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Nucor raises HRC prices for the third time since the beginning of the year
US steelmaker Nucor has announced its third price increase for Hot-Rolled Coil (HRC) products since the start of the year, underscoring the persistent volatility in the steel market. This latest adjus...
Feb 12, 2025
0 680

Nissan to Boost Green Steel Usage Fivefold in Japan to Accelerate Sustainable Manufacturing
Nissan has announced an ambitious plan to significantly enhance its commitment to sustainability by increasing its use of green steel in Japan by five times. This strategic initiative is designed to t...
Feb 11, 2025
0 711

Ukraine’s Steel Producers Contribute 6.2 Billion UAH in Taxes and Fees Over Five Years
Recent data reveals that Ukraine’s steel industry has made a significant fiscal contribution by paying 6.2 billion UAH in taxes and fees over the past five years. This figure underscores the critical ...
Feb 11, 2025
0 835

EU Steel Industry Losing Ground in the Global Market: A Closer Look
A recently released infographic highlights a concerning trend: the EU steel industry is gradually losing its competitive position in the global market. The data paints a stark picture of the challenge...
Feb 11, 2025
0 765

Kametstal to Invest Over UAH 2.5 Billion in Production Modernization in 2025
Kametstal, a leading player in Ukraine’s steel industry, has revealed an ambitious plan to invest more than UAH 2.5 billion in modernizing its production facilities throughout 2025. This strategic ini...
Feb 11, 2025
0 712

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...
Feb 11, 2025
0 718

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...
Feb 11, 2025
0 836

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...
Feb 10, 2025
0 1439

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...
Feb 10, 2025
0 951

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...
Feb 8, 2025
0 805

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...
Feb 7, 2025
0 895

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...
Feb 7, 2025
0 837
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