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Iron ore futures posted gains on Wednesday, driven by improved macroeconomic fundamentals. Chinese banks extended 990 bln yuan (USD 135 bln) in new loans last month, up from 580 bln yuan in November 2024, positively…
Voestalpine has selected international technology group Andritz to modernize the electrical and automation systems of a hot-dip galvanizing line at its steel mill in Linz, Austria. This processing line, operational…
ROGESA Roheisengesellschaft Saar GmbH in Dillingen, Germany, has commissioned SMS group for a comprehensive modernization of blast furnace 4 (BF4) to extend its service life and improve hearth lining monitoring. The…
SSAB has agreed to divest its expandable rock bolts unit in Virsbo, Sweden, to U.S.-based Jennmar. The acquisition affects 66 employees, all of whom havse been offered continued employment with Jennmar. Since rock bolt…
Iron ore futures extended their gains on Tuesday, bolstered by expectations of additional stimulus from Beijing. China plans to introduce various measures to counter the effects of anticipated U.S. tariffs and a…
Chinese steel producer, Shougang Jingtang United Iron & Steel has successfully trialed the production of 0.7 mm ultra-thin HRC at its QSP-DUE plant in the Caofeidian industrial area, Tangshan City, Hebei Province. This…
Steel Authority of India (SAIL) and John Cockerill India plan to invest nearly INR 6,000 crore (USD 693 mln) to establish a downstream plant for producing cold-rolled grain-oriented (CRGO) and cold-rolled non-oriented…
Cleveland-Cliffs Inc. is in talks with Nucor Corp. about a potential joint bid for United States Steel Corp., according to a source familiar with the matter. Cleveland-Cliffs' CEO later confirmed interest in the deal at…
The joint venture between Marcegaglia Steel and Manni Group, announced in July, was officially closed today after receiving approval from the European Commission last November. The new entity will focus on insulated and…
Iron ore futures rose on Monday, driven by expectations of additional stimulus from Beijing, though concerns about demand persist. The central bank chief of China expressed confidence in the country's ability to support…
China's steel exports reached a nine-year high in 2024, totaling 110.7 mln tons, up 22.7pct from 2023, according to data from the General Administration of Customs. This marks the highest level since 2015, when exports…
Chinas iron ore imports reached a record high in 2024 for the second consecutive year, according to customs data. The country imported approximately 1.24 bln tons last year, marking a 4.9pct increase from the 1.18 bln…
Hyundai Steel, South Korea's top rebar producer, has suspended production at its Incheon and Pohang plants until the end of January due to a slump in the construction market, leading to declining demand and prices…
Malaysia's Ministry of Investment, Trade, and Industry (MITI) has imposed provisional anti-dumping duties on tinplate imports from China, India, Japan, and South Korea. The investigation was prompted by a petition from…
Iron ore futures edged higher on Friday as the market remained cautious amid slowing demand, despite the recent stimulus measures announced by Beijing. The iron ore market continues to face challenges due to high port…
JSW Steel announced that its consolidated crude steel production increased by 2.3pct to 7.03 mln tons in the third quarter of the current fiscal year. This is up from 6.87 mln tons in the same period last year…
Taiwan's China Steel Corporation (CSC) announced it will maintain flat pricing for February to stabilize customer confidence. This move aims to counter conservative downstream procurement, manage inventory adjustments…
Italian steelmaker Acciaierie Venete has once again partnered with Danieli Centro Maskin, ordering a second straightening line for its Padova Works. This new, fully automated line is designed for high productivity…
Iron ore futures rebounded on Thursday as the market weighed recent stimulus measures from Beijing, despite ongoing concerns about steel demand. According to an official policy document, China has broadened the scope of…
Steel prices in 2025 could rise significantly if the proposed safeguard duty on imports is imposed by the end of next month, according to Crisil. Domestic prices are currently under pressure due to global price…
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