Global steel production in November 2024 fell by 2.9% compared to the previous month to 146.8 million tons.

India is set to introduce a temporary "safeguard duty" of up to 25% on steel imports, a measure aimed at stabilizing the domestic steel market and curbing the influx of cheap products from China, according to Reuters.

On December 12, the National Bank of Ukraine (NBU) announced an increase in the key policy rate by 0.5 percentage points, raising it to 13.5% per annum.

India's iron ore imports surged to a six-year high of 1.19 million tons in November 2024, marking a significant increase from both the previous month and the same period last year.

The National Bank of Ukraine (NBU) forecasts that the Ukrainian economy will grow by 4.3% in 2025, up from 4% projected for 2024. Inflation is expected to decline to 7% in 2025 from over 10% this year.

Brazilian steel importers have already utilized 74% of their allotted quotas for the period ending January 2025, with galvanized and cold-rolled sheets being the most actively imported products.

A significant portion of steel purchased by the UK government is imported, costing taxpayers £1.5 billion annually, according to a new report by the UK Steel industry association.

The outlook for Germany’s industrial sector in 2024 remains bleak, with the German business association BDI predicting a 3% decline in production.

Apparent steel consumption in Latin America is projected to decrease by 2.7% year-on-year in 2024, reaching approximately 71.8 million tons, according to the regional steel producers’ association, Alacero.

European steel producers advocate for limitations on scrap exports to meet growing demand within the EU, spurred by the bloc's ambitious climate policies.