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 […]
British Steel has announced plans to shut down its two blast furnaces [1] at the Scunthorpe steelworks, putting up to 2,700 jobs at risk. The decision came after the company failed to secure a financial rescue package from the UK government, marking a significant blow to the nation’s steel industry. The Chinese-owned firm, Jingye Group, […]
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 […]
The imposition of tariffs on steel imports by the United States has led to significant job [1] losses in Canada, with hundreds of workers affected. The steel tariff policy has sent shockwaves through the Canadian manufacturing sector, with economists warning of broader economic repercussions in the coming weeks. Among the hardest-hit companies is Canada Metal […]
Marseille-based GravitHy, a pioneer in low-carbon iron production, has successfully raised €60 million in a funding round aimed at advancing its mission to decarbonize the steel industry. The investment, announced on March 26, 2025, attracted new backers, including the Japan Hydrogen Fund, Marcegaglia, Ecolab, Rio Tinto, and Siemens, alongside additional contributions from existing investors like […]
The World Steel Association (WorldSteel) has announced a 3.4% decline [1] in global crude steel production for February 2025, bringing the total output to 144.7 million tonnes. This drop marks a challenging period for the steel industry amid rising costs and weaker demand. China, the leading steel producer, recorded a 3.3% decline, producing 78.9 million […]
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 […]
South Korea’s Hyundai Steel has announced plans to invest $5.8 billion [1] in a new steel plant in Louisiana, United States. The facility, which will have an annual production capacity of 2.7 million tonnes, is part of Hyundai Motor Group’s broader $21 billion investment strategy in the U.S. market. The announcement, made during a high-profile […]
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, […]
The stainless steel market in Taiwan is bracing for a significant price increase [1] in April, driven by a combination of rising raw material costs and global economic pressures. Industry experts have projected that this adjustment will reflect both local and international market dynamics, signaling a potential shift in the regional steel landscape. Market analysts […]
Nippon Steel Corp., a leading steel producer, recently expressed its agreement [1] with the United States government, supporting the notion that a proposed deal involving U.S. Steel Corp. would substantially boost the American steel industry. This alignment underscores Nippon Steel’s confidence in the potential benefits of the agreement for strengthening domestic steel production and fostering economic growth. […]
In 2024, the European Union recorded a substantial achievement in its export sector, with long products totaling 6.4 million tons [1] shipped to global markets. This milestone highlights the EU’s dominance in the manufacturing and distribution of these goods, which include bars, rods, and structural steel components essential for construction and industrial projects. The EU’s […]
German steel manufacturers have expressed increasing concerns [1] about the growing bureaucratic demands to document carbon emissions. The industry, a cornerstone of Germany’s economy, is grappling with stringent regulatory frameworks that aim to track and reduce greenhouse gas outputs as part of the European Union’s ambitious climate goals. As Europe pushes towards becoming carbon neutral […]
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 […]
The European Commission has unveiled [1] a new strategy for the steel and metals industries, aiming to counteract intense global competition. As part of this plan, the Commission intends to tighten import quotas, targeting a 15% reduction starting from April. The European steel industry, already weighed down by high energy costs and stiff competition from […]
Egypt’s steel exports to Europe witnessed a dramatic decline of 90% [1] in January, according to a recent report. The sharp drop comes as the European Union prepares to impose a 15.6% anti-dumping duty on hot flat steel imports starting April 7. This development has significantly impacted Egypt’s steel trade with key European markets, including […]
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 […]
In a move to protect domestic steel producers, the Indian government has recommended a 12% temporary tax [1], known as a safeguard duty, on certain steel products. This measure, set to last for 200 days, is intended to curb the rising influx of steel imports impacting local industries. Under the Ministry of Commerce, the Directorate […]
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 […]
