India remains net importer of steel for second consecutive year in FY 2024-25 India remained a net importer of steel for the second consecutive year in the fiscal year 2024-25, importing 9.5 million mt of finished steel during the year, a rise of 14.6 percent year on year, prov...
Thyssenkrupp Steel Europe Announces Termination of Cooperation with Hüttenwerke Krupp Mannesmann Thyssenkrupp Steel Europe has officially commenced the process of ending its long-term partnership with Hüttenwerke Krupp Mannesmann (HKM). The company's Supervisory Board has approved the termination...
UK Government Considers Nationalisation of British Steel as Scunthorpe Crisis Deepens The future of *British Steel’s Scunthorpe site* hangs in the balance as the UK government signals it is open to *temporary nationalisation* to prevent the collapse of one of the country’s last major s...
Carbon Steel vs. Alloy Steel: A Detailed Comparison When it comes to choosing the right type of steel for specific applications, understanding the differences between *carbon steel* and *alloy steel* is essential. Both of these steels are commonly used...
The Future of Steel Production: Innovations and Sustainability in the Global Steel Industry The steel industry, a cornerstone of modern infrastructure, continues to evolve with new technologies, production methods, and sustainability initiatives. As we move towards a more sustainable future,...
Global Coking Coal Prices Continue to Fall Amid Oversupply, China's Rising Coke Production Fails to Lift Prices Global *premium coking coal (PHCC)* prices have continued to decline in late March, despite rising *coke production in China*, largely due to the *oversupply of the product*. According to *Kallanish*...
EUROFER Warns of Worsening Global Steel Overcapacity, Urges Urgent Action on Post-Protection Measures The issue of *global steel overcapacity* continues to worsen, and the *European Steel Association (EUROFER)* has called for *urgent action* to address the growing crisis. In a statement, EUROFER empha...
TYASA Announces $450 Million Investment to Boost Production in Mexico *Mexican steel producer TYASA* has unveiled plans for a *$450 million investment* aimed at *increasing its production capacity* and diversifying its product portfolio. According to *Oscar Chahin*, TY...
Billet Production Commences at Bolivia's El Mutún Steel Complex Bolivia's *El Mutún Steel Complex (ESM)* has reached a significant milestone with the *successful production of its first billets* at its *steel converter plant*. This achievement follows the earlier ...
White House Announces Minimum 10% "Baseline" Reciprocal Tariffs on Broad List of Nations In a *flag-draped Rose Garden ceremony*, *US President Donald Trump* revealed that he will enact a *minimum 10 percent reciprocal tariff* plan, effective *midnight tonight*, targeting a *sweeping list...
Argentina Announces Details of $3.0 Billion Vaca Muerta Sur Pipeline Project *Argentina’s state-run oil company, YPF*, has confirmed the start of construction on the *second section* of the *Vaca Muerta Sur (VMOS) pipeline*, following the *securing of $3.0 billion in funding* ...
Chubu Steel Plate Resumes Production After Plant Closure in Japan *Chubu Steel Plate*, a *Japan-based steel producer*, has announced the *resumption of its steelmaking operations* following the closure of its *Nagoya manufacturing plant* after an accident on *Januar...
