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2,789 news items in Global Steel News. Show all
Iron ore futures gained on Thursday, driven by stimulus hopes despite ongoing demand concerns. The optimism was fueled by the US central bank's decision to cut interest rates for the first time in over four years…
Jindal India Limited, a major player in India's downstream steel industry, has announced plans for a capital expenditure of INR 1,500 crore (USD 179 mln) to significantly boost its production capacity. The expansion…
Tokyo Steel, a leading EAF-based steel producer in Japan, has reduced steel prices for October after maintaining stable prices for the past seven months. HRC (1.7-22 mm) prices were lowered by JPY 12,000 (USD 85) to JPY…
SSAB and Meka Pro Oy have finalized an agreement for deliveries of fossil-free steel for manufacturing cable management systems, such as cable ladders and trays. Starting in 2026, Meka Pro Oy will receive small batches…
Iron ore futures plunged on Wednesday following the post-holiday resumption of trading, driven by cautious market sentiment surrounding demand prospects. Chinese commodity markets were closed earlier in the week due to…
Sinosteel Engineering & Technology Co., Ltd. (Sinosteel E&T) and Tenova have announced the successful performance test of Baosteel Zhanjiang Iron & Steel Co., Ltd.'s new hydrogen-based 1 mln tons per year ENERGIRON…
ArcelorMittal Nippon Steel India (AM/NS India) has invested nearly INR 1,000 crore (USD 119 mln) in its Gujarat plant to establish a production line for Magnelis, a patented flat carbon steel with a…
Vallourec, a global leader in premium seamless tubular solutions, has signed a definitive agreement to acquire 100pct of the shares of Thermotite do Brasil Ltda., a subsidiary of Mattr specializing in thermal insulation…
Australian steel producer BlueScope Steel, through its subsidiary BlueScopeX Pty Ltd, has signed a memorandum of understanding (MoU) with Helios Project Ltd., the developer of the Helios Cycle, a novel process that uses…
Tata Steel is set to commission the phase-II expansion of its Kalinganagar plant, which will increase its steelmaking capacity from 3 mln tons per annum to 8 mln tons per annum. This expansion solidifies Odisha as the…
Cleveland-Cliffs Inc. is advancing its transformational project at the Middletown Works facility in Middletown, Ohio, with up to USD 500 mln in potential funding from the Department of Energy. The project will replace…
The state-owned RINL steel plant is in a severe crisis following the shutdown of its second blast furnace last week due to a shortage of funds and raw materials, especially coking coal, according to local media reports…
Jindal Steel & Power Limited (JSPL) and Jindal Renewable Power Private (JRPL) have signed a memorandum of understanding (MoU) for India's largest green hydrogen investment by a steelmaker. The MoU outlines JSPL's plan…
Marcegaglia has commissioned Primetals Technologies to undertake a comprehensive modernization of its spout-type electric arc furnace (EAF) and dedusting system at the Sheffield plant. This upgrade is part of…
Iron ore futures declined on Friday but recorded weekly gains as mills increased production to capitalize on improved steel demand. The reduction in steel inventories at major Chinese warehouses, signaling stronger…
JSW Steel reported a 1pct YoY increase in consolidated crude steel production for August 2024, reaching 2.31 mln tons, according to a stock exchange filing. In India, production rose by 2pct to 2.24 mln tons, up from…
NMDC, India's leading iron ore producer, has allocated INR 2,200 crore (USD 262 mln) for FY 2025 to establish a slurry pipeline and new processing plants, targeting a production increase to 100 mln tons by 2030. Amitava…
Gerdau Whitby recently placed orders with AIC to manage the intermediate drives, finishing drives, and the complete control system for their rolling mill. This project, commissioned in the summer of 2024, achieved a…
Iron ore futures rose on Thursday, driven by pre-holiday restocking activity, which lifted market sentiment. Steel inventories at major Chinese warehouses continued to decline ahead of the Mid-Autumn Festival holidays…
ICRA forecasts a 9-10pct growth in domestic steel consumption for the current financial year. The first quarter saw a robust 15pct YoY increase in steel consumption, driven by competitively priced imports. ICRA…
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