Arcelormittal Invests $1.2 Billion in New Alabama Plant to Boost US Steel Production Global steel giant Arcelormittal has announced a major investment of $1.2 billion in the construction of a new production facility in Alabama. This strategic development is expected to significantly e...
Pig Iron Prices at Black Sea Ports Fall to Their Lowest Level Since 2020 Recent market data indicates that pig iron prices at Black Sea ports have dropped to the lowest levels recorded since 2020. This significant decline is attributed to a combination of factors, primaril...
Majority Shareholder Liquidates Polymer Rolled Steel Producer Heavy Metal In a surprising development, the majority shareholder of Heavy Metal - an established producer of polymer rolled steel—has decided to liquidate the company. This decision, driven by strategic realignm...
Arcelormittal Hunedoara Temporarily Suspends Operations Amid Economic Challenges Arcelormittal Hunedoara, a key production facility in the global steel network, has temporarily halted its operations in response to severe economic difficulties. The decision comes as the plant grapp...
Outokumpu Scales Back Investment Plans Amid Weak Stainless Steel Market Outokumpu, a leading global stainless steel producer, has announced that it is significantly slowing its planned investments in response to a challenging market environment. The decision comes as the ...
US prepares to impose reciprocal tariffs on every trading partner US President Donald Trump has officially unveiled his plan for reciprocal tariffs against its every trading partner applying tariffs on US goods. Canada, the EU and Brazil are among the countries expe...
Thailand launches sunset review on imports of steel pipe from Vietnam Thailand's Department of Foreign Trade (DFT) has announced that it has initiated a sunset review of antidumping duties on steel pipes imported from Vietnam. The DFT will assess whether lifting the cur...
US Steel Trade Dynamics: CRC Exports Plunge by 39.7% as HRC Imports Surge by 40.3% in December Recent data reveals a striking divergence in US steel trade trends between November and December. On one hand, CRC (cold-rolled coil) exports experienced a dramatic decline, plunging by 39.7% in Decem...
UK Races Ahead with £25bn Steel Investment Following Trump’s Tariffs In response to new tariffs imposed by President Trump, the UK is fast-tracking plans for a £25bn investment in its steel industry. The proposed funding is designed to modernize production facilities, ...
US Prepares to Impose Reciprocal Tariffs on Every Trading Partner Recent reports indicate that US officials are planning a dramatic shift in trade policy by imposing reciprocal tariffs on every trading partner. This comprehensive approach is intended to counter perc...
Trump Open to Nippon Steel Taking Minority Stake in U.S. Steel In a surprising twist in the ongoing debate over foreign investments in the U.S. steel sector, President Trump recently stated that he wouldn’t mind if Nippon Steel were to take a minority stake in U....
ArcelorMittal considers transferring some European business processes to India ArcelorMittal is currently evaluating a strategic initiative aimed at achieving substantial cost savings through the centralization of its operations in India. This move reflects the company’s proacti...
