Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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2,789 news items in Global Steel News. Show all
Nippon Steel has launched operations at a new high-speed roughing mill with shiftable roughing stands at its Kamaishi special steel plant, producing high-quality wire rod. The tailor-made roughing mill, now operational…
Dalian iron ore futures fell for the fourth consecutive session on Wednesday, as the latest stimulus measures from Beijing failed to boost market sentiment. According to a Reuters report, an official policy document…
India's Tata Steel reported a 6pct increase in crude steel production, reaching 5.68 mln tons in Q3 FY25, up from 5.35 mln tons in the same quarter last year. For the first nine months of FY25, the company's steel…
NMDC Steel (NSL), an Indian steel producer with a capacity of 3 mln tons per annum, has become the first in the country to receive the Bureau of Indian Standards (BIS) certification for hot rolled steel strip, sheet…
Australia's Fortescue has partnered with a wholly-owned subsidiary of China Baowu Steel Group, the world's largest steelmaker, to tackle the challenges of decarbonizing the global steel industry. Fortescue, the…
Iron ore futures continued their downward trend on Tuesday, weighed down by persistent concerns over demand. The market faced headwinds from higher port-side inventories and weak steel demand. Additionally, the absence…
Hyundai Motor Group is considering building its first overseas steel mill in New Orleans, Louisiana, to shield itself from potential protectionist policies under Donald Trump's second term, according to industry…
Japan's largest steelmaker, Nippon Steel, has vowed to continue its efforts to acquire U.S. Steel despite President Joe Biden blocking the USD 15 billion bid last week over national security concerns. The decision to…
Iron ore futures fell on Monday, weighed down by weak fundamentals that continued to dampen market sentiment. The declining steel output due to weak demand and higher port-side iron ore inventories have kept the demand…
The Indian government will launch a new round of the production-linked incentive (PLI) scheme for the steel sector. Steel Minister H D Kumaraswamy will announce the 'PLI Scheme 1.1' and invite applications on January 6…
ArcelorMittal South Africa Ltd. (ArcelorMittal SA) will shut down its long-steel products business after months of consultations with the government failed to prevent job losses. In October 2024, the company warned…
Nippon Steel Corporation, its wholly owned subsidiary Nippon Steel North America (NSNA), and United States Steel Corporation (U.S. Steel) have filed two lawsuits to address illegal interference with Nippon Steel's…
Iron ore futures fell on Friday as reduced steel production and sluggish steel demand dampened market sentiment. Higher port-side iron ore inventories and persistent challenges in the property sector, a key steel…
The Indian government announced that 151 steel standards developed by the Bureau of Indian Standards (BIS) have been incorporated into the Quality Control Order (QCO). Efforts are ongoing to create standards for all…
India's largest iron ore miner, NMDC Ltd, reported a 5.1pct YoY increase in production for December 2024, reaching 4.71 mln tons, up from 4.48 mln tons in December 2023. However, sales of iron ore declined by 6.7pct…
Posco has placed an order with Danieli Rotelec for a Multi-Mode Electro Magnetic Stirrer (MM-EMS) to be installed on slab caster #1 at steel plant #2 in Gwangyang Works, Korea. Slab caster #3 at the same plant, which is…
U.S. President Joe Biden has blocked the USD 14.3 bln acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns. The deal, first announced in December 2023, has been politically contentious…
Iron ore futures gained ground on Thursday in post-New Year holiday trading, buoyed by expectations of steady near-term demand. Chinese steel mills are likely to accelerate restocking their iron ore inventories ahead of…
China appears unlikely to meet its year-end target for increasing the share of less-polluting steel production as adoption of cleaner electric-arc furnaces (EAFs) stalls, Bloomberg reports. The property crisis has…
India's Rama Steel Tubes Limited has reported its sales volume performance for Q3 FY25 and the first nine months of FY25. In Q3 FY25, the company achieved a sales volume of 51,669.01 tons, up 10pct YoY from 50,921.67…
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