Nippon Steel Corp. has announced a substantial investment [1] of 868.7 billion yen to introduce electric furnaces at its domestic steel plants, marking a significant step toward decarbonization. The Japanese government, through the industry ministry, will provide up to 251.4 billion yen in financial aid to facilitate the transition from traditional blast furnaces to more […]
India’s steel ministry is advocating for an extension of import restrictions [1] on low-ash metallurgical coke, citing sufficient domestic supply as the primary reason. The move, however, has sparked concerns among steel manufacturers who argue that the curbs could hinder their expansion plans due to difficulties in sourcing preferred grades locally. The restrictions, initially imposed […]
PGE and Ørsted have signed another contract [1] for the production and supply of secondary steel structures for the Baltica 2 offshore wind farm. The agreement, awarded to Grupa Przemysłowa Baltic, marks a significant step in Poland’s offshore wind energy development. Under the contract, Grupa Przemysłowa Baltic will manufacture boat landings and anode cages at […]
Thyssenkrupp Uhde and Uniper have formed a strategic partnership to advance a crucial technology for global hydrogen trade: large-scale ammonia cracking. This process is about breaking down ammonia catalytically at high temperatures into hydrogen and nitrogen, followed by purification to produce pure hydrogen. As an initial phase, the companies will construct a demonstration plant at […]
Arabian Gulf Steel Industries (AGSI) has entered into a strategic Memorandum of Understanding (MoU) with Trojan Construction Group to fast-track the use of low-carbon materials and eco-friendly construction methods in the UAE. The agreement was signed at Make it in the Emirates 2025, underscoring the two companies’ shared dedication to supporting the UAE’s decarbonisation goals and […]
The India Supreme Court has ordered a status quo on the liquidation proceedings [1] of Bhushan Steel & Power Ltd (BPSL), providing JSW Steel an opportunity to file a review petition against the court’s earlier ruling. The decision comes after JSW Steel challenged the Supreme Court’s May 2 verdict, which had rejected its ₹19,700 crore […]
The Executive Board of thyssenkrupp AG has made significant progress in developing a strategic target model for the future course of the entire Group and will present its plans to the Supervisory Board of thyssenkrupp AG before the end of this fiscal year. The central strategy involves systematically divesting all business units of thyssenkrupp, making […]
The stainless steel industry is anticipated to face ongoing difficulties throughout 2025, with no significant market recovery expected in the near term due to seasonal demand lows and persistently weak prices, according to reports on Kallanish. Joost van Kleef, chairman of the BIR Stainless Steel & Special Alloys Committee and representative of Oryx Stainless, shared […]
According to provisional government data reviewed by Reuters on Thursday, India’s finished steel imports dropped by 11.3% year-on-year in April, reaching 0.5 million metric tons, as shipments from China and Japan declined. To counter a flood of low-cost steel imports, primarily from China, India imposed a 12% provisional safeguard duty on select steel imports in […]
Liberty Steel has not produced anything at two of its key UK plants since July, in a sign of the deep financial difficulties for Britain’s third-biggest steelmaker as it looks for rescue funding. The plants at Rotherham in South Yorkshire and Motherwell in Scotland have not produced any steel for about nine months because of […]
Engineer Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, announced that the company has added around AED 6.2 billion to Abu Dhabi’s Gross Domestic Product (GDP). In statements to the Emirates News Agency (WAM) during the Make it in the Emirates 2025 forum, Engineer Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, highlighted the company’s substantial role […]
Green energy downsizing won’t derail Fortescue’s transition, according to Forrest. Andrew Forrest, Fortescue’s billionaire chairman, cautions that Chinese firms are modernizing plants and shifting to cleaner iron ore, leaving Australian miners vulnerable if they don’t adapt. As the major shareholder of Australia’s third-largest iron ore producer behind BHP and Rio Tinto, Forrest notes all three […]
India is now responsible for over 40% of global steelmaking capacity in development (352 mtpa) compared to just 140 mtpa in China. Analysis shows India’s planned steel capacity, which is larger than China’s and the EU’s combined, must leverage EAF and DRI to keep industry emissions within climate targets. A recent analysis shows that electric […]
