ArcelorMittal Reports $805 Million Net Profit in Q1 ArcelorMittal, the world's second-largest steelmaker, reported a net profit of $805 million for the first quarter of 2025, marking a 6.3% increase compared to the same period in 2024. The company's re...
Uzmetkombinat Launches Hot-Rolled Steel Production in May Uzbekistan's leading steel producer, Uzmetkombinat, is set to commence operations at its new hot-rolled steel production facility in Bekabad this May. The state-of-the-art complex is designed to produ...
Ukraine Expands Antidumping Probe to Malaysian Imports of Coated Steel and Wire *Ukraine’s Interdepartmental Commission on International Trade* has announced the *extension of its antidumping (AD) investigation* to include imports of *prepainted galvanized steel coils* and *silic...
Olympic Steel Extends $625 Million Credit Facility Through 2030 to Fuel Growth *Olympic Steel Inc.*, a leading U.S.-based steel service provider, has *extended its $625 million asset-based revolving credit facility* until *April 17, 2030*, boosting its financial flexibility for ...
Canada Launches Antidumping Probe into Steel Wire Imports from 10 Countries The *Canada Border Services Agency (CBSA)* has initiated an *antidumping (AD) investigation* into *carbon and alloy steel wire* imports from *10 countries*, suspecting they may be sold in Canada at *u...
Global Crude Steel Production Rises 2.9% in March, Driven by Strong Asian Output *Global crude steel production rose by 2.9% year-on-year in March* to *166.1 million metric tons (mt)*, according to data released by the *World Steel Association (worldsteel)*. Despite the March inc...
India’s BWIL Commissions $65 Million Stainless Steel Wire Capacity Expansion *Bansal Wire Industries Limited (BWIL)* has announced the commissioning of its *expanded stainless steel wire manufacturing capacity*, following a *$65 million investment*. The company’s total install...
EU Signals Readiness to Resume Free Trade Talks with Gulf Nations, Highlights Strategic Ties with Saudi Arabia *April 22, 2025* — The European Union is prepared to *resume negotiations on a Free Trade Agreement (FTA) with Gulf countries*, according to *David McAllister*, Chair of the European Parliament’s Fore...
IMF Rules Out Global Recession, Warns of Slowing Growth Amid Trade Tensions *April 22, 2025* — Despite escalating trade tensions and mounting uncertainty, *the International Monetary Fund (IMF) does not expect a global recession*, according to IMF Managing Director *Kristalin...
Zaporizhstal Invests Over $1 Million in Hot Rolling Equipment Overhaul *April 22, 2025* — Ukrainian steelmaker *Zaporizhstal Iron and Steel Works*, a subsidiary of *Metinvest Holding*, has launched a major *UAH 49 million ($1.18 million)* equipment overhaul in its *hot r...
Vietnam's Steel Sector Sees Strong Q1 Growth in Output and Sales *April 22, 2025* — Vietnam's steel industry kicked off the year with solid gains in both production and sales, according to the *Vietnam Steel Association (VSA)*, signaling a *robust recovery in domes...
India Slaps 12% Safeguard Duty on Flat Steel Imports, Market Impact Seen But Trade to Continue *April 22, 2025* — In a move aimed at protecting the domestic steel industry, *India has imposed a 12% provisional safeguard duty on flat steel imports*, including *hot-rolled coil (HRC), cold-rolled ...