Driven by market dynamics and policy shifts, India’s steel prices have seen a notable rise [1] in recent months. However, the specter of a global trade war looms large, raising concerns about the stability of the industry. In March 2025, hot rolled coil (HRC) prices in Mumbai increased by ₹600 per tonne month-on-month, reaching ₹49,000 […]
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 […]
India’s steel industry is grappling with mounting challenges as cheap imports from China and aggressive global tariff policies put pressure on domestic prices and profitability. Leading steelmakers, including Tata Steel and JSW Steel, are facing reduced rating headroom, as highlighted by Fitch Ratings in its latest report. The influx of discounted steel imports from China […]
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 […]
In a recent statement, former U.S. President Donald Trump reaffirmed his commitment to maintaining tariffs stating he had he had “no intention” in easing on steel imports, signaling no plans for exemptions or reductions. This announcement comes as trade tensions between the United States and its global partners continue to escalate. Speaking aboard Air Force One, […]
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 […]
Shares of Tata Steel witnessed a 2% rise [1] on Wednesday after global financial services firm JPMorgan revised its price target for the stock, forecasting a potential 20% upside. The brokerage reaffirmed its “overweight” rating, highlighting the company’s improved earnings outlook, particularly in its European operations, as a key driver for optimism. The stock gained […]
President Donald Trump has escalated trade tensions by threatening further tariffs [1] on imports, following retaliatory measures from the European Union and Canada. “Whatever they charge us, we’re charging them,” Trump told reporters at the White House. The ongoing dispute stems from Trump’s decision to impose a 25% tariff on steel imports, which he argues […]
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 […]
Amid ongoing challenges, Ukraine’s steel industry is showing resilience, with rolled steel production increasing by 6.6% year-on-year [1] in February 2025. According to data from Ukrmetprom, the country’s rolled steel output reached 476.9 thousand tons during the month. This growth reflects the industry’s ability to adapt and recover despite the disruptions caused by the ongoing […]
SSAB’s HYBRIT® technology, developed in partnership with the mining expert LKAB and Vattenfall, is known for its green hydrogen and fossil-free electricity in place of coking coal to produce steel, eliminating the carbon emissions. SSAB has signed an agreement with global construction equipment maker Putzmeister to provide future fossil-free steel for products like concrete pump […]
SSAB’s official statement said that they are establishing new blast furnaces in Oxelösund, Sweden, with an electric arc furnace and associated raw material handling. The aim is for the new production system to be up and running toward the end of 2026. The Oxelösund mill is said to be the first in the green transition […]
Workers suspended at Liberty Steel in 2024 will be returning to work by next week, according to Independent Steel Workers Union leader Penny Wight. Liberty Steel furloughed more than 500 employees from its Peoria-area steel mill and wire mill in December, citing economic challenges in the steel market. The company stated that the furloughs were necessary. […]
Nomura Research has highlighted the potential benefits of imposing safeguard duties [1] on Indian steel imports. According to the brokerage, such measures could significantly boost domestic steel prices and improve the margins of steel manufacturers. The domestic steel industry has been advocating for a 25% duty on imports to protect against the influx of cheap […]
ArcelorMittal Nippon Steel (AM/NS), a Luxembourg-based multinational steel manufacturing company, has announced plans to invest Rs 1.47 lakh crore [1] in a new steel plant in Andhra Pradesh. This significant investment is set to be developed in two phases, with the first phase involving an expenditure of Rs 61,780 crore to achieve a production capacity of […]
Morocco’s green hydrogen ambitions have reached a significant step forward as Prime Minister Aziz Akhannouch chaired a steering committee meeting in Rabat today, where five major investors were selected to develop six projects valued at MAD 319 billion ($31.9 billion) across the country’s three southern regions, marking a major step in Morocco’s push toward sustainable […]
Recent statements highlight the Middle East and North Africa’s (MENA) potential to take the lead in the global industry’s shift toward green iron and steel, according to the Institute for Energy Economics and Financial Analysis (IEEFA). Libya has announced plans to become a supplier of direct reduced iron (DRI) in the Mediterranean basin and beyond unveiling […]
