Iron ore futures declined on Tuesday as lower steel production and weakening demand dampened market sentiment. In September 2024, China's crude steel output in key steelmaking regions dropped nearly 7pct YoY to 54 mln…
Chinese special steel producer Huaigang Special Steel, part of the Jiangsu Shagang Group, has awarded Primetals Technologies a final acceptance certificate (FAC) for an 80-ton EAF Quantum electric arc furnace installed…
Volkswagen Group and Thyssenkrupp Steel have signed a memorandum of understanding (MoU) for the supply of low-carbon steel from Thyssenkrupp's upcoming direct reduction plant, highlighting their commitment to…
ABB is partnering with ArcelorMittal to introduce XCarb steel, made with high levels of recycled steel and powered by 100pct renewable energy, for its Kabeldon power distribution system. This sustainable sourcing…
Lower electricity supplies to Iranian steel producers caused a significant drop in output during the first half of the calendar year, which began in late March, according to the Iranian Steel Producers Association…
Gensol Engineering has partnered with Matrix Gas & Renewables to develop India's first and largest green steel production facility, using 100pct green hydrogen. This facility is part of three pilot projects under the…
Tata Steel UK has awarded Tenova a contract to supply a high-productivity Electric Arc Furnace (EAF) and associated equipment for its Port Talbot plant. This state-of-the-art production line is part of a significant…
SSAB and Parmaco have partnered to create a fossil-free steel building, aiming to construct the world's first such structure in 2025. Parmaco plans to use pilot deliveries of fossil-free steel developed with HYBRIT…
Turkey's Kocaer Steel was recently recognized by ResponsibleSteel, a global initiative focused on socially and environmentally responsible, net-zero steel production. The company is committed to supporting Turkey's 2053…
UAE's leading steel producer, EMSTEEL (formerly Emirates Steel Arkan), has signed an agreement with e& UAE, the telecommunications arm of a global technology group, for a pioneering collaboration in the manufacturing…
JSW Steel has announced that its wholly owned subsidiary, Jsquare Electrical Steel Nashik Private Limited, has signed a share purchase agreement to acquire 100pct equity interest in Thyssenkrupp Electrical Steel India…
India's Jindal Saw reported robust net profit growth for the quarter ending September 30, 2024. The company's net consolidated profit rose 33.6pct YoY to INR 4.75 bln (USD 56.5 mln), while revenue increased by 12.1pct…
Phu My Flat Steel (PFS), part of Viet Nam Steel Corporation, contracted Danieli Service Vietnam to refurbish the gearbox of its cold rolling mill after a spindle failure affected the gearbox geometry. The refurbishment…
Erdemir is set to achieve a milestone in the Turkish steel industry with its upcoming hydrogen injection trial at its first blast furnace, a key step in its green steel transformation. In alignment with its goal of…
Iraq has formally approved a Chinese private company to build its first industry city focusing on the production of steel and other metals, an official said. Tsingshan Holding Group will undertake the project in Basra…
Nucor Steel in Alabama has contracted SMS group to modernize and expand its Steckel mill at the Tuscaloosa site. The project's centerpiece involves transforming the existing mill into an advanced tandem Steckel mill…
Universal Stainless & Alloy Products, Inc. announced a definitive agreement to be acquired by Aperam in an all-cash transaction. Aperam will acquire all outstanding Universal shares at USD 45.00 per share, a 19pct…
Aquatech has announced a groundbreaking project to deliver a comprehensive water management solution for Stegra's (formerly H2 Green Steel) flagship green steel plant in Boden, Sweden. The Private to Private Partnership…
Morocco's Ministry of Industry and Commerce has officially launched an anti-dumping investigation into imports of CR steel originating from Egypt, as announced in a public notice. The probe follows a complaint filed by…
YC Inox TR Celik has begun manufacturing EN 10357 stainless steel sanitary tubes, which are used in the food, pharmaceutical, and chemical industries. YC Inox's plant is now the only pipe manufacturer in the country…