Mexican HDG consumption rises 17.5 percent in September Hot-dipped galvanized sheet (HDG) consumption in Mexico exhibited a consistent upward trend, marking its fourth consecutive annual surge in September at 17.5 percent year-over-year, reaching 403,000 m...
Rio Tinto partners with Germany's TAKRAF for state-of-the-art iron ore crushing and handling system Germany-based TAKRAF GmbH [1] , a subsidiary of Italy's Tenova, has recently finalized a significant agreement with Australian iron ore powerhouse Rio Tinto, marking a pivotal moment in equipment sup...
Contrasting trends: ArcelorMittal's Q3 revenues dip amid positive projections for steel demand Luxembourg-based ArcelorMittal, the world's leading steelmaker, has disclosed its financial performance for the third quarter and the initial nine months of the current year, revealing a nuanced pictu...
Surge in steel demand: Mexico records a 21.8% increase in consumption for September In September, Mexico experienced a remarkable 21.8 percent year-over-year surge in steel consumption, reaching a substantial 2.72 million metric tons, marking the 11th consecutive annual increase and ...
Jianlong Group's bold move: RMB 1.26 billion invested in Xining Special Steel expansion Beijing Jianlong Group has unveiled plans to invest RMB 1.26 billion ($0.18 billion) in the acquisition of Xining Special Steel Co., Ltd. , a Chinese special steel producer based in Qinghai Province. ...
Tenaris Saudi Steel Pipes secures $28 million deal to supply pipes to Uruguayan subsidiary TenarisSaudiSteelPipes [1] , formerly known as Saudi Steel Pipe Co. (SSP) and based in Saudi Arabia, has recently revealed its agreement with Tenaris Global Services, a subsidiary of the Luxembourg-ba...
Doosan Group to invest $300 million in Mexico for equipment production Doosan Group [1] , a prominent South Korea-based industrial conglomerate, has unveiled plans to invest $300 million in Mexico, with the aim of manufacturing a range of equipment, including loaders, ex...
Mexico's FDI surge: Steel industry leads as investments hit $32.9 Billion in Jan-Nov 2023 In the initial nine months of the year, Mexico witnessed a substantial influx of foreign direct investment (FDI), reaching $32.9 billion, marking a 2.4 percent increase from the corresponding period l...
British Steel's £1.25 billion investment: Two electric arc furnaces for a greener future British Steel [1] , a UK-based steel manufacturer, has unveiled ambitious plans to construct two electric arc furnaces with a combined investment of £1.25 billion. These eco-friendly furnaces will be ...
Proposed US legislation aims to impose carbon border fee on imported goods US Senator Bill Cassidy has introduced the " Foreign Pollution Fee Act [1] ," a proposal designed to implement carbon border levies on select imported goods exhibiting higher greenhouse gas (GHG) emis...
Vietnam reexamines antidumping (AD) duties on stainless steel from four countries Vietnam's Ministry of Industry and Trade (MOIT) [1] has officially initiated a sunset review of the antidumping (AD) duties imposed on cold-rolled stainless steel products originating from Taiwan, In...
ArcelorMittal's ambitious plan: Green steel production in Brazil During a recent conference in Fortaleza, the CEO of ArcelorMittal Pecem [1] , Erick Torres, revealed that he has been granted approval by the company's headquarters to invest $9 million in a feasibil...
