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Iron ore futures rose on Monday as disappointing economic data fueled hopes for additional stimulus measures from a key meeting this week. China's economy grew 4.7pct YoY in the second quarter, according to official…
Tata Steel has announced plans to double its manufacturing capacity in India, increasing production from 21 mln tons per annum to approximately 40 mln tons per annum. The company primarily operates in Jamshedpur…
Cleveland-Cliffs Inc. has announced a definitive agreement to acquire Stelco Holdings Inc. The transaction values Stelco at approximately USD 2.5 bln. Upon completion, Cliffs shareholders will own about 95pct of the…
Hyundai Steel is expanding its international sales in Europe and America for carbon-reduced steel to align with the global push for carbon neutrality and the EU's Carbon Border Adjustment Mechanism. Recently, Hyundai…
The latest data from the World Stainless Association (Worldstainless) showed that global stainless steel melt shop production increased by 5.5pct YoY in Q1 2024, reaching 14.585 mln tons. However, the output declined by…
Iron ore futures inched up on Friday, driven by expectations of stimulus despite weak fundamentals. Commodity markets are anticipating the announcement of stimulus measures at a key government meeting next week…
China's steel exports surged by 16.5pct in June YoY, reaching 8.75 mln tons, although this was a decrease from May's 9.63 mln tons. Data from the General Administration of Customs showed that in H1 2024, steel exports…
The supply of Cold Rolled Grain Oriented (CRGO) steel, essential for transformer manufacturing, has been severely disrupted, impacting India's power sector expansion plans, according to a report by local media platform…
British Steel's Teesside Beam Mill has successfully completed its GBP 1.4 mln (USD 1.8 mln) summer maintenance and improvement program. David Hogg, Plant Manager for Northern Mills, announced that rolling has resumed…
Iron ore futures recovered on Thursday as the market anticipates Beijing to unveil stimulus measures in a key meeting scheduled from July 15 to July 18. The expectation of stimulus measures is further fueled by…
China has not approved any coal-based steelmaking projects in the first half of this year, marking a first since the announcement of its significant climate neutrality goals in 2020, according to a Bloomberg report…
Acciaieria Arvedi, a leading Italian steel producer, has commissioned Primetals Technologies to upgrade its two vacuum degassers (VD) at the Cremona plant, Italy, with plans for completion by the second half of 2025…
Vallourec, a global leader in premium tubular solutions, announced it has been awarded a contract by TotalEnergies to supply nearly 5,000 tons of OCTG solutions and services for the Kaminho deepwater project on Block…
Iron ore and steel futures markets remained subdued on Wednesday due to persistent weak fundamentals. Major steel producer Baosteel decreased HRC prices by 100 yuan per ton for August sales in the domestic market…
Baosteel, a part of the Baowu Group, has launched operations at its new Danieli Zerobucket Ultra-High Power (UHP) electric arc furnace (EAF) in its Shanghai plant. Danieli provided a brand-new 150-ton UHP EAF featuring…
The U.S. has announced the implementation of a North American 'melted and poured' standard for steel products shipped from Mexico, exempting them from Section 232 tariffs. According to a statement from the White House…
Corinth Pipeworks has secured a significant contract from Woodside Energy, the operator of Mexico's Trion deepwater field, to produce and deliver approximately 118 kilometers of High Frequency Welded (HFW) steel pipes…
SKF and Voestalpine Wire Technology have successfully developed the first prototype bearing using steel containing hydrogen direct reduced iron (H-DRI), marking a milestone in decarbonizing bearing production. H-DRI…
Dalian iron ore futures continued to decline on Tuesday, weighed down by demand concerns. The increase in iron ore imports and the already high inventory levels at Chinese ports have further worsened the outlook for…
JSW Steel reported a 1pct YoY decrease in consolidated crude steel production for the first quarter of FY25, reaching 2.09 mln tons, according to a stock exchange filing. The company attributed this decline, which also…
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