India’s finished steel imports from South Korea, China, and Japan have reached an all-time high [1] during the April-January period of the current fiscal year. According to provisional government data, these three countries accounted for 78% of India’s total finished steel imports, highlighting the growing reliance on foreign steel to meet domestic demand. South Korea […]
After China announced its plans to restructure its steel industry to cut its total output, there was a surge in the share of steel stock on March 5. The latest plans by China are expected to reduce cheap steel dumping into the Indian market, acting as a major positive to the domestic steel companies. Welspun Corp’s shares […]
Iron ore futures declined on Wednesday due to the tariff war between the United States and top metals consumer China, outweighing optimism about improved demand for Chinese steel. China is the world’s largest consumer of metals, including iron ore, a key raw material for steel production. According to reports, the most-traded May iron ore contract […]
China has announced plans to reduce its steel output [1], in an effort to address overcapacity and enhance profitability. The decision, revealed at the National People’s Congress, aims to restructure the country’s steel industry, which has been grappling with a prolonged property market downturn and mounting trade frictions. However, the announcement didn’t cover any interventions […]
Qatar Steel and Bahrain Steel have announced a $1.266 billion deal [1] to enhance industrial cooperation and strengthen the steel industry in the region. The agreement, which covers the supply of 5 million metric tons of raw materials over five years, was revealed at a joint press conference held in Doha. The deal is part […]
Japan trade minister Muto is to visit US for tariff exemption. Japan’s Economy, Trade, and Industry Minister Yoji Muto is set to visit the United States as early as March 10 for discussions with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer, the Asahi Shimbun reported on Tuesday, citing multiple sources. Muto […]
Commodities tycoon Sanjeev Gupta’s GFG Alliance said in a statement on Monday that it remained the largest creditor in Australia’s Whyalla Steelworks at A$536 million ($333.23 million). South Australia’s state premier put Whyalla into administration for unpaid bills on February 19 and said he wants to help develop lower carbon steel production in the state. GFG said […]
Union Steel and Heavy Industries Minister H.D. Kumaraswamy has outlined the government’s strategy to protect the Indian steel industry [1] in light of the new tariffs imposed by the United States. The announcement comes after U.S. President Donald Trump imposed a 25% tariff on steel imports from Canada and Mexico, and a 10% levy on […]
In February, Ukraine-based steel mill Zaporizhstal, a subsidiary of Metinvest, reported a production of 195.7 thousand tons [1] of rolled steel. This figure represents a slight decrease of 1.4% compared to last year. Despite the minor decline in rolled steel production, Zaporizhstal’s overall performance in February remained robust. The company produced 265.4 thousand tons of […]
Recent reports showed a significant growth in the steel manufacturing sector of India, with Sajjan Jindal signing a Memorandum of Understanding (MoU) with South Korea’s POSCO Group. This partnership aims to establish an integrated steel plant in India with an initial capacity of 5 million tonnes per annum (MTPA). “This JV also entails collaboration for […]
Dr. Ronald J. O’Malley, the F. Kenneth Iverson Endowed Chair of Steelmaking Technologies at Missouri University of Science and Technology, has been honored with the 2025 Tadeusz Sendzimir Memorial Medal for Innovation in Steel Manufacturing Technology by the Association for Iron & Steel Technology (AIST). O’Malley earned a Ph.D. in metallurgy from Massachusetts Institute of […]
In a move that has shaken global trade, U.S. President Donald Trump has signed an executive order reinstating a 25% tariff on steel imports. Effective March 12, 2025, the tariffs will apply to all countries without exemptions, reversing the previous exclusions granted under the 2018 measures. Based on recommendations from U.S. Secretary of Commerce Howard […]
The European Commission’s decision to scale back its key sustainability reporting regulations could pose challenges for investors seeking to allocate funds toward the bloc’s climate objectives. Since the 2015 global agreement on climate action, Europe has led efforts to transition the real economy toward net-zero emissions by 2050. This includes setting standards for defining “green” […]
Blastr Green Steel (Blastr) has signed a memorandum of understanding (MoU) with Aurora Infrastructure for a build, own, and operate (BOO) agreement. Under this arrangement, Aurora, a Finnish electricity network partner, will be responsible for designing, constructing, operating, maintaining, and financing the electricity distribution infrastructure for Blastr’s proposed steel plant in Inkoo, Finland. Aurora Infrastructure […]
