POSCO and Oman Set to Finalize $6.7 Billion Green Hydrogen Agreement According to sources, an international consortium led by POSCO [1] has successfully secured a $6.7 billion contract to establish a green hydrogen production facility in Duqm, Oman. This ambitious pr...
Turkey's CRC imports up 26.8 percent in January - April According to data from the Turkish Statistical Institute (TUIK) [1] , Turkey's cold rolled coil (CRC) imports in April of this year decreased by 10.9 percent compared to the previous month, amounting...
Gerdau inaugurates new caster at Brazilian special steel plant Gerdau [1] , a leading steel producer in Brazil, has proudly announced the successful launch of a cutting-edge continuous caster for special steel blooms and billets at its Pindamonhangaba plant in Sã...
Vietnam's Steel Exports Surge by 10.4% in January - May According to the latest data released by Vietnam's General Department of Customs [1] , the steel exports of Vietnam witnessed a significant increase in May this year. The total amount of steel export...
Mexicana Aceroteca to Inject $10 Million into Texas Steel Processing Center Aceroteca [1] , a Mexico-based steel distributor and processor located in Nuevo Leon, has seized a lucrative business opportunity by partnering with two other entities to invest $10 million in a state...
Greenate: POSCO's groundbreaking low-carbon Steel brand launches in South Korea POSCO [1] , South Korea's leading steelmaker, introduced its pioneering low-carbon steel brand, Greenate, on Sunday. Greenate encompasses a range of distribution-type products that have undergone cert...
HBIS Achieves Historic Milestone: Producing DRI with Over 60% Hydrogen HBZX High Tech, a subsidiary of Hebei Iron & Steel Group (HBIS) based in China, Achieves Historic Milestone as First Steelmaker to Produce Direct Reduced Iron (DRI) with Over 60% Hydrogen. In an excit...
Brazil Commits to Financing Steel Plate and Pipe Exports to Argentina Following a recent meeting between the presidents of Brazil and Argentina [1] in Brasilia, the Brazilian Ministry of Foreign Relations (MRE) has released a statement highlighting significant progres...
Duferco to start production at new Beam Rolling Mill in Italy in mid-June According to media reports, Duferco Travi e Profilati , a beam producer based in Italy and a subsidiary of Luxembourg-based Duferco , is scheduled to commence production in mid-June this year at its n...
US Raw Steel production Up 0.5 Percent Week-on-week The American Iron and Steel Institute (AISI) reported that in the week ending on May 27, 2023, the United States produced 1,737,000 net tons of raw steel domestically, with a capability utilization ra...
ISA: Indian domestic Steel Demand will grow at 7.5 percent to 128.85 million mt in the fiscal year 2023 - 2024 Indian domestic steel demand is projected to experience a growth rate of 7.5 percent, reaching 128.85 million metric tons in the fiscal year 2023-2024, as stated by the Indian Steel Association (ISA)...
Bayi Steel: Demand for steel to improve slightly in 2023 Xinjiang-based Chinese steelmaker Bayi Iron and Steel Co., Ltd. (Bayi Steel) has told its investors at the interactive platform that the demand for steel has slackened since the second half of last ye...
