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2,789 news items in Global Steel News. Show all
Taiwan's China Steel Corp (CSC) will reduce domestic steel prices in September, marking its first across-the-board cut since August last year. The reduction follows a surge in low-priced Chinese steel exports, which has…
Iron ore futures extended their losses on Thursday, driven by weak steel production data and concerns about demand. China's crude steel output fell by 9pct YoY to 82.9 mln tons in July and dropped 9.5pct compared to the…
Primetals Technologies has received the final acceptance certificate (FAC) from Yantai Walsin Stainless Steel for a new stainless steel combination mill in Yantai, Shandong Province, China. This mill, which can produce…
Malaysia's Ministry of Investment, Trade & Industry has initiated an antidumping investigation into tinplate imports from China, India, Japan, and South Korea. The investigation follows a complaint from Perusahaan Sadur…
Japan's Mitsui & Co., Ltd. will establish a new electrical steel sheet processing facility in Skarbimierz, Poland, the company announced. The new entity, named Polska-Mit Steel sp. z o.o., will begin operations in April…
Iron ore and steel futures fell sharply on Wednesday, driven by disappointing credit data that heightened concerns about demand. China's bank lending dropped to its lowest level in nearly 15 years, affected by weak…
China's steel industry is facing a crisis more severe than the downturns of 2008 and 2015, according to Hu Wangming, Chairman of China Baowu Steel Group, as reported by Bloomberg. Hu characterized the current conditions…
Achv Aceros has awarded Danieli Centro Tubes a contract to supply two advanced ERW tube mills for its new facility in Monterrey, Mexico. These mills will manufacture welded structural tubes with yield strengths up to…
Ruukki Construction, a subsidiary of SSAB, has partnered with Logicenters, Nrep's logistics division, to provide solutions for a new logistics center in Tampere, Finland. The facility will utilize Ruukki LowCarbon…
Iron ore futures remained steady on Tuesday, with the key steelmaking material continuing to face pressure due to weak demand. Many Chinese steel mills are experiencing losses and reducing output through maintenance as…
Sims Limited has announced a binding agreement to sell its UK metal business to Unimetals Group Limited for approximately USD 249 mln in after-tax cash proceeds, including retained working capital. The final amount will…
Outokumpu, a global leader in sustainable stainless steel, began its foray into the metal powder market for additive manufacturing nearly a year ago. In April 2023, the company launched a pilot project to produce metal…
Makstil AD has selected Danieli technologies to overhaul the reheating furnace at its plate mill in Skopje, North Macedonia. This upgrade will involve a complete redesign of the reheating process, utilizing Danieli's…
Iron ore futures declined on Monday as persistent weak fundamentals continued to weigh on market sentiment. The majority of Chinese steel mills are cutting production to mitigate losses due to weak downstream steel…
India's JSW Steel Limited's Board of Directors has approved the acquisition of up to 66.67pct economic interest in M Res NSW HCC Pty Ltd for USD 120 mln through its wholly owned subsidiary, JSW Steel (Netherlands) B.V…
Vietnam's finished steel production is expected to reach 30 mln tons this year, a 7pct increase from last year, according to the Ministry of Industry and Trade (MoIT). However, the sector faces challenges, including…
The Federation of Thai Industries (FTI) has warned that the Thai steel industry may face dominance by Chinese companies establishing factories in the country, according to local media reports. FTI Chairman Kriengkrai…
The United Kingdom's regulator, Trade Remedies Authority (TRA) has proposed revising the tariff rate quota (TRQ) for category 1 steel, non-alloy and alloy hot rolled sheets and strips, due to recent changes affecting…
Iron ore futures recovered on Friday, helped by improved economic data, though concerns about weak demand persist. China's consumer price index (CPI) rose by 0.5pct YoY in July, according to the National Bureau of…
State-owned Steel Authority of India Limited (SAIL) reported a significant 60pct decline in consolidated net profit, totaling INR 81.78 crore (USD 9.7 million) for the quarter ending June 30, 2024. The company's total…
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