Kobe Steel and Mitsubishi UBC Cement Corporation (MUCC) have partnered to explore the feasibility of producing black pellets—a cutting-edge raw material and fuel with the potential to drastically cut CO₂ emissions. According to reports, Black pellets are made by thermally treating conventional wood pellets (known as white pellets), transforming them into a high-energy fuel with […]
HES International B.V. and Binding Solutions have signed a Memorandum of Understanding (MoU) to explore the feasibility of establishing an iron ore cold pelletizing facility at HES’s HBTR terminal in Rotterdam, the Netherlands. HES is a European provider of bulk handling services for industrial customers across the continent. BSL is a technology company that has […]
The global steel wire rod market is showing both stability in some key regions and growing concerns of oversupply in others. The current market for the US and Germany is providing a rare period of price and demand stability. However, China’s weakening demand alongside the rising production is dragging the prices downward. Reports show that […]
The Sajjan Jindal Family Trust has sold a 2% stake in JSW Infrastructure Ltd, India’s second-largest commercial port operator, for ₹1,210 crore to institutional investors, including the Singapore government, to finance the potential takeover of AkzoNobel India. The trust divested 0.88% of its JSW Infra shares worth ₹531 crore to the Singaporean government via block […]
Iraq’s Minister of Industry and Minerals, Khalid Battal Al-Najm, inaugurated the launch of two major industrial projects in Basra on Wednesday, May 14, 2025, marking a key step in bolstering industrial growth in the country’s economic capital. The move focuses on the government’s commitment to expanding Iraq’s industrial base and driving economic development in the […]
The European Union is set to impose significantly higher tariffs on Ukrainian imports in the coming weeks, according to a Financial Times report citing diplomatic sources. The move could strain Kyiv’s economy during a critical phase of its war against Russia. The FT reports that the EU’s new proposal, circulated to member states, would severely reduce tariff-free […]
Union Steel and Heavy Industries Minister H. D. Kumaraswamy on Tuesday stressed the need for intensified research to curb pollution in the steel sector while reviewing the performance of his ministries. He also urged the Heavy Industries Ministry to boost domestic electric vehicle (EV) manufacturing, emphasizing greater support for local production. According to an official […]
A new development in stainless steel technology has been said to have the potential to transform global green hydrogen production, making clean energy more affordable and sustainable. This innovation could significantly reduce costs and enhance the efficiency of generating hydrogen using renewable energy sources. Scientists at the University of Hong Kong, headed by Professor Mingxin […]
India has announced plans to impose countervailing duties on U.S. imports in accordance with WTO regulations, responding to America’s steel and aluminum tariffs implemented as protective measures. A WTO notification reveals these U.S. trade restrictions affect approximately 7.6 billion worth of Indian exports, potentially generating about $1.91 billion in tariff revenues. In April, India initiated WTO […]
As part of its commitment to decarbonize operations in Oman and shift toward renewable energy, Vale in Oman has signed a Head of Agreement (HOA) with OQ Alternative Energy (OQAE) during Oman Sustainability Week. This agreement outlines a collaborative framework to develop renewable energy solutions for Vale’s pelletizing plant in Sohar Port, while also supporting future energy requirements for the planned Green Metallic Mega […]
The Netherlands-based Oryx Stainless Group, a supplier of recycled stainless steel raw materials, recently inaugurated its new facility in Johor, southern Malaysia. The company stated that this plant will enhance the global circular economy for stainless steel. “The site reinforces the region’s position as a strategic hub for sustainable industrial growth,” states Oryx. The company […]
According to UK based research firm’s recent reports by IDTechEx [1], Hydrogen-powered steel production may remain out of reach for more than a decade unless significant cost reductions and infrastructure advancements are made. Despite hydrogen-based direct reduced iron (DRI) projects leading the green steel transition in regions such as Europe, the Middle East, the US, […]
