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2,789 news items in Global Steel News. Show all
ArcelorMittal has launched a new steel product, HyMatch, designed for constructing hydrogen pipelines to support the development of hydrogen gas infrastructure. This initiative involves research across ArcelorMittal's…
Iron ore futures gained on Friday amid hopes for additional stimulus measures from Beijing, though concerns about demand remained. The market anticipates new stimulus following weak Chinese manufacturing data released…
Tata Steel and Welspun Corp have teamed up to produce hydrogen-compliant grade steel pipes designed for the safe transportation of gaseous hydrogen. Their collaboration has resulted in the successful development and…
Indian state-owned iron ore miner NMDC reported an 11pct YoY decline in production, totaling 2.17 mln tons in July. In the same month last year, the company produced 2.44 mln tons, according to a BSE filing. However…
Iron ore futures gained on Thursday, driven by a more optimistic short-term demand outlook. The National Development and Reform Commission (NDRC) of China released a survey indicating a cautious optimism for the Chinese…
Baoshan Iron & Steel Co. Ltd., a leading Chinese steel producer, has successfully completed the initial rolling of bars using the Kocks Reducing & Sizing Block (RSB) in its new SBQ rolling mill. This investment enhances…
Korean steel producers Posco and Dongkuk Steel have been cautious about joining Hyundai Steel's anti-dumping complaint against low-priced thick steel plates from China, according to industry sources, reported by the…
ArcelorMittal, a global leader in steel and mining, reported a net profit of USD 1.442 bln for the first half of 2024, down from USD 2.956 bln during the same period last year. The decline was primarily attributed to…
Dalian iron ore futures fell slightly on Wednesday as weak demand fundamentals overshadowed stimulus hopes prompted by recent manufacturing data. China's manufacturing activity continued its decline for the third…
Shagang Group has commissioned new Castrip lines at its Zhangjiagang plant in Jiangsu Province, China, according to equipment supplier, Primetals. Since introducing Castrip technology in 2018, Shagang has invested in…
Tata Steel Ltd reported a consolidated profit of INR 960 crore (USD 114.6 mln) for the quarter ending June 30, 2024, marking a 51pct increase YoY. However, revenue from operations fell by 8pct YoY to INR 54,771 crore…
Thyssenkrupp Rasselstein has awarded SMS group a contract to supply switch-mode power modules for its electrolytic tinning line in Andernach, Germany. The line, originally supplied by SMS group in 2005, will receive 44…
Iron ore futures fell on Tuesday due to ongoing concerns about weak demand. Weak steel mills' margins and mounting port-side inventories, compounded by increased imports from major miners, dampened market sentiment. The…
India's Jindal Saw reported strong net profit growth for the quarter ending June 30, 2024. Net profit surged 70.5pct YoY to INR 416.4 crore (USD 49.7 mln), while revenue grew 12.1pct YoY to INR 4,984.8 crore (USD 595…
Yamaha Motor Co., Ltd. will start using low-carbon, recycled steel sheets produced in electric furnaces for motorcycle packaging frames, marking a first in Japan, the company announced in a press release. These steel…
German steel producer, Thyssenkrupp AG is revising its outlook for FY24, ending September 30, 2024, due to ongoing market challenges that are significantly impacting sales. The market is not expected to stabilize in the…
Iron ore futures remained nearly unchanged on Monday, rebounding from earlier losses thanks to strong industrial data. Weak steel demand fundamentals, however, limited gains. Profits at China's industrial companies grew…
SMS group has installed a new twin-stand Steckel mill at Shandong Tisco Xinhai Stainless Co. Ltd. in China. On June 21, the mill successfully rolled five coils in continuous operation, achieving dimensions of 1500 mm…
Thailand's steel industry has faced sluggish sales in the first five months of this year, attributed to reduced construction spending and competition from low-cost Chinese imports, according to Tata Steel (Thailand) Plc…
Steel Dynamics Heartland Division (SDI Heartland) has partnered with ABB Electrification Service to upgrade its aging substation equipment. ABB will design, build, and install new switchgear doors, controls, and…
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