country, compared to 12 months ago?6 points more than the same month last year.3 points less than the previous month and 5.

🌎 International · 🗓️ October 10, 2023 · Steel

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Liberty Steel gets EC approval for acquisition of Hungary’s Dunaferr
“We are now working at pace to complete the transaction as quickly as possible,” a Liberty Steel spokesperson commented.Liberty Steel has been working closely with Dunaferr to help restart the latter’s blast furnace No.Liberty Steel paid about HUF 20 billion (€51.65 million) to acquire Dunaferr in a liquidation procedure this summer.2, meltshop and cold rolling mill, as SteelOrbis previously reported.

🌎 International · 🗓️ October 10, 2023 · Steel

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UK steel imports resemble ‘a python swallowing a goat’
The reporting of the carbon emissions embedded in steel products entering the EU begins on October 1.The panel debate covered a wide range of topics, including the EU’s incoming Carbon Border Adjustment Mechanism (CBAM) and the need to decarbonise the UK steel industry.And Wooffindin also expressed concern about the cost of energy in the UK, compared to countries elsewhere in Europe.He said: “We do need a decarbonised steel offering in the UK.”Murphy, however, suggested that the UK government’s investment to decarbonise domestic steelmaking was “still behind the curve” compared to counterparts in the EU.

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🌎 International · 🗓️ October 10, 2023 · Steel

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Gerdau halts operation of Brazilian plant
The current import tax for steel products in Brazil ranges from 9.In their view, Brazil should adopt a higher import tax for steel products, an alternative already adopted by Mexico, the US, the EU and some countries in South America.The move is in line with the declaration made last week by Gerdau’s CEO, Gustavo Werneck, that the situation of these workers could not be maintained indefinitely, unless the government authorities impose a 25 percent import tariff for steel products, as an alternative to reduce the volume of imported steel products, originated chiefly from China and Russia.6 percent to 3.8 percent, figures considered by the Brazilian steel producers as not sufficient to reduce the volume of imports, which have increased on yearly basis by 48.

🌎 International · 🗓️ October 09, 2023 · Steel

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US rebar imports up 10.4 percent in August
Other top sources of imported rebar in August include Egypt, with 42,178 mt; Mexico, with 13,436 mt; Vietnam, with 11,456 mt; and Canada, with 8,502 mt.The US imported the most rebar from Algeria in August, with 73,593 mt, compared to 22,912 mt in July and 41,071 mt in August 2022.

🌎 International · 🗓️ October 09, 2023 · Steel

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