Japan's Mitsui to begin electrical steel sheet production in Poland Japan-based Mitsui & Co., Ltd. has announced that it will invest about JPY 3.4 billion ($23.22 million) to establish Polska-Mit Steel (PMS) in Poland, a new electrical steel sheet processing company, ...
Voestalpine to meet demand from truck manufacturers with new investment in US Austrian steelmaker Voestalpine AG has announced that its metal forming division, which specializes in high-tech special tubes and sections production, has inked long-term supply contracts with two gl...
Thyssenkrupp and BlueScope partner on carbon-neutral steel production German steelmaker Thyssenkrupp Steel has announced that it is cooperating with Australian steelmaker BlueScope Steel to scal up research activities for carbon-neutral steel production. The focus of th...
US rig count decreases week-on-week while Canadian rig count stays the same Baker Hughes has reported that for the week ending on August 16, 2024, the US rotary rig count decreased by two to 586. The number of rigs drilling for gas increased by one to 98, while the number of ...
US issues preliminary AD decision on stainless steel sheet and strip from Taiwan The US Department of Commerce (DOC) has announced the preliminary results of its administrative reviews of the antidumping duty orders on stainless steel sheet and strip in coils from Taiwan. During t...
Malaysia launches AD probe on flat steel from four countries The Malaysian Ministry of International Trade and Industry (MITI) has announced that has initiated an antidumping investigation into imports of flat rolled products of iron or non-alloy steel from Chi...
Miners warn of danger of prohibiting open pit mining in Mexico The Chamber of Mining of Mexico (Camimex), which brings together the main companies in the country's mining-metallurgy industry, warned of the negative impact on the Mexican economy if Congress prohib...
Germany's GMH Gruppe acquires local scrap recycler Germany-based GMH Gruppe, which is operating in the fields of scrap recycling, steel production and processing, forging and casting, has announced that it has acquired ALBA Metall Saar GmbH, a domesti...
Fortescue commissions green hydrogen plant Australian iron ore miner Fortescue Metals Group has announced that it has commissioned a green hydrogen plant, part of its Green Metal Project in Western Australia's Pilbara region. The plant will pr...
Tax authorities in Ukraine mistakenly apply Platts rules for transfer pricing – Deloitte Some courts support the position of tax authorities In Ukraine, the tax legislation does not limit a taxpayer to using only one database to compare prices for iron ore exports. Therefore, it is a mist...
Thai steelmakers concerned about rising Chinese investments The Federation of Thai Industries (FTI) has stated that the Thailand steel industry is concerned about the consequences of rising Chinese investments and substandard import products in the market and ...
Outokumpu starts commercial production of steel powder Finland-based stainless steel producer Outokumpu has announced that it is taking the next steps in metal powder production with several co-operation and public-funded projects. The company is entering...
