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Baosteel Raises Flat Steel Prices for March Sales Amid Tightening Market Conditions
Baosteel, one of China’s leading steel producers, has announced an increase in its flat steel prices for March sales. This strategic price adjustment comes as the company faces robust market demand co...
Feb 13, 2025
0 1118
News


Canadian Steel Industry Reels from US Policy Shift: Firms Call It a “Stab in the Back”
Recent reports reveal that the Canadian steel industry is facing significant turmoil following a series of US policy changes that many in the sector have harshly criticized as a “stab in the back.” Th...
Feb 13, 2025
0 1099
News


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
News


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
News


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
News


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
News


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
News


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
News


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
News


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
News


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
News


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
News
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