Trump Suggests Nippon Steel to Invest in U.S. Steel, Abandoning Acquisition Plans President Donald Trump has suggested that Nippon Steel may be shifting its strategy from acquiring U.S. Steel to making a significant investment in the American company. This development follows month...
ArcelorMittal Europe Announces Further Increase in Hot-Rolled Coil Prices Amidst Strong Demand and Low Inventories ArcelorMittal Europe has announced a further price increase for hot-rolled coil (HRC), citing strong demand and extended delivery times due to full order books. Key Highlights: Price Increase: The com...
ArcelorMittal Announces 2024 Production Results, Highlights Strategic Investments Amidst Market Shifts ArcelorMittal (MT) has released its fourth quarter and full-year 2024 results, providing key insights into the current dynamics of the global steel market. The report reveals a slight decrease in stee...
Thailand Reviews Anti-Dumping Tax on Vietnamese Steel Imports Amid Market Concerns Thai authorities have launched a review of the anti-dumping tax imposed on Vietnamese steel imports—a measure originally designed to protect domestic producers from the adverse effects of underpriced ...
Trump Meets with US Steel and FedEx CEOs to Discuss Boosting Domestic Industry On February 6, 2025, President Donald Trump held a meeting with the chief executives of US Steel and FedEx , as reported by ABC News. The discussion centered on exploring strategies to enhance domesti...
Liberty Ostrava Steel Plant Put Up for Sale Amid Strategic Restructuring In a notable shift within the regional steel market, the Liberty Ostrava Steel Plant has now been placed on the market for sale. This decision forms part of a broader strategic restructuring aimed at ...
Voestalpine Completes Sale of German Subsidiary Buderus Edelstahl Voestalpine has successfully completed the sale of its German subsidiary, Buderus Edelstahl, marking a significant step in the company’s ongoing strategic restructuring. The divestiture is part of a b...
German Chancellor Declares Green Steel Transition Inevitable In a recent announcement, the German Chancellor has stressed that the transition to green steel is not only necessary but inevitable. Amid mounting climate concerns and the imperative to meet ambitiou...
EU Prepares Strategic Response to Counter US Protectionism In a decisive move to protect its economic interests, the European Union is preparing a coordinated strategy to counter recent protectionist measures imposed by the United States. With the US increasi...
JSW Steel and JFE Complete Acquisition of Thyssenkrupp's Electrical Steel Business in India JSW Steel and JFE have finalized the acquisition of Thyssenkrupp’s Electrical Steel business in India, marking a significant strategic consolidation in the high-performance steel sector. This deal pro...
Global Stainless Steel Production Climbs 5.4% in January–September 2024 Recent industry data shows that global stainless steel production increased by 5.4% year-on-year during the January–September 2024 period. This growth underscores a solid recovery in the stainless ste...
ArcelorMittal Kryvyi Rih Expands Billet Portfolio for Export Markets Ukraine’s *ArcelorMittal Kryvyi Rih* has announced an expansion of its *billet product range* to better serve international markets. The company has started producing *125x125 mm and 130x130 mm billet...