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Iron ore futures fell on Wednesday as a cautious sentiment gripped the market ahead of the holidays. The decline was fueled by comments from former U.S. President Donald Trump about potentially imposing a 10pct tariff…
JSPL has ordered the new Danieli Direct Quench (DQ) system Exstream II for its Steckel mill, also known as a reversible finishing mill, in Raigarh, India. This advanced cooling system will significantly improve cooling…
Hyundai Steel, South Korea's second-largest steelmaker, sold over 1 mln tons of automotive steel sheets to non-affiliated foreign automakers in 2024, marking a significant milestone, Ked Global reported. The company…
British Steel has opened a new GBP 26-mln (USD 32 mln) service centre at its Special Profiles business in Skinningrove, Northeast England. This investment positions the company as a leading global supplier to the…
Dalian iron ore futures continued to rise on Tuesday, driven by improving fundamentals that boosted market sentiment, despite ongoing concerns about demand. The iron ore market received support from rising steel…
The proportion of steel used in China's manufacturing sector rose to 50pct in 2024, up from 42pct in 2020, according to Yao Lin, head of the China Iron and Steel Association (CISA). This increase is driven by strong…
Marcegaglia UK has expanded its manufacturing capabilities at the Oldbury site to include the production of electro-welded stainless steel tubes, complementing its existing carbon steel tube production. This expansion…
BHP Group reported a slight increase in iron ore production for Q2 FY25, ending 31 December 2024. The company produced 73.1 mln tons, up 1pct YoY and 2pct compared to the previous month. For H1 FY25, production rose…
Iron ore futures edged higher on Monday as a drop in weekly shipments from major miners to China supported positive sentiment. However, long-term uncertainties limited the gains. According to SMM shipping data, global…
ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between ArcelorMittal and Nippon Steel, is set to launch two advanced production lines this year dedicated to manufacturing automotive steel. The new lines…
GLGH Steel, LLC has agreed to acquire Artrom Steel Tubes S.A., a Romanian producer of seamless steel tubes based in Slatina and Resita. The transaction is pending regulatory approval from Romanian authorities. GLGH…
The global long steel products market is under increasing pressure due to weak demand, market protection, and excess capacity, with no positive news from China, according to the International Rebar Producers and…
Iron ore futures prices rose on Friday, driven by a batch of improved economic indicators that boosted market sentiment. China's December economic data significantly outperformed analysts' expectations, with Q4 GDP…
HBIS Xuanhua Iron and Steel Group, in collaboration with Primetals Technologies, has successfully started up a slab caster with an annual capacity of 1.5 mln tons at its low-carbon-emission production facility in…
India remained a net importer of steel during the first nine months of FY25 (April-December), with imports nearly doubling exports. According to an internal report from the Steel Ministry, steel imports surged by over…
Canon Inc. has started incorporating recycled steel into its printing products, including office multifunction devices (MFDs), inkjet printers, and commercial presses, with plans to expand usage in 2025. By using…
Iron ore futures surged on Thursday as market fundamentals strengthened, driven by reports of recovering steel production and reduced shipments from a major miner. China's crude steel output, among the member mills of…
Hydnum Steel, the first steelmaker to produce green steel in the Iberian Peninsula region, will supply Gonvarri Industries with green steel worth an estimated EUR 1 bln (USD 1.03 bln) over the next seven years. This…
Aperam S.A., a global leader in stainless and specialty steel solutions and recycling, and Universal Stainless, a leading supplier in the aerospace and industrial sectors in the USA, announced that Universal Stainless &…
Rio Tinto has reported a slight decline in its fourth-quarter and full-year iron ore shipments from the Pilbara region. The miner exported 85.7 mln tons of iron ore in Q4 2024, down 1pct YoY. Total annual shipments…
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