Meranti Steel launches Thai green steel project Singapore-headquartered Meranti Steel plans to develop a DRI-EAF steelworks for flat products in Thailand. The plant is intended to supply green hot rolled coil to domestic manufacturers and for expor...
India's April finished steel exports hit 13-month high India's finished steel exports in April rose to their highest level in 13 months in April on the back of strong bookings from Europe, while imports also remained at elevated levels. Finished steel exp...
Wind Power Is Playing a Vital Role in Meeting The Global Demand for Sustainable Steel (World Steel) With sustainable steel increasingly crucial to meeting the world’s climate targets, manufacturers are turning to wind power to decarbonise production. Renewable energy technologies are ...
Salzgitter And Ewe Collaborate For Sustainable Steel Production With Green Hydrogen German energy service provider EWE, based in Oldenburg, and the steel producer, Salzgitter AG have announced their intention to collaborate on hydrogen projects and initiatives. This collaboration was...
Benteler Cancels Tenaris' Purchase Of Its Pipe Business The previously-announced deal for the sale to Tenaris of 100% of the shares of American steel pipe manufacturer Benteler Steel & Tube Manufacturing Corporation has been unilaterally terminated, effect...
IFGL AFFILIATE BUYS UK REFRACTORY MANUFACTURER Sheffield Refractories' 100 percent ownership has been acquired by Monocon International Refractories, the step-down and fully owned company of IFGL Refractories in the UK (SRL). For use in the iron ...
IN 2023, CHINA'S DOMESTIC IRON ORE PRODUCTION WILL INCREASE BY 8 YEARS Analysts predicted that China's annual iron ore production would reach 290 million tons, an eight-year high, as new capacity came online and the nation's tough COVID restrictions on mining were lifted...
PIPES FROM CORINTH WILL BE USED IN AN UNDERSEA GAS OPERATION IN THE NORTH SEA ONE-Dyas B.V. has given Corinth Pipeworks a contract to supply High Frequency Welded (HFW) steel pipes for the North Sea-based N05-A platform. The biggest privately held exploration and production ope...
AM/NS INDIA RECEIVES FUNDING FOR AN EXPANSION INITIATIVE FROM JAPANESE INSTITUTIONS MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, Limited, Mizuho Bank, Ltd., and Mizuho Bank Europe N.V. have all entered into a USD 5 billion loan agreement (JBIC co-...
NIPPON STEEL WILL CUT ITS USIMINAS SHARE Nippon Steel of Japan announced that it would reduce its ownership of Brazilian steelmaker Usinas Siderurgicas de Minas Gerais (Usiminas) in order to grant Ternium a larger interest in the company. Ac...
NEW ELECTRONIC STEEL PRODUCT WILL BE RELEASED BY U.S. STEEL InduX, a new electrical steel product from United States Steel Corporation (U.S. Steel), will start production at the company's Big River Steel facility in the summer of 2023 following the commissioni...
CANADIAN AUTHORITIES FORBID SHIPMENTS OF RUSSIAN STEEL AND ALUMINUM In an effort to prevent Moscow from being able to finance its conflict with Ukraine, Ottawa claimed that Canada had prohibited the import of all Russian steel and metal goods. The declaration claims t...
