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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
News


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
News


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...
Feb 7, 2025
0 1202
News


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...
Feb 7, 2025
0 1228
News


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 ...
Feb 7, 2025
0 1211
News


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...
Feb 7, 2025
0 1580
News


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 ...
Feb 6, 2025
0 1182
News


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...
Feb 6, 2025
0 1137
News


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...
Feb 6, 2025
0 1151
News


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...
Feb 6, 2025
0 1148
News


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...
Feb 6, 2025
0 1253
News


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...
Feb 5, 2025
0 1173
News
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