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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 1196
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 1151
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 1194
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 1288
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 1964
News


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 1438
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 1193
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 1343
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 1448
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 1337
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 1693
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 1318
News
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