German Chancellor Declares Green Steel Transition Inevitable In a recent announcement, the German Chancellor has stressed that the transition to green steel is not only necessary but inevitable. Amid mounting climate concerns and the imperative to meet ambitiou...
EU Prepares Strategic Response to Counter US Protectionism In a decisive move to protect its economic interests, the European Union is preparing a coordinated strategy to counter recent protectionist measures imposed by the United States. With the US increasi...
JSW Steel and JFE Complete Acquisition of Thyssenkrupp's Electrical Steel Business in India JSW Steel and JFE have finalized the acquisition of Thyssenkrupp’s Electrical Steel business in India, marking a significant strategic consolidation in the high-performance steel sector. This deal pro...
Global Stainless Steel Production Climbs 5.4% in January–September 2024 Recent industry data shows that global stainless steel production increased by 5.4% year-on-year during the January–September 2024 period. This growth underscores a solid recovery in the stainless ste...
ArcelorMittal Kryvyi Rih Expands Billet Portfolio for Export Markets Ukraine’s *ArcelorMittal Kryvyi Rih* has announced an expansion of its *billet product range* to better serve international markets. The company has started producing *125x125 mm and 130x130 mm billet...
Euro Area Inflation Accelerates to 2.5% in January In January, inflation in the Euro Area climbed to 2.5% year-on-year, marking a noticeable acceleration in price rises compared to previous months. This increase signals growing cost pressures across v...
South African Government Intervenes to Prevent Closure of ArcelorMittal South Africa Plants In response to mounting concerns over the potential shutdown of major ArcelorMittal South Africa facilities, the South African government is taking decisive action to secure the future of the nation’s...
US Duties on Steel and Aluminum Imports to Impact Millions of Tons, Raising Industry Concerns In a decisive move to support domestic manufacturing, the US government has imposed new tariffs on steel and aluminum imports. According to a recent report by GMK Center, these tariffs are expected to...
Blastr Green Steel Secures Funding to Pioneer Hydrogen-Powered, Low-CO Steelmaking Blastr Green Steel has recently announced that it has secured significant new funding aimed at advancing its hydrogen-powered, low-CO steelmaking technology. This innovative approach is designed to re...
Vietnam Steel Major SMC Faces Risk of Compulsory Delisting Amid Financial Decline A recent report by The Investor has brought to light significant financial challenges facing SMC , one of Vietnam Steel’s major players, putting the company at risk of compulsory delisting from the st...
Hamilton’s Local Steel Industries Struggle Amid Escalating Trade War A recent CBC report highlights the significant impact of the global trade war on Hamilton’s local economy. Key industries, particularly the steel sector, are facing mounting challenges as increased ta...
Escalating Trade Dispute: U.S. Imposes Tariffs on Canada, Mexico, and China as Canada and Mexico Retaliate In a significant move amid rising trade tensions, U.S. authorities have officially imposed tariffs on imports from Canada, Mexico, and China. The decision, aimed at countering what officials describe ...
