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2,789 news items in Global Steel News. Show all
Dalian iron ore futures recovered on Friday, buoyed by Beijing's latest stimulus measure, although demand fundamentals remain weak. Chinese authorities announced the allocation of 300 bln yuan (USD 41.4 bln) in…
India's steel industry is seeking government support for a level playing field amid challenges from cheap imports, according to Sajjan Jindal, chairman and managing director of JSW Steel. At the company's annual general…
Korean steel producer Posco Holdings reported a decline in net profit for Q2 2024, impacted by weak steel demand. The company's net profit for the quarter ending in June was KRW 546 bln (USD 394.5 mln), a 29.6pct…
Caleotto SPA, a Feralpi Group company specializing in wire rod production for value-added special steel, has selected AIC to upgrade its rolling mill. AIC will supply power control and automation cabinets for the new…
Steelmaking raw materials and steel futures slumped on Thursday as weak steel demand continued to weigh on market sentiment. According to the China Iron and Steel Association (CISA), daily crude steel output among…
Jiangsu Yonggang Iron and Steel Group has fully commissioned its new Danieli eight-strand billet and bloom casters in Zhangjiagang, Jiangsu province, China. These casters produce high-quality steels, including…
Korea's Hyundai Steel has filed an anti-dumping petition against Chinese thick steel plate manufacturers, alleging damage from lower-priced Chinese exports, industry sources said. The company recently submitted a…
Swedish steelmaker SSAB reported a 40pct YoY decline in operating profit to SEK 2.96 bln (USD 275 mln) for Q2 2024, according to a press release. The company attributed this drop primarily to lower US heavy plate…
Iron ore and most steel futures extended their losses on Wednesday, pressured by a weakening steel market and ongoing concerns about demand. Higher port-side inventory, despite a slight recent weekly decline, and weak…
Regional steel trading associations in China are seeking a delay in implementing new quality standards for steel rebar, used in construction, following news of the rules' planned September 25 implementation, according…
Indian steel manufacturer Jindal Steel & Power reported a 21pct decline in net profit for Q1 FY25, ending June 30, 2024, with a profit of INR 1,337.92 crore (USD 159.8 mln), down from INR 1,691.8 crore in the same…
The Alabama Department of Environmental Management (ADEM) has awarded SSAB Alabama Inc. a USD 361,100 grant for a study on using scrap tire-derived crumb rubber in the electric arc furnace (EAF) steelmaking process. The…
Japan's Marubeni-Itochu Steel Inc. has agreed to acquire shares in Network Steel Resources, S.A. (NSR), Spain's largest independent steel group, making it an equity-method affiliate. Founded in 2002, NSR specializes in…
Iron ore futures extended losses on Tuesday, with weak demand fundamentals and a lack of stimulus from a key government meeting last week darkening the outlook. China's shaky economic recovery is hampered by weak…
Nippon Steel has agreed to transfer its entire stake in the joint venture Baosteel-Nippon Steel Automotive Steel Sheets Co., Ltd. (BNA) to Baosteel at the end of the current management period, pending regulatory…
Indian Finance Minister Nirmala Sitharaman has proposed eliminating the import duty on ferro-nickel, a key raw material for stainless steel production, and extending the duty exemption on ferrous scrap imports. "To…
JFE Steel Corporation and Tomakomai Kuribayashi Transportation Co., Ltd. announced that the shipping company has selected JFE Steel's "JGreeX" green steel products for 250 tons of major steel components in the…
Fives and Poland's Cognor have commissioned a new reheating furnace at the Cognor Ferrostal Labedy plant in Krakow to boost production capacity. The first hot billet was successfully discharged on the first attempt…
Iron ore futures edged lower on Monday as Beijing's policy rate cuts failed to lift market sentiment. China's central bank lowered benchmark interest rates on Monday in an effort to boost economic growth. The one-year…
China's Ministry of Commerce announced that it will conduct a one-year sunset review investigation of the anti-dumping measures on imports of stainless steel billet and hot-rolled stainless steel from the EU, the UK…
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