The sustainability of South Africa’s steel industry [1] faces significant challenges, with government intervention now seen as essential to ensuring long-term competitiveness and economic stability. ArcelorMittal South Africa’s recent decision to close its Longs Business has underscored the need for policy-driven efforts to stabilize the sector. A strong steel industry can drive economic growth, create […]
Thyssenkrupp’s steel division announced on Wednesday that it has reached a preliminary agreement with the IG Metal union regarding the restructuring of Germany’s largest steel producer. The company emphasized its commitment to avoiding forced layoffs and cuts as part of the plan. Thyssenkrupp stated that the agreement comes after its earlier announcement of plans to […]
Kingspan Group has partnered with Hydnum Steel to launch a new green steel initiative, focused on reducing carbon emissions in the construction industry and advancing sustainable building materials. Under the collaboration, Hydnum Steel will supply Kingspan with green steel, fortifying their commitment to encourage the use of green steel in construction, supporting the steel industry’s […]
LKAB’s green transition initiatives have received approval from the Swedish National Audit Office, but it is still uncertain whether the efforts will be financially viable. For a year, the Swedish National Audit Office has investigated the state-owned company Luossavaara-Kiirunavaara Aktiebolag (LKAB)’s green transition of its business. The mining giant LKAB has extracted iron ore in […]
SSAB, a Nordic and U.S.-based steel manufacturer, aims to create a stronger, lighter, and more sustainable world with its value-added steel products and services. The company has secured €2.3 billion in green financing to support its transformation project, which includes constructing a cutting-edge, fossil-free mini-mill in Luleå, Sweden. SSAB states that this transformation project is […]
India’s largest steelmaker, JSW Steel, is facing setbacks [1] in its efforts to source coking coal from Mongolia due to unresponsive suppliers and logistical constraints, sources familiar with the matter revealed. The company had planned to import 2,500 metric tons from Mongolia, while the state-run Steel Authority of India Limited (SAIL.NS) sought a larger shipment […]
Pact signed to Drive Energy Efficiency in Oman’s Industrial Hubs Today, the Public Authority for Special Economic Zones and Free Zones (OPAZ) signed a Memorandum of Cooperation (MoC) with OQ Alternative Energy (OQAE) to launch an Energy Excellence Programme, as part of their efforts to reduce carbon emissions in economic zones, free zones, and industrial […]
Europe’s leading steelmakers delivered stronger-than-expected Q1 earnings but cautioned that rising global trade tensions, sluggish European prices, and ongoing market instability could dampen their full-year outlook. ArcelorMittal reported a decline smaller than anticipated in its quarterly core profit, but the steel giant warned that trade disruptions could threaten its 2025 demand projections, especially in key markets […]
Primegold Steel & Power has been a part of the wind power sector, alongside long-term renewable energy contracts and solar power. The company’s continued investment in clean energy accelerates its transition to sustainable operations and eco-friendly steel manufacturing. Primegold Steel & Power Ltd has been changed to Primegold International Ltd, marking a decisive shift toward […]
Spain has approved a €60 million grant [1] from EU funds to support the construction of a hydrogen-powered steel mill, recognized by the World Economic Forum as one of the most significant industrial decarbonization projects worldwide. This initiative, led by Hydnum, represents a crucial step toward advancing low-carbon steel production in the country. Hydnum was […]
Electra, a Colorado-based clean iron startup, has successfully raised [1] $186 million in its Series B funding round, marking a major step toward advancing sustainable steel production. The investment, led by Temasek Holdings and Capricorn Investment Group, will support Electra’s efforts to commercialize its innovative ironmaking process, which aims to reduce carbon emissions in the […]
According to an official statement, Waleid Gamal El-Dein, Chairman of the General Authority for the Suez Canal Economic Zone (SCZone), has laid the foundation stone for Chinese Xinfeng’s integrated steel industrial complex in Sokhna. The total investment in the project amounts to $1.65 billion. The project covers an area of 3.75 million square meters and […]
