US raw steel production up 0.9 percent week-on-week According to the American Iron and Steel Institute (AISI) [1] , in the week ending on June 24, 2023, US domestic raw steel production was 1,758,000 net tons while the capability utilization rate was ...
The European Commission grants €280 million to support ArcelorMittal's decarbonization Under EU State aid regulations, the European Commission has granted approval to a Belgian initiative worth €280 million aimed at supporting ArcelorMittal Belgium [1] (referred to as 'ArcelorMittal')...
POSCO and Oman Set to Finalize $6.7 Billion Green Hydrogen Agreement According to sources, an international consortium led by POSCO [1] has successfully secured a $6.7 billion contract to establish a green hydrogen production facility in Duqm, Oman. This ambitious pr...
Turkey's CRC imports up 26.8 percent in January - April According to data from the Turkish Statistical Institute (TUIK) [1] , Turkey's cold rolled coil (CRC) imports in April of this year decreased by 10.9 percent compared to the previous month, amounting...
Gerdau inaugurates new caster at Brazilian special steel plant Gerdau [1] , a leading steel producer in Brazil, has proudly announced the successful launch of a cutting-edge continuous caster for special steel blooms and billets at its Pindamonhangaba plant in Sã...
Vietnam's Steel Exports Surge by 10.4% in January - May According to the latest data released by Vietnam's General Department of Customs [1] , the steel exports of Vietnam witnessed a significant increase in May this year. The total amount of steel export...
Mexicana Aceroteca to Inject $10 Million into Texas Steel Processing Center Aceroteca [1] , a Mexico-based steel distributor and processor located in Nuevo Leon, has seized a lucrative business opportunity by partnering with two other entities to invest $10 million in a state...
Greenate: POSCO's groundbreaking low-carbon Steel brand launches in South Korea POSCO [1] , South Korea's leading steelmaker, introduced its pioneering low-carbon steel brand, Greenate, on Sunday. Greenate encompasses a range of distribution-type products that have undergone cert...
HBIS Achieves Historic Milestone: Producing DRI with Over 60% Hydrogen HBZX High Tech, a subsidiary of Hebei Iron & Steel Group (HBIS) based in China, Achieves Historic Milestone as First Steelmaker to Produce Direct Reduced Iron (DRI) with Over 60% Hydrogen. In an excit...
Brazil Commits to Financing Steel Plate and Pipe Exports to Argentina Following a recent meeting between the presidents of Brazil and Argentina [1] in Brasilia, the Brazilian Ministry of Foreign Relations (MRE) has released a statement highlighting significant progres...
Duferco to start production at new Beam Rolling Mill in Italy in mid-June According to media reports, Duferco Travi e Profilati , a beam producer based in Italy and a subsidiary of Luxembourg-based Duferco , is scheduled to commence production in mid-June this year at its n...
US Raw Steel production Up 0.5 Percent Week-on-week The American Iron and Steel Institute (AISI) reported that in the week ending on May 27, 2023, the United States produced 1,737,000 net tons of raw steel domestically, with a capability utilization ra...
