UK government commits £2.5 billion to support transition of steel industry The UK government has committed to providing up to £2.5 billion of funding within the scope of "The Plan for Steel" for the transition of the steel industry to net zero and production of green steel. ...
UAE's EMSTEEL aims to become carbon-neutral by 2050 The United Arab Emirates' (UAE) largest steel producer and market leader, EMSTEEL, formerly known as Emirates Steel, has unveiled its decarbonization strategy in line with the UAE's targets and the Pa...
Argentina complains about steel import tariff in the US The Argentine steel chamber, Acero Argentino (AA), has issued a statement making comments about the 25 percent import tariff imposed by the US for all origins of steel products. According to AA, it un...
Workers union recommend stoppage at Usiminas The Brazilian steel producer, Usiminas, has improved by a minimal margin from its previous proposal for the readjustment of salaries of the 2024-2025 season. The union, SINDIPA, has called a meeting o...
CAAM Reports a 0.6% Decline in China’s Auto Vehicle Sales for January Data from the China Association of Automobile Manufacturers (CAAM) indicates that China’s auto vehicle sales experienced a 0.6% decline in January. Although the decrease is modest, it highlights the c...
Aperam Boosts Stainless Steel Shipments by 4.9% in 2024 Aperam has announced a 4.9% increase in stainless steel shipments in 2024 compared to the previous year, a promising indicator of improved market dynamics and growing global demand for premium stainle...
Alacero hopes to rebuild strategic alliance with US despite tariffs The Latin American Steel Association Alacero has made some evaluations regarding the 25 percent tariffs lately announced by the US on imports of steel and aluminum from all countries. Accordingly, the...
US Steel: Tariffs to position us to pioneer new golden age of US steelmaking United States Steel Corporation (US Steel) has a made statement to SteelOrbis regarding the 25 percent tariffs lately announced by the US on imports of steel and aluminum from all countries. According...
Canada initiates review on heavy plate from Taiwan and Germany The Canada Border Services Agency (CBSA) has announced it has initiated a review to determine the normal values and export prices of certain hot rolled carbon steel heavy plate and high-strength low-a...
Arcelormittal Invests $1.2 Billion in New Alabama Plant to Boost US Steel Production Global steel giant Arcelormittal has announced a major investment of $1.2 billion in the construction of a new production facility in Alabama. This strategic development is expected to significantly e...
Pig Iron Prices at Black Sea Ports Fall to Their Lowest Level Since 2020 Recent market data indicates that pig iron prices at Black Sea ports have dropped to the lowest levels recorded since 2020. This significant decline is attributed to a combination of factors, primaril...
Majority Shareholder Liquidates Polymer Rolled Steel Producer Heavy Metal In a surprising development, the majority shareholder of Heavy Metal - an established producer of polymer rolled steel—has decided to liquidate the company. This decision, driven by strategic realignm...
