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2,789 news items in Global Steel News. Show all
Iron ore futures extended gains for a third consecutive session on Thursday, driven by China's pledge for additional stimulus, which restored confidence just as the effects of the latest monetary easing measures began…
South Korean steel producer Posco has selected Primetals Technologies to supply a new tilting drive for LD converter (BOF) No. 3-2 at its Pohang plant, which began operation in June 2024. Primetals handled engineering…
Voestalpine, an international steel and technology group, has successfully issued its first green corporate bond, raising EUR 500 mln (USD 558 mln). The five-year bond carries a 3.75pct coupon and attracted strong…
Murat Cebecioglu, chairman of IREPAS (International Rebar Exporters and Producers Association), highlighted at a conference the growing instability in the global long steel industry's supply and demand balance, with…
Iron ore futures extended gains on Wednesday as Beijing's recent stimulus measures fueled optimism for steel demand. Following Tuesday's broad policy easing, the Chinese central bank cut medium-term lending rates to…
Metso has signed a contract with Beijing Shougang International Engineering Technology Co. Ltd (BSIET) to deliver a traveling grate pelletizing plant for Ruifeng Iron and Steel Group Co., Ltd. in Tangshan, Hebei…
SSAB and Framery have announced a strategic collaboration to integrate fossil-free steel into the production of office pods, marking a significant step in workspace sustainability. Framery has made strides in…
Energiekontor AG, a leading German project developer of wind and solar parks, and Salzgitter Flachstahl GmbH have signed long-term power supply contracts for two solar park projects in Mecklenburg-Western Pomerania…
Iron ore futures surged on Tuesday following Beijing's announcement of monetary stimulus aimed at supporting the economy. China's central bank introduced several policy measures, including a cut to the reserve…
Nippon Steel has announced its decision to sell shares in Posco Holdings to enhance asset efficiency through asset compression, according to a press release. The Japanese steel firm currently holds 2.89 mln shares…
Primetals Technologies has secured a five-year cost-per-ton maintenance contract with Outokumpu Stainless USA, a leading stainless steel manufacturer. Under this agreement, Primetals will oversee the repair and…
SSAB has partnered with Trelleborg Sealing Solutions Kalmar AB to supply fossil-free steel for anti-squeal brake shims, essential for reducing noise in vehicles, particularly electric cars. Trelleborg, a supplier of…
Iron ore futures tumbled on Monday as market sentiment weakened due to the absence of new stimulus measures from Beijing. Despite expectations of a rate cut to bolster the economy, the Chinese central bank kept the…
China's steel crisis is driving a wave of bankruptcies and accelerating industry consolidation, according to a Bloomberg Intelligence (BI) report. Nearly three-quarters of Chinese steelmakers reported losses in the…
India's finished steel imports from China reached a seven-year high in the first five months of the 2024/25 fiscal year, according to provisional government data reported by Reuters. Overall, India's finished steel…
Primetals Technologies and Posco have signed a cooperation agreement to design and implement a HyREX demonstration plant at Posco's facility in Pohang, South Korea. This initiative builds on a memorandum of…
Iron ore futures edged higher on Friday but relinquished some gains by session's end after Beijing maintained its benchmark lending rates. The Chinese central bank maintained the one-year loan prime rate at 3.35pct and…
Tata Steel has successfully commissioned India's largest blast furnace at its Kalinganagar facility in Odisha, according to a stock exchange filing. The phase II expansion, with a total investment of INR 27,000 crore…
JFE Steel Corporation announced that its JGreeX green steel will be used in surface mounters produced by Yamaha Motor Co., Ltd., known for manufacturing motorcycles and other products. Certain exterior parts of the…
Tenaris has invested USD 520,000 to install an electric induction coil for the upsetting line at its TuboCaribe seamless steel pipe mill in Cartagena, Colombia, replacing a natural gas furnace. This line, which…
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