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2,789 news items in Global Steel News. Show all
Steel Authority of India Limited (SAIL) has awarded a contract to Primetals Technologies to design, supply, and install a new hot-blast stove for blast furnace No. 5, 'Kalyani,' at the IISCO steel plant in Burnpur…
ArcelorMittal South Africa has decided not to shut down its long steel operations in the KwaZulu-Natal province and is working on a plan to make the operations viable. In January, ArcelorMittal South Africa postponed…
Finland’s Outokumpu has agreed to sell its distribution business in Mexico City, Guadalajara, and Monterrey, formerly known as Outokumpu Mexinox Distribution (OMD). The agreement was made with Prominox, the largest…
Iron ore futures prices rose on Monday, buoyed by positive manufacturing data and hopes for additional stimulus measures. The Caixin/S&P Global manufacturing purchasing managers' index (PMI) increased to 51.8 in June…
JSW Steel Limited and JFE Steel Corporation have initiated a pilot demonstration of cloud-based Cyber-Physical System (CPS) technologies for blast furnace operations at JSW Steel Vijayanagar Works. This digital project…
Tega McNally Minerals (TMML), a subsidiary of Tega Industries and formerly known as McNally Sayaji Engineering, has entered a consortium agreement with NMDC for the design, manufacturing, supply, erection, testing, and…
Siam Yamato Steel Company Limited (SYS), based in Bangkok, Thailand, specializing in hot-rolled structural steel production, has partnered with SMS group's Brazilian subsidiary, Vetta, to implement the Viridis…
Voestalpine, Europe’s major steelmaker, has secured a EUR 300 mln (USD 321 mln) loan from the European Investment Bank (EIB) to support its research and development (R&D) program over the next four years. The funding…
India’s steel imports reached 1.3 mln tons in the first two months (April and May) of FY25, up 37pct YoY, surpassing exports, which stood at 0.94 mln tons, down 40pct YoY. This shift underscores India’s position as a…
Posco, the world’s seventh-largest steelmaker, aims for carbon neutrality through hydrogen-based steel production. They unveiled a pilot facility, HyREX, which produces steel using hydrogen instead of fossil fuels…
Blastr Green Steel has successfully closed a strategic financing round with key partners, marking a significant milestone in the development of its integrated ultra-low CO2 steel value chain in Europe. Global steel…
Iron ore futures plunged on Monday as the traditional slowdown in steel demand, weighing on market sentiments. Despite a recent weekly drop, mounting iron ore inventory at Chinese ports continues to pressure iron ore…
The Indian commerce ministry's investigation arm, the Directorate General of Trade Remedies (DGTR), has recommended continuing countervailing or anti-subsidy duties on welded stainless steel pipes and tubes from China…
DanSteel has commissioned a new walking beam reheating furnace at its rolling complex 4200 in Frederiksvaerk, Denmark, marking a significant step towards increased efficiency and environmental responsibility. Designed…
Iron ore futures fell on Friday as market sentiments remained negative due to potential steel output curbs and a slowdown in steel demand, which continued to pressure the futures market. Other raw material and steel…
Indian scrap recycler MTC Business Private Ltd receives investment from Japan’s Mitsui & Co., Ltd., solidifying a strategic partnership for the expansion of metal recycling operations in India. MTC is set to become an…
Algoma Steel Group, a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced its results for the fiscal year ended March 31, 2024. The company reported revenue of CAD 2.795 bln (USD 2…
LKAB, an international mining group, is deepening its strategic partnerships with leading Swedish construction companies as it prepares for a significant expansion and transformation of its business operations. The…
Zimbabwe's Dinson Iron and Steel Company, a subsidiary of China's Tsingshan Holding Group, has commenced production at its USD 1 bln steel plant in in Manhize near Mvuma. Wilfred Motsi, the project director of…
Iron ore futures remained under pressure on Thursday as market sentiments stayed pessimistic. The increasing inventory at Chinese ports and potential output curbs continue to cast a bearish outlook on iron ore demand…
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