Moody's maintains stable outlook for Tata Steel The international rating agency Moody's has maintained a stable outlook on Tata Steel, expecting the domestic steel major to improve its earnings over the next two financial years, according to a repo...
Nippon Steel to invest in US Steel's two plants following acquisition Japanese steel producer Nippon Steel Corporation has announced an additional project investment to be made at United States Steel's (US Steel) Mon Valley Works and Gary Works following the expected ac...
India's Tata Steel acquires additional equity in Singapore based affiliate India's Tata Steel Limited has acquired additional 1.78 billion equity shares in its Singapore based subsidiary T Steel Holdings Limited entailing an investment of $280 million, a company statement sa...
US assigns zero dumping margin for cut-to-length plate from France's Dillinger The US Department of Commerce (DOC) has announced the final results of its administrative review of the antidumping duty order on certain carbon and alloy steel cut-to-length plate from France for the...
CISA: Current round of rise in iron ore prices lack support from firm demand The China Iron and Steel Association (CISA) has stated that the current round of rise in iron ore prices has lacked fundamental support from the demand and supply. The shrinking demand, oversupply and...
Chinese blast furnaces experienced losses from the sale of rolled steel in July The increase in losses was caused by falling prices and demand, as well as seasonal factors Chinese blast furnace steel plants suffered losses from the sale of rolled steel in July 2024. Negative sent...
ArcelorMittal Europe launches low-carbon transport for steel delivery The initiative allows to reduce CO2 emissions from road transport by about 90% Global steelmaker ArcelorMittal is launching a low-carbon transport service to deliver steel to European customers, which...
Asian steel prices will have limited support in Q3 – S&P Global The reasons are weak seasonal demand and problems with exports In Q3 2024, Asian steel markets will receive limited support due to weak seasonal demand, as well as the persistence of negative forecast...
Hyundai Steel and SeAH Steel collaborate on carbon-reduced plate and pipe South Korean steelmakers Hyundai Steel and SeAH Steel have collaborated in producing carbon-reduced steel plates and tubular structures for offshore wind power infrastructures in face of rising demand...
Around 2,000 housing construction projects stalled across Indian cities Nearly 2,000 housing projects across 42 Indian cities are currently stalled impacting around 508,000 housing units indicating challenges to the real estate sector, according to a report of Proequity, ...
US imposes new sanctions, Russia's coal and steelmaking sectors targeted The US Department of Treasury and the Department of State have announced more sanctions on about 400 companies and individuals that are believed to support the invasion of Ukraine and help Russia evad...
India launches review of national steel policy to incorporate decarbonisation strategy India's ministry of steel has launched a review of the seven-year-old national steel policy (NSP) to incorporate a decarbonisation strategy for domestic mills in reaction to the European Union's (EU) ...
