Baosteel observes a departure of iron ore prices from fundamental factors In a notable declaration, leading Chinese steel producer Baosteel [1] has highlighted a divergence in iron ore prices from the underlying fundamentals of supply and demand dynamics. Expressing conce...
Bolivia's El Mutun steel complex makes swift strides in construction progress In a recent update, Jorge Alvarado Rivas, the president of Empresa Siderurgica de Mutun (ESM) in Bolivia, revealed significant strides in the construction of the El Mutun iron ore and steel complex. R...
Deacero partners with Danieli for cutting-edge scrap shredding technology In a strategic move to bolster its recycling capabilities, Mexican long steel producer Deacero [1] has recently placed an order for five state-of-the-art scrap shredders from renowned Italian plantm...
Revitalizing operations: Nucor invests $280 million in Alabama plate mill modernization Nucor Corporation [1] , a leading steel and steel products manufacturer, has unveiled ambitious plans for a $280 million modernization initiative aimed at enhancing its steel plate mill in Tuscaloosa,...
ArcelorMittal ceases production activities at Brazilian facility In a significant move reflecting the challenges posed by an influx of imported steel, Jefferson De Paula, the president of ArcelorMittal's Brazilian [1] division, recently announced the suspension o...
Green hydrogen ventures: Suez Canal Economic Zone teams up with Chinese investors In a significant development, the Suez Canal Economic Zone (SCZONE) [1] has inked agreements worth $15.6 billion with Chinese investors, focusing on 11 manufacturing and green hydrogen projects, as ...
Industrial collaboration: Piombino positioned as the probable base for Metinvest-Danieli's mill in Italy Piombino is increasingly likely to serve as the Italian base for the construction of Metinvest-Danieli's new mill, following the elimination of San Giorgio di Nogaro as a potential candidate. Reports ...
India's economic outlook: Morgan Stanley predicts 6.5% GDP growth for current and upcoming Years India's economic trajectory is poised for a 6.5 percent gross domestic product (GDP) growth in the fiscal years 2023-24 and 2024-25, as indicated by the India Economic Outlook report unveiled by Morg...
Mexican HDG consumption rises 17.5 percent in September Hot-dipped galvanized sheet (HDG) consumption in Mexico exhibited a consistent upward trend, marking its fourth consecutive annual surge in September at 17.5 percent year-over-year, reaching 403,000 m...
Rio Tinto partners with Germany's TAKRAF for state-of-the-art iron ore crushing and handling system Germany-based TAKRAF GmbH [1] , a subsidiary of Italy's Tenova, has recently finalized a significant agreement with Australian iron ore powerhouse Rio Tinto, marking a pivotal moment in equipment sup...
Contrasting trends: ArcelorMittal's Q3 revenues dip amid positive projections for steel demand Luxembourg-based ArcelorMittal, the world's leading steelmaker, has disclosed its financial performance for the third quarter and the initial nine months of the current year, revealing a nuanced pictu...
Surge in steel demand: Mexico records a 21.8% increase in consumption for September In September, Mexico experienced a remarkable 21.8 percent year-over-year surge in steel consumption, reaching a substantial 2.72 million metric tons, marking the 11th consecutive annual increase and ...
