ArcelorMittal Kryvyi Rih Aims to Break Even Amid Challenges ArcelorMittal Kryvyi Rih, Ukraine's largest steel producer, is striving to achieve a break-even point in its operations amidst ongoing challenges. The company has been navigating the complexities of o...
Post-War Recovery to Boost Steel Consumption in Ukraine Ukraine's post-war reconstruction efforts are expected to significantly increase domestic steel consumption, shifting the industry's focus from exports to meeting internal demand. Prior to the war, ap...
Egypt Launches Safeguard Investigation into Hot-Rolled Steel Imports Egypt has initiated a safeguard investigation into imports of hot-rolled flat products, including HRC and HRFS, following complaints from local producers about a surge in imports causing significant h...
Ferrexpo Ready to Meet EU Demand for DR Pellets Ferrexpo, a Ukrainian iron ore producer listed on the London Stock Exchange, has announced its readiness to supply high-quality direct reduction (DR) pellets to European steelmakers. Acting Chief Mark...
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...