2-day discussions on the international Steel industry As the global steel demand has always been voracious, there has been a huge necessity to keep in mind various ways to reduce carbon emissions that are associated with its production. Around 75% of steel is still largely made in coal-fired blast furnaces, which release a large amount […]
Colorado-based Electra has raised $129 million to fund the next round to develop the technology to produce iron for steel. The technology is set at temperatures below boiling water and without planet-warming emissions. The startup emerged from stealth mode in 2022 and has since secured $214 million in funding from prominent investors, including Breakthrough Energy […]
In a strategic effort to support steel manufacturers in Nigeria, the Lagos State Government has reaffirmed its dedication to working alongside the Federal Government to enhance the sector. Governor Babajide Sanwo-Olu acknowledged the challenges posed by unreliable power supply on steel production and pledged full cooperation with the Ministry of Steel Development to drive necessary […]
Clariant, a sustainability-focused specialty chemical company, has renewed its collaboration [1] with Midrex, a global leader in direct reduced iron (DRI) technology, to advance low-carbon steel production. The renewed partnership aims to enhance DRI technology, which offers a cleaner alternative to conventional coal-based ironmaking. DRI technology enables the direct reduction of iron ore without melting, […]
Jindal Stainless, India’s top stainless steel producer, has partnered with AB Energia Solutions Pvt. Ltd., a prominent clean energy solutions provider, to implement a groundbreaking solar power project at its Jajpur, Odisha facility. This initiative, now operational, is the largest captive solar plant within a single industrial site in Odisha, boasting an installed capacity of […]
Macro Metals has announced that its subsidiary, Macro Mining Services (MMS), has secured a mining services contract from RE:GROUP for the Extension Iron Ore Project in Western Australia (WA). In July 2024, Macro Metals signed an agreement to earn an 80% interest in four manganese tenements in the Eastern Pilbara region of WA from Firebird Metals. The project, owned by privately held company […]
The European Commission has outlined a 2025–2030 work plan under the Ecodesign [1] for Sustainable Products Regulation (ESPR) and Energy Labelling Regulation, placing steel among the priority sectors for new sustainability requirements. The initiative expands the regulatory framework beyond energy efficiency to include mandates for durability, repairability, and recyclability, aiming to reduce environmental impact and […]
Tenova, an Italian firm under the Techint Group and a provider of advanced solutions for the metals and mining industries, has recently announced a strategic partnership with Finland’s Coolbrook, a leader in transformational engineering and technology. Together, they aim to develop integrated solutions combining their respective technologies to enable carbon-free production of iron, steel, and […]
On Tuesday, Britain said that it could sustain the country’s last remaining steel blast furnaces for at least several more weeks after securing a fuel shipment. This marks the latest effort in a desperate government push to preserve domestic virgin steel production. The government had been working towards securing a sufficient supply of coking coal […]
JSW Steel plans to invest more than ₹50,000 crore to establish a 10 million tonnes per annum green steel plant near India’s financial capital, a senior company executive announced on Tuesday. “We will be investing Rs 50,000-60,000 crore for the green steel capacity,” Jindal told reporters. He also added that this will be a brownfield investment ( an investment […]
Hammerwerk Erft G. Diederichs GmbH & Co. KG signed a partnership with Germany’s GMH Gruppe for the use Green Power Premium Steel from Georgsm. arienhütte (GmbH) marking a pivotal role in climate-neutral methods. Georgsmarienhütte GmbH, a company of the GMH Group has supplied its first shipment of 120 tons of Green Power Premium Steel to […]
Prime Minister Keir Starmer said that Britain is to pass emergency laws on Saturday to keep the blast furnaces from British Steel open to save the country’s steel-making capability and thousands of jobs. British Steel employs 3,500 people at its Scunthorpe plant and supports more in the supply chain. The government said that the company […]
