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Qatar Steel and Bahrain Steel Sign $1,266 Billion Raw Material Supply Deal to Strengthen Regional Supply Chains
In a major development for the Middle Eastern steel sector, Qatar Steel and Bahrain Steel have finalized a strategic raw material supply agreement valued at 1,266 billion. This landmark deal is design...
Feb 12, 2025
0 1225


Global Hot-Rolled Coil Prices Continue Rising Since Year’s Start
Recent market analysis reveals that hot-rolled coil (HRC) prices have experienced a consistent increase in most global markets since the beginning of the year. This upward trend is largely driven by t...
Feb 12, 2025
0 1146


Nucor raises HRC prices for the third time since the beginning of the year
US steelmaker Nucor has announced its third price increase for Hot-Rolled Coil (HRC) products since the start of the year, underscoring the persistent volatility in the steel market. This latest adjus...
Feb 12, 2025
0 1042


Nissan to Boost Green Steel Usage Fivefold in Japan to Accelerate Sustainable Manufacturing
Nissan has announced an ambitious plan to significantly enhance its commitment to sustainability by increasing its use of green steel in Japan by five times. This strategic initiative is designed to t...
Feb 11, 2025
0 1058


Ukraine’s Steel Producers Contribute 6.2 Billion UAH in Taxes and Fees Over Five Years
Recent data reveals that Ukraine’s steel industry has made a significant fiscal contribution by paying 6.2 billion UAH in taxes and fees over the past five years. This figure underscores the critical ...
Feb 11, 2025
0 1258


EU Steel Industry Losing Ground in the Global Market: A Closer Look
A recently released infographic highlights a concerning trend: the EU steel industry is gradually losing its competitive position in the global market. The data paints a stark picture of the challenge...
Feb 11, 2025
0 1097


Kametstal to Invest Over UAH 2.5 Billion in Production Modernization in 2025
Kametstal, a leading player in Ukraine’s steel industry, has revealed an ambitious plan to invest more than UAH 2.5 billion in modernizing its production facilities throughout 2025. This strategic ini...
Feb 11, 2025
0 1050


Czestochowa-Based Pipe Producer Rurexpol Suspends Production Amid Ongoing Challenges
Rurexpol, a key player in the pipe manufacturing sector in Czestochowa, has officially suspended production following an extended period of operational difficulties. This development underscores the m...
Feb 11, 2025
0 1068


Fortescue Acquires Majority Stake in Red Hawk, Expanding Its Mining Portfolio
Fortescue, a global leader in the mining industry, has successfully completed the acquisition of a majority stake in Red Hawk. This strategic deal represents a significant expansion of Fortescue’s ass...
Feb 11, 2025
0 1184


Vale Secures Full Control of Baovale Iron Ore Project in Brazil
Vale, the Brazilian mining giant, has solidified its control over the Baovale iron ore project by acquiring the remaining 50% stake previously held by its Chinese partner, Baoshan Iron & Steel (Baoste...
Feb 10, 2025
0 1827


ArcelorMittal to Invest Up to 696 Million in Brazilian Tubarão Plant to Enhance Sustainability and Efficiency
ArcelorMittal has announced plans for a substantial investment, ranging from R$ 3.8 billion ($633 million) to R$ 4 billion (up to $696 million), in its Tubarão plant in Brazil by 2030, signaling a sig...
Feb 10, 2025
0 1307


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...
Feb 8, 2025
0 1110
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