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2,789 news items in Global Steel News. Show all
Iron ore futures rose on Thursday, driven by expectations of improving demand in the near future, though concerns about long-term demand persist. The reduction in finished steel inventory at major Chinese warehouses…
Nippon Steel Corporation announced additional investments in Mon Valley Works and Gary Works as part of its pending acquisition of United States Steel Corporation (U.S. Steel). These investments are in addition to the…
Tenaris has begun operations at its seamless pipe mill in Campana, Argentina, with the successful first casting of its new Electric Arc Furnace (EAF), the company announced. The EAF, featuring Consteel technology, aims…
Energy company Vattenfall and steel producer Salzgitter are advancing their goal of decarbonizing industrial production with a new Power Purchase Agreement (PPA). This agreement ensures that fossil-free electricity from…
Iron ore futures ended flat on Wednesday after an initial pullback, as the market remained cautious about demand outlook. Expectations of improved demand during the peak consumption season encouraged steel mills to…
China's steel industry slowdown is deepening, with BHP Group Ltd., the world's largest miner, and China Baowu Group Ltd., the top iron ore buyer, raising concerns as demand wanes after decades of growth, Bloomberg…
India became a net importer of steel during the April-July period, as a surge in Chinese steel imports intensified pressure on the domestic market and exports, according to a report by the Steel Ministry. Finished steel…
German special steel producer Lech-Stahlwerke (LSW) has issued the final acceptance certificate (FAC) to Primetals Technologies for an innovative scrap torch-cutting machine at its Meitingen plant. This new facility…
Iron ore futures continued to rise on Tuesday, driven by restocking demand and optimism over near-term steel demand. Expectations of improved steel consumption have prompted steelmakers to replenish iron ore stocks…
Major Chinese steel producer, Baoshan Iron & Steel (Baosteel) reported nearly unchanged net profit for the first half of 2024, as strong overseas orders and cost-cutting measures counterbalanced weak domestic demand…
SAIL's Rourkela Steel Plant (RSP), in partnership with its Research and Development Centre for Iron and Steel (RDCIS), has successfully initiated the use of biochar in Blast Furnace #1. On August 24, 2024, Atanu…
Canada will impose a 25pct tariff on Chinese steel and aluminum imports starting October 15, Prime Minister Justin Trudeau announced. China is the third-largest source of steel imports into Canada, according to the…
Iron ore futures surged on Monday, buoyed by optimism that steel demand may increase in the near future. Market sentiment improved as traders anticipated that recent property-support measures and better weather…
The enforcement of a new mining cess, or tax, by some states, following a Supreme Court ruling, may exacerbate cost pressures for the domestic steel industry, according to rating agency ICRA. On August 14, the Supreme…
U.S.-based Nalco Water, an Ecolab company, and Danieli have signed a strategic cooperation agreement to enhance industrial water treatment in the metals industry. By combining Nalco Water's chemical and service…
Magnitogorsk Iron and Steel Works (MMK) has implemented a machine learning-based digital system to optimize oxygen supply to its blast furnaces. The system, trained on historical data, provides accurate oxygen level…
Iron ore futures fell on Friday as weak fundamentals weighed on market sentiment. Chinese steel mills faced pressure from weak margins, leading to output cuts that further darkened the demand outlook for iron ore…
China will temporarily suspend its steel capacity replacement program, which began in June 2021, potentially limiting the long-term expansion of steel capacity. China's Ministry of Industry and Information Technology…
The Supervisory Board and Executive Board of Salzgitter AG have approved the construction of a new hot straightening machine at the Salzgitter Mannesmann Grobblech GmbH plant in Mulheim an der Ruhr, marking one of the…
Thyssenkrupp Materials Processing Europe, a leading steel and aluminum service center, is expanding its capacities with a low double-digit mln euro investment. At its Stuttgart site, the company plans to install two new…
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