Sydney-based Greensteel Australia has taken a significant step toward establishing a low-carbon steel mill, finalizing a $1.6 billion infrastructure order with global steelmaking leader Danieli Group. They signed a contract with them to purchase stages two and three of its proposed low-carbon steel mill. Sydney-based Greensteel has identified Whyalla as its top choice for the […]
Blastr Green Steel (Blastr) has signed a Memorandum of Understanding for the yearly supply of ultra-low CO₂ steel with Vogten Staal, a European steel service center. Vogten’s production lines are located in Maastricht, the Netherlands, with excellent connections for river, rail, and road transport. This marks Blastr’s third offtake agreement in under four months, driving a significant […]
Abu Dhabi Port Group has announced the signing of a 10-year lease agreement with TW Steel, a provider of prefabricated structures to offer advanced containerized fabrication solutions, as well as maintenance and repair services for containers at Khalifa Port. These solutions and services aim to provide flexible and sustainable solutions designed to meet the needs […]
Solar power is setting out an opportunity for the companies in steel sector to reduce their production cost, potentially saving up to 10% in some operations according to reports by Energy think tank Ember. The report says that the greatest benefits are observed in the standalone electric arc furnace( EAF) used in steel making, using […]
Asian spot market prices for nickel ore, nickel pig iron, and stainless steel showed resilience. Meanwhile, over 50 countries have expressed interest in discussing trade policy adjustments with the U.S. government. The impact of the introduction of reciprocal US tariffs last week has affected the nickel and iron ore market, with spot market prices for […]
LIBERTY Steel’s submission to the UK Steel Strategy consultation has proposed decisive Government action calling for strong government intervention through strategic demand-side measures, enhanced cost competitiveness, and co-investment initiatives, to reverse the long-term decline in UK steel production and set the industry on a sustained upward trajectory. One of the main aspects of the new […]
Google has joined the Sustainable Steel Buyers Platform (SSBP), a partnership of various corporations organised by the US-based energy and sustainability non-profit organization RMI. SSBP includes major tech firms Meta, Microsoft, and Amazon as members. Including Google, the platform now has eight major backers. The intention of this Alliance, under SSBP, is to bring together […]
Higher Power Output from the Hydrogen Internal Combustion Engine and Greener Shipbuilding Steel – TSUNEISHI SHIPBUILDING Co., Ltd. has launched Japan’s first tugboat powered by a hydrogen internal combustion engine (ICE), marking a major milestone in sustainable maritime technology. This ship was launched on March 28, 2025, from the TSUNEISHI Factory. It features a high-performance […]
For the pioneering future of sustainable development, ARS Steel has successfully set a milestone for India’s construction industry, showcasing its dedication to net-zero targets through sustainable building practices and innovative technology by delivering India’s first green TMT bar to Trimetro Group for the construction of Epic Group’s state-of-the-art manufacturing facility in Bhubaneswar, Odisha. Epic Group […]
Thyssenkrupp Materials Processing Europe will offtake up to 100,000 tonnes of hydrogen-based flat steel per year from Hydnum Steel’s planned plant in Puertollano, Spain. Under a seven-year agreement, Hydnum’s green steel will support Thyssenkrupp’s efforts to decarbonize its supply chains in the automotive, construction, and appliance industries. As one of the world’s leading mill-independent materials […]
South Korea’s exports expanded for the second consecutive month in March, though the growth fell short of market forecasts, indicating a potential weakening in the economic outlook, as manufacturers face heightened uncertainty due to the global trade tensions sparked by U.S. President Donald Trump’s tariff policies. New U.S. tariffs on automobiles will begin this week, and Trump […]
Among the structural steel bars used in the construction of the State Audit Office building in Bangkok’s Chatuchak district, a sample from one supplier failed to meet the required standards (1). Thitipas Chotedechachainan, the Industry Minister’s aide, issued this statement following the collapse of a 30-story building during Friday afternoon’s earthquake, which caused numerous injuries, […]
