Canadian Steel Industry Reels from US Policy Shift: Firms Call It a “Stab in the Back” Recent reports reveal that the Canadian steel industry is facing significant turmoil following a series of US policy changes that many in the sector have harshly criticized as a “stab in the back.” Th...
Qatar Steel and Bahrain Steel Sign $1,266 Billion Raw Material Supply Deal to Strengthen Regional Supply Chains In a major development for the Middle Eastern steel sector, Qatar Steel and Bahrain Steel have finalized a strategic raw material supply agreement valued at 1,266 billion. This landmark deal is design...
Global Hot-Rolled Coil Prices Continue Rising Since Year’s Start Recent market analysis reveals that hot-rolled coil (HRC) prices have experienced a consistent increase in most global markets since the beginning of the year. This upward trend is largely driven by t...
Nucor raises HRC prices for the third time since the beginning of the year US steelmaker Nucor has announced its third price increase for Hot-Rolled Coil (HRC) products since the start of the year, underscoring the persistent volatility in the steel market. This latest adjus...
Nissan to Boost Green Steel Usage Fivefold in Japan to Accelerate Sustainable Manufacturing Nissan has announced an ambitious plan to significantly enhance its commitment to sustainability by increasing its use of green steel in Japan by five times. This strategic initiative is designed to t...
Ukraine’s Steel Producers Contribute 6.2 Billion UAH in Taxes and Fees Over Five Years Recent data reveals that Ukraine’s steel industry has made a significant fiscal contribution by paying 6.2 billion UAH in taxes and fees over the past five years. This figure underscores the critical ...
EU Steel Industry Losing Ground in the Global Market: A Closer Look A recently released infographic highlights a concerning trend: the EU steel industry is gradually losing its competitive position in the global market. The data paints a stark picture of the challenge...
Kametstal to Invest Over UAH 2.5 Billion in Production Modernization in 2025 Kametstal, a leading player in Ukraine’s steel industry, has revealed an ambitious plan to invest more than UAH 2.5 billion in modernizing its production facilities throughout 2025. This strategic ini...
Czestochowa-Based Pipe Producer Rurexpol Suspends Production Amid Ongoing Challenges Rurexpol, a key player in the pipe manufacturing sector in Czestochowa, has officially suspended production following an extended period of operational difficulties. This development underscores the m...
Fortescue Acquires Majority Stake in Red Hawk, Expanding Its Mining Portfolio Fortescue, a global leader in the mining industry, has successfully completed the acquisition of a majority stake in Red Hawk. This strategic deal represents a significant expansion of Fortescue’s ass...
Vale Secures Full Control of Baovale Iron Ore Project in Brazil Vale, the Brazilian mining giant, has solidified its control over the Baovale iron ore project by acquiring the remaining 50% stake previously held by its Chinese partner, Baoshan Iron & Steel (Baoste...
ArcelorMittal to Invest Up to 696 Million in Brazilian Tubarão Plant to Enhance Sustainability and Efficiency ArcelorMittal has announced plans for a substantial investment, ranging from R$ 3.8 billion ($633 million) to R$ 4 billion (up to $696 million), in its Tubarão plant in Brazil by 2030, signaling a sig...