French Minister Marc Ferracci said on Thursday that Europe’s steel sector needs to be better protected from cheap imports as current measures seem insufficient. European steel producers are struggling with weak demand and a surge of low-cost imports from Asia, as China’s massive overcapacity floods global markets, prompting producers to shift excess supply to Europe. […]
Jindal Steel made an offer to the troubled Italian Steelmaker to about €4 billion ($4.2 billion), seeking to outbid rivals from Azerbaijan, people familiar with the matter acknowledged. Jindal’s latest proposal to the Italian government offers a payment of about €1 billion for the asset, along with around €3 billion to revamp the main steel […]
The FBR has issued an SRO 204(I)/2025 to introduce draft amendments in the Customs Rules, 2001, on Tuesday. A tax expert opined that by excluding iron and steel scrap from EFS. The importers of compressors and motors will now have to pay all taxes at import stage, such as customs, sales tax, and income tax. […]
Tata Steel’s managing director, TV Narendran, advocated the implementation of safeguard duties on imported steel aimed at protecting India’s steel sector from the impacts of tariff increases imposed by the US. ” It’s not that India is exporting a lot of steel to the US, but the steel which used to end up in US […]
Bolivia, a South American country, has officially inaugurated the Mutun steel plant in Puerto Suarez, near the country’s border with Brazil, in a bid to reduce its dependence on metal imports. The $546 million megaproject was largely financed by a loan from the Export-Import Bank of China, further strengthening China’s economic and political influence in […]
Al Yamamah Steel Industries Company has agreed with the South Korean branch of Hyundai Engineering & Construction to supply steel towers for a 380 kV ultra-high voltage transmission line project in Saudi Arabia’s western region. In a statement to the Saudi Stock Exchange on Tuesday, the company announced that the contract is valued at 174.91 […]
Dalian iron ore futures ended a four-day winning streak on Monday as rising levies on Chinese steel weakened demand prospects for the crucial steelmaking ingredient. However, the decline was tempered by decreasing portside inventories in China. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) closed 0.77% lower at 832.5 yuan ($114.95) […]
BHP is ramping up its global search for copper to meet surging demand fueled by the energy transition. However, the scarcity of high-quality deposits, particularly in stable jurisdictions, poses a significant challenge for the mining giant, according to recent reports. Over the past five years, BHP has undergone a strategic shift in its investment priorities. […]
South Korean officials have requested an exemption from U.S. reciprocal tariffs on steel and aluminum during their visit to Washington this week, according to a statement from the industry ministry on Friday. Deputy Minister Park Jong-won, leading the first major South Korean government delegation to Washington since U.S. President Donald Trump announced broad tariffs, emphasized […]
Former Indian cricket team captain Sourav Ganguly said on Friday that the steel plant project he is promoting in a partnership at Garbeta, located in West Bengal’s Paschim Medinipur district, is expected to become operational within the next 18-20 months. The project is expecting an investment of Rs 2,500 crore to establish the 0.8 million […]
Prime Minister Anthony Albanese announced on Thursday that a struggling Australian metals plant will be repurposed into a production hub for “green iron and steel” as part of a government-backed billion-dollar rescue package. The initiative aims to revitalize the facility while advancing Australia’s push toward sustainable industrial practices. The company has been known to be […]
The foundation was set for one of Europe’s largest green hydrogen production plants, on Thursday, according to reports. Scheduled to begin operations in 2026, the plant will produce approximately 9,000 tons of green hydrogen annually to be used in the production of carbon-reduced steel. This initiative represents a step in the industrial application of hydrogen […]
Steelinvest and Chinese steel producer Delong Steel have established a joint venture, named Ziming SG Global, to focus on marketing mill export sales. The Joint venture, based in Dubai, is led by Fred Hayrapet of Steelinvest Group. The company will primarily target semi-finished and finished steel products across long and flat products. Hayrapet emphasized that […]