The Delhi High Court has dismissed requests [1] from JSW Steel and Trafigura to clear shipments of low-ash metallurgical coke (met coke), a key raw material for steelmaking. The decision follows India’s recent policy of supporting domestic suppliers and imposing curbs on met coke imports. The policy, introduced in January, includes country-specific quotas and has […]
The future of British Steel hangs in the balance as unions and industry leaders urge the UK government to consider nationalisation [1] if a deal cannot be reached with its Chinese owners, the Jingye Group. The proposed closure of two blast furnaces at the Scunthorpe plant has sparked fears of significant job losses, with up […]
There have been discussions amongst the Union and State Governments for a comprehensive action plan to expand the Visakhapatnam Steel Plant (VSP). A member of the Union Ministry of Steel held a meeting with the Chief Minister (CM) N. Chandrababu, for delegating this initiative on Monday. The discussions mainly focused on the follow-up actions required […]
An MIT-startup has developed a breakthrough method to produce steel commercially using electricity instead of carbon-heavy blast furnaces to commence the beginning of decarbonization in a significantly carbon-intensive industries. Boston Steel’s industrial-scale production facility can make a ton of steel per month using a molten oxide electrolysis (MOE). However, if powered by renewable energy, it […]
ArcelorMittal Nippon Steel India (AM/NS) said on March 28 that the joint venture company has started the land acquisition process in Andhra Pradesh to establish an integrated steel plant in the state. The initial payment has been made, for acquiring the land in Anakapalli district, and is expected to own it soon, for the company […]
The Indian alloy steel producers’ association is preparing to submit an anti-dumping petition with the federal trade ministry against cheap imports from China, said a senior executive to Reuters on Thursday. Being the world’s second-largest producer of crude steel, India has the capacity to make around 18-20 million metric tonnes per annum of alloy steel […]
Zawya published a report that suggested that the Weak demand from consumer goods industries will limit the ability to sustain significant price hikes. The manufacturing costs are increasing in the US, along with the increasing demand for sluggish goods. Trade policy uncertainty further complicates short- and medium-term planning, leading many businesses to delay major decisions […]
The World Steel Association has reported that Türkiye’s crude steel output declined by 5.9 percent in January from a year ago to 2.9 million tons. The downward trend continued into February, with output over the first two months of 2025 falling 3.7% compared to the same period last year, totaling 6.1 million tons. Türkiye ranked the seventh-largest crude steel producer in […]
EMSTEEL Group has announced a partnership with Yellow Door Energy, the company considered to be the largest sustainable energy partner in the Middle East and Africa, for the development of the largest industrial solar PV rooftop project in the UAE. The 31.5 MWp solar project will supply clean energy to EMSTEEL’s operations, providing the Group’s […]
Kamel Al-Wazir, Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, along with Hassan El-Khatib, Minister of Investment and Foreign Trade, recently held a meeting with Ayman El-Ashry, President of the Cairo Chamber of Commerce and Chairperson of Ashry Steel Group, to explore strategies for advancing the country’s iron and steel […]
Reuters reported that the president of Nippon Steel said on Monday that the Japanese steelmaker and the U.S. government share a mutual understanding that its planned acquisition of U.S. Steel will strengthen the American steel industry and manufacturing sector. “In my opinion, the U.S. government and we are moving closer to a mutual understanding that […]
Fenix Resources has awarded MACA the mining contract for Beebyn-W11, its new iron ore mine in Western Australia’s Mid-West region. The contract covers drill and blast, ore extraction, and crushing and screening operations, with on-site mobilization scheduled to begin in the June quarter, marking a key step in the development of Fenix’s Beebyn- W11 project, […]
CEO Gunnar Groebler of German steel group Salzgitter says the company wants to expand its business catering to the defense industry, reported Reuters on Friday. “We’re broadly positioned with tempered sheet metals for the defence industry,” Groebler said. “Salzgitter also produces steel pipes used in the defence industry,” he added. Germany’s second largest steel producer is […]
