Yongjin Technology Group to Invest RMB 2.66 Billion in Green Stainless Steel Project *Yongjin Technology Group Co., Ltd., a stainless steel producer based in China’s Zhejiang Province, has announced plans to invest RMB 2.658 billion (approximately $0.38 billion)* in the construction o...
Vale Targets 2026 Investment Decision on $5 Billion Green Steel Hub in Oman Brazilian mining giant *Vale is moving toward a final investment decision in 2026 on a $5 billion low-carbon steel mega hub in Oman’s Duqm Special Economic Zone*, according to media reports. The proj...
Turkey, Malaysia Move to Diversify Stainless Steel Supply Chains Turkey’s *Stainless Industrialists and Business Association (PASID) has signed a memorandum of understanding with Malaysia-based Bahru Stainless*, aiming to diversify supply sources for the Turkish st...
UK Considers Narrowing Antidumping Probe on Heavy Plate From South Korea The UK’s *Trade Remedies Authority (TRA) is considering narrowing the scope of its antidumping investigation into heavy plate imports from South Korea*, following submissions from exporters and UK imp...
JFE Steel Cuts Fire-Resistant Coating Thickness on H-Beams by 40% Japan’s *JFE Steel has developed a new construction method that reduces fire-resistant coating thickness on H-shaped steel beams by up to 40 percent*, addressing labor shortages and rising constructio...
Trump Threatens 25% Tariff on Countries Trading With Iran US President *Donald Trump announced a blanket 25 percent tariff on all US-bound trade from countries that continue doing business with Iran*, warning that the measure would take effect immediately. T...
Goldman Sachs Forecasts Extended Weak Profitability for Chinese Steelmakers *Goldman Sachs expects Chinese steel producers to face a prolonged period of weak profitability*, citing slow progress in capacity reduction and persistently high export volumes, according to a Bloomb...
Tata Steel UK Begins Enabling Works Ahead of Major EAF Project at Port Talbot *Tata Steel UK has launched extensive preparatory works at its Port Talbot steelworks* as it moves forward with plans to construct *one of the world’s largest electric arc furnaces (EAFs)*, marking a ...
Stegra Signs Multi-Year Non-Prime Steel Supply Deal with Thyssenkrupp Materials Services *Sweden-based Stegra has signed a multi-year supply agreement with Thyssenkrupp Materials Services*, a subsidiary of German steelmaker Thyssenkrupp, to secure deliveries of non-prime steel products ac...
US Finds Zero Dumping Margin but Subsidies in CORE Imports from South Korea The *US Department of Commerce (DOC)* has released preliminary findings from its *antidumping (AD) and countervailing duty (CVD) administrative reviews* of corrosion-resistant steel products (CORE) fr...
US Assigns Zero Preliminary Dumping Margin to Taiwan CORE Imports The *US Department of Commerce (DOC)* has announced the preliminary results of its antidumping duty administrative review on *certain corrosion-resistant steel products (CORE) from Taiwan*. The DOC p...
Hyundai Steel Secures $417 Million Offshore Wind Foundations Contract in South Korea South Korean steelmaker *Hyundai Steel* has won a *KRW 611.5 billion ($416.8 million)* contract to supply foundation structures for the *Shinan offshore wind power project*, according to local media r...
