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2,789 news items in Global Steel News. Show all
India's Union Minister H.D. Kumaraswamy unveiled an INR 20,000-crore (USD 2.3 bln) expansion plan for SAIL's Bokaro Steel Plant (BSL), aiming to boost its capacity to 7.55 mln tons per annum. Established in 1965, the…
Thyssenkrupp Steel has made significant progress in its ongoing investments, with the new annealing and isolating line now in operation and the modernization of its Bochum facility nearly complete, the company…
Wind turbine manufacturer ENERCON, Salzgitter AG's Ilsenburger Grobblech GmbH, and TM Group's SMB Schonebecker Maschinenbau GmbH have teamed up to produce a lower-emissions steel tower, advancing sustainability in wind…
Tata Steel posted a 43.41pct YoY decline in consolidated net profit after tax, falling to INR 295 crore (USD 34.1 mln) in Q3 FY25, ending December 31, 2024, compared to INR 522 crore in the same period last year…
China's Ansteel Group has signed a Memorandum of Understanding (MoU) with German equipment supplier SMS Group, reaffirming their commitment to advancing "dual-carbon" initiatives focused on achieving carbon peak and…
Preliminary data from the U.S. Census Bureau, reported by the American Iron and Steel Institute (AISI), reveals that U.S. steel imports totaled 28.85 mln tons in 2024, a 2.5pct increase YoY. Finished steel imports rose…
Saarstahl Rail, a subsidiary of Saarstahl AG, has signed a major contract with French company SNCF Reseau for the supply of CO2-reduced rails. The contract, which spans up to six years, is valued at over USD 1 bln…
Iron ore futures rallied on Monday during pre-holiday trading, supported by firm near-term demand ahead of China's week-long Chinese New Year holiday (January 28-February 4), with trading set to resume on February 5…
JSW Steel Limited, India's leading steel producer, announced its financial results for Q3 FY25, ending December 31, 2024. The company reported a consolidated net profit of INR 719 crore (USD 83.4 mln), marking a steep…
Tata Steel is set to decommission the Coke Oven Battery #7 at its Jamshedpur Works on January 27, 2025, after an impressive 36 years of service. Commissioned in 1989, this was India's first stamp-charge coke oven…
Australian miner Fortescue announced a 1pct YoY increase in iron ore shipments for the December quarter, reaching a total of 49.4 mln tons. This contributed to a record 97.1 mln tons in total shipments for H1 FY25…
Dalian iron ore futures rose on Friday, supported by stable steel production levels and improved sentiment surrounding U.S.-China trade relations. Daily crude steel output from member mills of the China Iron and Steel…
Primetals Technologies has secured an order to modernize Baosteel's Pickling Line and Tandem Cold Mill (PLTCM) at its Baoshan plant in Shanghai, China. The project includes upgrading electrics and automation systems…
German steel producer Salzgitter AG is reviewing a non-binding takeover offer submitted by shareholders GP Gunter Papenburg Aktiengesellschaft and TSR Recycling GmbH & Co. KG, the company announced. The offer, presented…
Vattenfall Europe Windkraft GmbH and steel producer Dillinger have signed a declaration of intent to accelerate the use of CO2-reduced steel in future wind projects. This collaboration supports Dillinger's ongoing…
Iron ore futures rose on Thursday as Beijing's latest support measures provided a lift to sentiment. However, weak market fundamentals capped the gains. China's financial regulators announced plans to channel hundreds…
Profits in China's steel industry were halved in 2024 due to weak demand, prompting the China Iron and Steel Association (CISA) to urge producers to limit overproduction and avoid price wars, according to a report. Key…
INOX Air Products (INOXAP), one of India's leading industrial gas manufacturers, has commissioned its largest Air Separation Unit (ASU) to date at the Steel Authority of India's (SAIL) Bokaro Plant. The new facility…
Steel Dynamics, Inc. announced its financial results for the fourth quarter and full year of 2024, reporting Q4 net sales of USD 3.9 bln and net income of USD 207 mln. This marks a decline from Q3 2024 net income of USD…
The Secretary of State for Business and Trade has accepted the Trade Remedies Authority (TRA)'s recommendation to revoke the safeguard measure on Category 2 steel products, including non-alloy and alloy cold-rolled…
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