China’s steel industry is reportedly considering paying incentives to firms that are willing to shut down outdated steel plants, as a part of the government’s efforts to government’s broader strategy to reduce the country’s massive steel output. According to reports, China Iron and Steel Association, which represents steelmakers, began consulting with mills earlier this year […]
Nippon Steel has filed a motion in U.S. court to dismiss a consumer lawsuit attempting to halt its proposed $14.9 billion acquisition of U.S. Steel, a deal currently under review by the Trump administration. On Wednesday in the federal court in San Francisco said the consumers, as downstream buyers of steel products, had not shown they […]
John Cockerill Signs MoU with IIT Bombay to Drive Innovation in Steel Decarbonisation Technology John Cockerill has entered into a Memorandum of Understanding (MoU) with the Indian Institute of Technology Bombay (IIT Bombay), one of India’s leading research and academic institutions. This partnership aims to promote innovation in steel decarbonization technology, the green hydrogen value […]
Thyssenkrupp is reassessing its ambitious plan to produce green steel at its Duisburg facility amid rising costs. The German government has invested billions of euros in subsidizing the project. The production of “green steel” by adapting a climate-neutral production method is being reviewed as per the internal reports. According to the reports, the company’s senior […]
Ukraine’s steel industry has witnessed a sizeable increase [1] in domestic consumption during the first two months of 2025. According to recent data, the consumption of steel products, including rolled and semi-finished goods, reached an impressive 557,000 tons in January and February combined. This marks a significant recovery for the sector, which has faced challenges […]
South Africa (SA) had secured more than $4bn (R73bn) in funding from both bilateral and multilateral sources for the reduction of carbon emissions. With this financial backing, the country now faces a responsibility to implement actionable plans that align with global climate goals. Last year, South Africa’s steel production saw traditional coal-fired blast furnaces contribute […]
The Australian Government has decided to invest $750 million in advancing new technologies in the metals manufacturing sector to maintain their position in the global competition. The funding is considered a part of the larger picture behind the $1.7 billion future made in Australia Innovation Fund, introduced in the 2024/2025 Budget, according to the government. […]
EU has announced their temporary anti-dumping duties ranging between 6.9% and 33% on hot rolled steel coil (HRC) imports from Japan, Vietnam, and Egypt, until a final decision is made by October. Previous reports also show that the imports of aluminium road wheels from Morocco were found to be unfairly subsidised, including those via China’s Belt […]
Vale and Green Energy Park (GEP) are working together on a project which has been selected by the European Commission and the 27 Member States as one of the flagship projects of the European Union’s Global Gateway Program in the Climate and Energy category. According to reports, the project is focused on enabling the construction […]
China, the world’s largest steel producer, reported a 1.5% year-on-year decline in crude steel production for the first two months of 2025. According to the National Bureau of Statistics, the country produced 166.3 million metric tons of crude steel during January and February, reflecting a slight decrease compared to the same period last year. Despite […]
In 2024, the European Union’s (EU) steel trade showcased significant growth [1] in value despite a decrease in physical quantities. Steel exports reached €32.3 billion, marking a 9.9% increase compared to €29.4 billion in 2019. On the other hand, steel imports surged by 19.7%, totaling €39.5 billion. However, the weight of exported and imported steel […]
Glencore Plc is intensifying its cost-cutting efforts at its Canadian copper and zinc plants, building on job cuts made last year as part of a broader restructuring of its global smelting operations due to a decline in processing margins. The company’s copper plants in Quebec, along with several recycling sites in the US, will be […]
The Moroccan Ministry of Industry and Trade has initiated an anti-dumping investigation into steel wire imports from Egypt and the United Arab Emirates (UAE). The Investigation, which has commenced, follows claims from Moroccan companies that suggest these steel wire imports are being sold at unfairly low prices, causing significant harm to the local steel industry. […]
