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2,789 news items in Global Steel News. Show all
JSW Steel reported a 9pct YoY increase in consolidated crude steel production for July 2024, reaching 2.215 million tons, according to a stock exchange filing. In India, production rose by 13pct to 2.14 million tons, up…
Salzgitter Group and RWE Supply & Trading have secured a long-term green electricity supply agreement for up to 64 gigawatt-hours annually. This seven-year contract will commence in 2027. The green electricity will be…
The European Union has launched an anti-dumping investigation into imports of hot-rolled flat steel from Egypt, India, Japan, and Vietnam, as announced in the Official Journal of the European Union. The investigation…
Iron ore futures fell on Thursday, pressured by weak steel demand and market sentiment. Persistent sluggishness in downstream steel demand has led steel producers to cut output, reducing iron ore demand. Additionally, a…
Jindal Steel & Power Limited (JSPL) has strategically diversified its coking coal sources to manage geographical risks and reduce cost pressures, the company announced. This move supports India's goal of reaching 300…
The South Korean steel industry is grappling with significant challenges, including a domestic construction slowdown, aggressive Chinese exports, and declining supply prices, according to local media reports. In Q2…
The Australian Steel Institute (ASI) is urging state and federal government support for local steel fabricators and manufacturers as they face severe impacts from a surge in cheap imports. A July 2024 ASI survey…
Swiss multinational commodity trading and mining company, Glencore has abandoned plans to separate its coal division, a move announced after acquiring a 77pct stake in Elk Valley Resources (EVR). The decision came after…
Iron ore futures extended their losses on Wednesday due to a dim demand outlook driven by weak steel demand. Analysts expect that reduced steel profitability may lead mills to cut operations and limit production. Rising…
China's steel exports rose by 7.5pct YoY in July 2024 to 7.83 mln tons, though this marked a decrease from May's 8.75 mln tons and represents the second consecutive month-on-month decline. From January to July 2024…
India's Shyam Metalics and Energy reported substantial gains in stainless steel sales, which surged 219pct YoY to 5,699 tons in July 2024, up from 1,786 tons in July 2023. Carbon steel sales, including billets and long…
Dongkuk Coated Metal Co. (Dongkuk CM), a subsidiary of South Korea's Dongkuk Holdings Co., has agreed to acquire Aju Steel Co., a color-coated steel specialist, in a USD 93.4 mln deal. This acquisition will position…
Tata Steel Nederland has selected Primetals Technologies to provide a pellet pot testing facility for its pilot plant in IJmuiden, the Netherlands. Primetals will design, supply, and implement the equipment, including a…
Iron ore futures fell on Tuesday as market sentiment was dampened by lower production figures and persistently weak steel demand. Daily crude steel output among China Iron and Steel Association (CISA) member mills…
China's steel exports may decline in the coming months due to growing international pushback, Bloomberg reports. Vietnam has joined the US and Chile in initiating anti-dumping investigations against Chinese steel, as…
ArcelorMittal has completed its acquisition of a 28.4pct stake in Vallourec, buying 65,243,206 shares from Apollo Global Management Inc. The deal, valued at approximately EUR 955 mln (USD 1.045 bln), was finalized…
Liberty's technology partner has secured financial support for a significant investment at the Dunaujvaros steelworks in Hungary. In principle, China's CISDI Engineering and China's Export and Credit Insurance…
Iron ore futures gained on Monday, supported by expectations of stimulus measures from Beijing and an improved outlook for steel demand. China's services sector saw accelerated growth in July, driven by new orders…
India's DEE Development Engineers announced that it has bagged two international orders from Mitsubishi Heavy Industries, Japan and GE Vernova International. DEE Development Engineers has secured two international…
Ternium plans to complete its new 2.6 mln-ton slab steel mill in Pesqueria, Nuevo Leon, Mexico, by mid-2026. This expansion, the largest in the company's history, will boost its capabilities in the USMCA region…
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