Baosteel’s Profit Declines Despite Revenue Growth in First Nine Months of 2026 Chinese steelmaker Baoshan Iron & Steel Co. (Baosteel) reported a *15.3% year-on-year decline in net profit to RMB 6.74 billion ($1.01 billion)* during January-September 2026, despite higher revenue. ...
Vale’s Q3 Iron Ore Output Falls as Lower Prices Weigh on Profit Brazilian mining company Vale reported *88.4 million mt of iron ore production* in the third quarter of 2026, down *6% year on year*, mainly due to reduced run-of-mine availability at its Serra Norte ...
ArcelorMittal Completes Successful Carbon Capture Trial at Ghent Steel Plant ArcelorMittal has successfully completed the first phase of a carbon capture pilot project at its Ghent steel plant in Belgium, demonstrating *CO₂ capture rates exceeding 90%* from blast furnace gas. ...
Salzgitter Strengthens Power Infrastructure for Low-Carbon Steel Transition German steelmaker *Salzgitter AG* has gained additional electricity supply capacity following the commissioning of a new *380 kV power line* by transmission system operator TenneT Germany, supporting ...
Poland’s JSW Expands Coking Coal Operations With Two New Longwalls Polish mining company Jastrzębska Spółka Węglowa (JSW), Europe's largest coking coal producer, has commissioned two new longwalls at its Pniówek and Knurów mines, expanding mining operations as the co...
UAE Construction Sector Drives 75–80% of Steel Consumption The United Arab Emirates' finished steel consumption is forecast to reach approximately *8.15 million mt in 2026*, supported by major infrastructure projects and continued residential and commercial c...
Ukraine’s Semi-Finished Steel Exports Plunge 69% in September Ukraine exported approximately *45,000 mt of semi-finished steel products* in September 2026, down *69% year on year*, despite a *72% month-on-month increase*, according to GMK Center calculations bas...
Hadeed CEO Takes Helm of World Steel Association for 2026-2027 The World Steel Association (worldsteel) has elected *Abdulqader Almubarak*, CEO of Saudi Iron and Steel Company (Hadeed), as its new chairman for the *2026–2027 term*, following elections held on Oct...
US Steel Imports Rise 7.2% in August as Semi-Finished and Flat Products Gain US steel imports reached *2.21 million mt in August 2026*, increasing *7.2% month on month* and *29.8% year on year*, according to preliminary census data from the US Department of Commerce. The total...
Brazil’s Heavy Plate Exports Quadruple in September on Renewed US Demand Brazil’s heavy plate exports surged to *11,100 mt in September 2026*, up from *2,700 mt in August*, according to data from the country’s foreign trade secretariat SECEX. The increase was primarily dri...
Hertha Metals Launches Construction of High-Purity Iron Facility in Texas US-based Hertha Metals has broken ground on its *$100 million Chalyx plant* in Conroe, Texas, marking a step toward expanding domestic production of high-purity iron for rare-earth magnets and steel m...
Vietnam’s Steel Imports Decline in September Despite Year-to-Date Growth Vietnam imported 1.21 million mt of steel in September 2026, down 11.0% month on month, while scrap imports increased 27.2% to 485,080 mt, according to data from Vietnam’s General Department of Custom...
