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2,780 news items in Global Steel News. Show all
Austrian steelmaker Marienhutte will upgrade its bar production line in Graz using Danieli's newly patented Twin Drum technology. The revamp, covering the largest part of the finishing area, will replace the existing…
India's Supreme Court has rejected JSW Steel Ltd.'s acquisition of Bhushan Power & Steel Ltd. (BPSL), a deal that was completed nearly four years ago, citing violations of the country's bankruptcy laws. The court has…
India's leading iron ore producer and exporter, National Mineral Development Corporation (NMDC), has announced a price hike of INR 440 (USD 5.1) per ton, according to a stock exchange filing. The revised prices are now…
Nucor Tubular Products, a leading manufacturer of carbon steel pipe and tubing in North America, entrusted Fives, an international engineering group, to design and supply new cut-off machines. The new machines…
United States Steel Corporation (U.S. Steel) reported a net loss of USD 116 mln in the first quarter of 2025, compared to net earnings of USD 171 mln in the same period last year, according to its latest financial…
India's Jindal Steel & Power Ltd (JSPL) reported a sharp drop in net profit for the financial year ending March 31, 2025 (FY25), according to its latest financial statement. While revenue declined marginally by 0.5pct…
NSL Green Steel Recycling, a fully owned JSW Steel subsidiary company, selected Danieli Centro Recycling technology for its new heavy-duty shredder, to be installed at Khalapur, Raigad district of Maharashtra, India. To…
Electra, a leader in low-carbon iron production, has raised USD 186 mln in Series B funding, co-led by Capricorn Investment Group and Temasek Holdings. This brings its total funding to USD 214 mln, solidifying its…
The UK government has secured key raw materials to keep British Steel's Scunthorpe plant operational. Over 55,000 tons of blast furnace coke from BlueScope Steel's Australian plant recently arrived at Immingham Bulk…
Iron ore futures declined on Wednesday, pressured by mounting concerns over long-term demand. The market faces several headwinds, including the potential for steel production cuts, hinted at by Baosteel earlier this…
ArcelorMittal, one of the world's leading integrated steel and mining companies, reported a net income of USD 805 mln for the first quarter of 2025, down from USD 938 mln in the same period last year. Quarterly sales…
SSAB has secured EUR 2.3 bln (USD 2.62 bln) in green financing to support the construction of a state-of-the-art fossil-free mini-mill in Lulea, Sweden, the company announced. The project is central to SSAB's strategy…
Primetals Technologies has received the final acceptance certificate (FAC) for a major upgrade of a 60-ton electric arc furnace (EAF) at Baku Steel Company's (BSC) plant in Baku, Azerbaijan. The project represents a…
Iron ore futures edged higher on Tuesday, supported by near-term demand, though gains were capped by ongoing concerns over long-term consumption. Pre-holiday restocking ahead of the May holidays and increased steel…
Tokyo Steel Manufacturing plans to invest nearly JPY 10 bln (USD 70 mln) to upgrade its hot-dip galvanizing line at the Okayama Plant, enabling production of cold-rolled coils and expanding its flat steel product…
British Steel is supplying 350 tons of rail for a major redevelopment at the Long Marston Rail Innovation Centre in Warwickshire, the company announced in a press release. Home to the UK's only railway test loop, the…
Spanish company Tubacex is set to build Central Asia's first seamless pipe manufacturing plant in Kazakhstan, according to the Kazakh Foreign Ministry. The plant will focus on producing seamless nickel alloy and…
Iron ore futures prices fell on Monday as concerns over potential steel production cuts weighed on market sentiment. The decline followed comments from major steel producer Baosteel, which suggested that a nationwide…
Baoshan Iron & Steel Co. (Baosteel), China's largest listed steelmaker, reported a 26.4pct YoY increase in net profit for the first quarter of 2025, reaching 2.434 bln yuan (USD 333 mln), up from 1.926 bln yuan in the…
India is encouraging companies to acquire iron ore, coking coal, and other key raw material assets overseas to support its expanding steel sector, Steel Secretary Sandeep Poundrik said, according to Reuters. "We are…
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