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Iron ore futures fell on Wednesday as a clouded demand outlook dampened market sentiment. Earlier this week, the Politburo signaled a shift in policy, pledging a moderately loose monetary stance and more proactive…
Xinyu Iron & Steel Co. Ltd. (XISCO), a leading Chinese special steel producer and subsidiary of China Baowu Group, has successfully rolled the first bar using its newly installed KOCKS RSB 370++/4. This advanced…
Hyundai Steel has reversed its decision to shut down its Pohang Plant No. 2 in Gyeongsangbuk-do following strong opposition from the labor union, according to local media reports. On December 3, the company rescinded…
The national security review of Nippon Steel's USD 15 bln bid for U.S. Steel is ongoing, with President Joe Biden awaiting the Committee on Foreign Investment in the United States (CFIUS) recommendation, expected by…
A cargo ship carrying 1,500 tons of scrap metal severely damaged the Muden lock near Cochem on the Moselle River, halting shipping traffic until at least March 2025, according to the German Mosel-Saar-Lahn Navigation…
Iron ore futures surged on Tuesday, buoyed by expectations of stronger economic stimulus from Beijing. The Chinese Politburo announced plans for looser monetary policies and proactive fiscal measures to spur economic…
China's steel exports exceeded 100 mln tons in the first 11 months of 2024, marking the first time since 2016, according to data from the General Administration of Customs. The last time China's annual steel exports…
India emerged as a net steel importer during the April-November period of FY25, despite notable shifts in export and import trends in November. In the eight-month period of FY25, steel imports rose 27pct YoY to 6.5 mln…
The Indian Stainless Steel Development Association (ISSDA) has urged the Ministry of Steel to introduce a dedicated policy for the stainless steel industry. "We have requested an exclusive stainless steel policy because…
Tenova has partnered with DMV (Cogne Group, formerly Mannesmann Stainless Tubes) and other companies to launch the EU-funded LIFE H2Reuse project, which began in July 2024. This initiative aims to cut the carbon…
Iron ore futures rose on Friday as Beijing's commitment to stronger economic support in 2025 bolstered market sentiment. The Chinese Politburo announced plans for looser monetary policy and more proactive fiscal…
JSW Steel posted a 5pct YoY increase in consolidated crude steel production for November 2024, reaching 2.32 mln tons. Within India, production increased by 7pct to 2.25 mln tons compared to 2.11 mln tons last year…
Tenaris has completed the production of steel pipes for Equinor's Raia offshore gas pipeline project at its welded mill in Pindamonhangaba, Brazil. The Raia project involves the construction of a 200-kilometer subsea…
SSAB has been granted SEK 1.45 bln (USD 132 mln) from the EU's Just Transition Fund to support the transition to fossil-free steel production at its Lulea operations in Norrbotten, Sweden. The funding will help…
Iron ore futures fell on Friday as concerns over weak steel demand continued to pressure the steelmaking raw material market. Iron ore futures posted gains earlier this week supported by short-term demand as steel…
India's finished steel imports from China hit a record high in the first seven months of the current financial year, with shipments reaching 1.7 mln tons from April to October, up 35.4pct YoY, according to provisional…
The U.S. Department of Commerce (DOC) has decided to impose provisional duties on oil country tubular goods (OCTG) from Argentina and Mexico following its preliminary findings. DOC determined that Argentine OCTG…
Outokumpu, a global leader in sustainable stainless steel, is investing USD 42 mln to build a biocarbon production plant in Sassnitz, Germany, to further reduce its climate impact. This investment is part of the…
Iron ore futures fell on Thursday as market attention shifted to demand fundamentals and growing concerns that Beijing might not deliver stronger stimulus measures. Investor sentiment turned cautious following Chinese…
India's state-owned iron ore miner, NMDC, reported an 18pct YoY increase in production, reaching 4.41 mln tons in November 2024, compared to 3.83 mln tons in the same month last year, according to a stock exchange…
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