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 ...
Jianlong Group's bold move: RMB 1.26 billion invested in Xining Special Steel expansion Beijing Jianlong Group has unveiled plans to invest RMB 1.26 billion ($0.18 billion) in the acquisition of Xining Special Steel Co., Ltd. , a Chinese special steel producer based in Qinghai Province. ...
Tenaris Saudi Steel Pipes secures $28 million deal to supply pipes to Uruguayan subsidiary TenarisSaudiSteelPipes [1] , formerly known as Saudi Steel Pipe Co. (SSP) and based in Saudi Arabia, has recently revealed its agreement with Tenaris Global Services, a subsidiary of the Luxembourg-ba...
Doosan Group to invest $300 million in Mexico for equipment production Doosan Group [1] , a prominent South Korea-based industrial conglomerate, has unveiled plans to invest $300 million in Mexico, with the aim of manufacturing a range of equipment, including loaders, ex...
