Trump Meets with US Steel and FedEx CEOs to Discuss Boosting Domestic Industry On February 6, 2025, President Donald Trump held a meeting with the chief executives of US Steel and FedEx , as reported by ABC News. The discussion centered on exploring strategies to enhance domesti...
Liberty Ostrava Steel Plant Put Up for Sale Amid Strategic Restructuring In a notable shift within the regional steel market, the Liberty Ostrava Steel Plant has now been placed on the market for sale. This decision forms part of a broader strategic restructuring aimed at ...
Voestalpine Completes Sale of German Subsidiary Buderus Edelstahl Voestalpine has successfully completed the sale of its German subsidiary, Buderus Edelstahl, marking a significant step in the company’s ongoing strategic restructuring. The divestiture is part of a b...
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...