Tata Steel’s proposal to construct a £1.25 billion electric arc furnace (EAF) at its Port Talbot steelworks has been approved by the official from the Port Talbot planning committee. With construction set to commence this summer, the new facility is expected to be fully operational by early 2028. Designed to primarily process scrap steel, the […]
Japan to adopt new techniques to boost nuclear and renewables by 2040 Japan’s government adopted new decarbonisation targets aiming to reduce greenhouse gas emissions by more than 27% in the next 15 years, since 2013, approving renewable energy plan. The country targets to meet carbon neutrality by 2050. Under their plan of action, adopted by […]
BHP Foresees an economic recovery in China and central bank rate cuts to boost demand for steel and copper but asks to be vigilant about potential trade tensions posing risks to global growth, as it reported its lowest first-half profit in six years. BHP had planned a $49 billion takeover of Anglo American, aiming to […]
Emirates Steel Arkan (EMSTEEL) has unveiled its new decarbonisation strategy to reach net-zero emissions by 2050, reports say. The company has announced plans to cut absolute greenhouse gas (GHG) emissions by 40 percent in its steel business unit and by 30 percent in its cement business unit by 2030, using 2019 as the baseline year. […]
Global Leaders Debate Trump’s Steel Tariffs and the Future of Supply Chains As global trade policies and decarbonisation goals collide, the need for innovative solutions in the steel and energy sectors has never been greater. The 2nd World Green Steel, Hydrogen, and Energy Summit to be held in Brussels, Belgium, on 29-30 April 2025 brings […]
A Chinese steel industry group has cautioned that the newly imposed 25% tariff on steel imports to the United States could negatively affect the sector, a state media reported on Thursday. “The US move is essentially an act of trade protectionism,” the China Iron and Steel Association (CISA) said in a statement. “In the short […]
On February 13, Lipetsk Oblast in Russia was under a massive raid by drones, according to regional governor Igor Artamonov. Reports say that the drones allegedly targeted Novolipetsk Steel (NLMK), Russia’s largest steel mill, known to produce about 20% of the country’s steel output. The production facility, situated approximately 400 kilometers from the Russia-Ukraine border, is responsible […]
The partnership between the two companies is prioritising performance monitoring and is implementing reporting mechanisms to track environmental impact while they measure emission reductions and enhance project transparency. SEE Holding has signed a Memorandum of Understanding (MoU) with Arabian Gulf Steel Industries (AGSI), marking a step towards advancing sustainable construction practices in the region. This […]
German industrial giant Thyssenkrupp has reported an increase in earnings despite weaker sales, attributing the growth to its ongoing efficiency initiatives. Meanwhile, the company’s military-related divisions anticipate a boost in demand, driven by rising global defense spending. Thyssenkrupp gave a mixed financial update on Thursday as it highlighted unstable market conditions while highlighting some areas […]
Pakistani state media reported on Wednesday, that the Ambassador of the Russian Federation to the Islamic Republic of Pakistan, Albert P. Khorev has announced cooperation with Islamabad this year in the energy and industrial sectors, including the modernization of a state-owned steel mil. Pakistan Steel Mills (PSM) were assed by a team of technical experts […]
Heathrow Airport CEO Thomas Woldbye is set to respond today to the UK Government’s strong backing for the airport’s expansion, including plans for a third runway. Mr Woldbye is to announce the largest private investment programme in Heathrow’s history and confirm the airport is developing proposals for a third runway to share with Government by […]
Trump’s decision to bring on the 25 percent tariffs on steel and aluminium imports stepped up a long-promised trade war despite warnings from Europe and China. According to reports, Canadian Prime Minister Justin Trudeau said on Tuesday that Canada will resist any US tariffs on steel, announced by President Donald Trump, as this means to […]
US President Donald Trump signed executive orders planning to impose tariffs on steel and aluminium imports starting from March 12, ramping up a long-promised trade war, even after the warning from Europe and china. According to reports, Trump said on Monday in the Oval Office, “Today I’m simplifying our tariffs on steel and aluminum. It’s […]
Qatar Steel and Bahrain Steel have signed a $1.27 billion agreement to supply 5 million tonnes of the product over five years, aiming to enhance industrial cooperation and strengthen the sector in the region. On February 9, Qatar’s Ministry of Commerce and Industry announced the agreement, stating that it aligns with the Industrial Partnership for […]