Canada has initiated a formal complaint [1] with the World Trade Organization (WTO) in response to the United States’ imposition of tariffs on Canadian steel imports. The U.S. recently increased tariffs on steel to 25%, ending exemptions and duty-free quotas that were previously in place for Canadian steel products. This decision has heightened trade tensions […]
U.S. stocks rose on Wednesday, supported by inflation data that was cooler than anticipated, which helped halt a steep selloff. However, the ongoing escalation of President Donald Trump’s disruptive, multi-front tariff war limited the gains. The S&P 500 and Nasdaq both ended the day higher, with the latter receiving a strong lift from tech and […]
SMS group has completed the automation system upgrade for the hot strip no.1 at PT Krakatau Steel (Persero), Tbk. PT Krakatau Steel (PTKS) has reached a significant milestone with the successful production of its first sellable coil at its facility in Cilegon. This achievement marks PTKS’s return to the Indonesian market as a producer of […]
Boston Metal has specialised in steel decarbonization technology and has successfully launched its multi-inert anode Molten Oxide Electrolysis (MOE) industrial cell, designed for green steel production, marking a key milestone in de-risking Boston Metal’s MOE platform technology. It confirms the effectiveness of the inert anode, a critical component of MOE that enables the scalable production […]
As President Donald Trump’s latest tariffs on steel and aluminum imports came into force Wednesday, the European Union has responded [1] with officially implemented $28 billion retaliatory tariffs against the United States. This marks a significant escalation in the ongoing trade dispute with President Donald Trump’s administration. The countermeasures that came into force today are […]
Elcogen has officially announced the launch of the Horizon Europe SYRIUS project following a successful kick-off meeting hosted by project partner Acciai Speciali Terni Spa in February 2025. The SYRIUS project aims to transform the steel industry by enabling hydrogen production and circular energy use within steelmaking processes. Funded by a €10 million grant and […]
U.S. President Donald Trump has decided to abandon his proposal to double tariffs [1] on Canadian steel and aluminum imports. The initial plan, which would have raised tariffs from 25% to 50%, was announced as a response to Ontario’s decision to impose a 25% surcharge on electricity exports to the United States. The move had […]
Japanese suitors are encountering increased challenges in U.S. mergers and acquisitions, as American targets are now more likely to demand substantial termination fees to safeguard against deals collapsing due to regulatory or political hurdles. This shift follows Nippon Steel’s stalled $14.9 billion bid for U.S. Steel, which has highlighted the growing risks tied to U.S. […]
SteelAsia Manufacturing Corp., the leading steel manufacturer in the Philippines, has commissioned its inaugural solar rooftop photovoltaic (PV) system in partnership with TotalEnergies ENEOS at its Meycauayan steel plant in Bulacan. The 1.9 megawatt-peak (MWp) solar power system is seen as a significant step in the company’s ongoing efforts to decarbonize its steel production operations. […]
President Donald Trump has reignited trade tensions by imposing sweeping tariffs on key trading partners, including Canada, Mexico, and China. Beginning his second term with a bold move, Trump reinstated a 25% tariff on steel imports, escalating the situation into a full-blown trade war with immediate retaliatory measures announced by affected nations. Effective from March […]
India’s steel trade experienced a significant downturn [1] in February 2025, with imports plunging by 40% year-on-year to 0.6 million tons. This sharp decline has been attributed to concerns over potential safeguard duties, dampening traders’ buying sentiment. The Directorate General of Trade Remedies (DGTR) is currently investigating allegations of steel dumping, and the possibility of […]
Danieli signs a Memorandum of understanding defined to explore integration of Newcleo LFR technology with Green Steel technology and plants. The collaboration is set to explore the integration of newcleo’s Lead-cooled Fast Reactors (LFR) with Danieli’s steelmaking technology intended to combine the production of green steel with nuclear energy production. The companies will focus on […]
