US DOT announces $8.2 billion in funds for new rail projects In a groundbreaking announcement, the None [1] US Department of Transportation's Federal Railroad Administration (FRA) has allocated a staggering $8.2 billion to propel 10 transformative passenger ra...
Sweden-based SKF moves part of its production from South Korea to Mexico Sweden-based global bearing company SKF [1] has recently made strategic adjustments to its production operations by relocating a portion of its automotive bearing manufacturing from its Busan facili...
EUROFER: Recognition of net-zero steel technologies may boost European green market In a significant move, the European Council has incorporated transformative industrial technologies, particularly those focused on decarbonizing energy-intensive sectors like steel, into the list of n...
Value of Canadian building permits up 2.3 percent in October In a promising economic development, Statistics Canada reports a 2.3% surge in the total value of building permits in Canada for the month of October, reaching $11.2 billion. This growth was predomina...
US plates in coil imports up 25.7 percent in October The latest figures from the US Department of Commerce [1] 's final census data report a substantial 25.7% increase in US imports of plates in coil for the month of October 2023. The data showcases a ...
Oman-based Vulcan Green Steel orders DRI plant from Danieli and Tenova In a significant move towards sustainable steel production, Vulcan Green Steel [1] , an Oman-based entity affiliated with the renowned Jindal Steel Group in India, has recently placed an order with I...
Nippon Steel to acquire more global coal and iron ore assets In a recent interview with Reuters, Takahiro Mori, the executive vice president of Nippon Steel Corporation [1] , the world's fourth-largest steelmaker, revealed the company's ongoing efforts to acqu...
China's regulator approves Baowu Group's acquisition of Shangang In a pivotal development for the Chinese steel industry, the State Administration for Market Regulation has officially granted approval for Baowu Group's acquisition of Shandong Iron and Steel Group (...
Nippon Steel to continue supplying OCTG to Brunei's crude oil and natural gas producer In a significant development, Nippon Steel Corporation, in collaboration with Sumitomo Corporation, has finalized an extended contract with Brunei Shell Petroleum Company Sendirian Berhad (BSP) [1] ,...
Hoa Sen Group: Promoted to next level, reached the Top 10 Largest private enterprises in Vietnam in 2023 *On November 17, Vietnam Report Joint Stock Company (Vietnam Report) in collaboration with VietnamNet announced the VNR500 Ranking – Top 500 largest enterprises in Vietnam in 2023. Accordingly, Hoa Se...
Turkey's Borusan Group ends partnership with Salzgitter Mannesmann Turkey's leading industrial player, Borusan Birleşik Boru Fabrikaları Sanayi ve Ticaret A.Ş. [1] , has recently announced a significant strategic shift by acquiring the remaining 23 percent sharehold...
US Steel to idle Granite City mill indefinitely In response to the need to align capacity with its order book, US Steel has made the decision to indefinitely idle the blast furnace at its Granite City mill in Illinois, impacting up to 1,000 workers...
