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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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 ...
Voestalpine Completes Sale of German Subsidiary Buderus Edelstahl Voestalpine has successfully completed the sale of its German subsidiary, Buderus Edelstahl, marking a significant step in the company’s ongoing strategic restructuring. The divestiture is part of a b...
German Chancellor Declares Green Steel Transition Inevitable In a recent announcement, the German Chancellor has stressed that the transition to green steel is not only necessary but inevitable. Amid mounting climate concerns and the imperative to meet ambitiou...
