Hyundai Steel's $6 Billion U.S. Investment Faces Investor Scrutiny Hyundai Steel's announcement of a $6 billion investment in a new U.S. plant has drawn criticism from investors concerned about the lack of detailed funding plans and strategic clarity. The investment ...
British Steel Halts Redundancy Plans Following Government Intervention British Steel has announced the cessation of its consultation on up to 2,700 redundancies after the UK government intervened to stabilize operations. The government's emergency legislation allowed for...
Thailand Moves to Phase Out Polluting Steel Production Technology Thailand's Ministry of Industry has announced plans to eliminate the use of outdated induction furnace (IF) technology in steel production. This decision stems from concerns over environmental polluti...
Fire Erupts at ArcelorMittal Facility in Contrecoeur, Quebec A fire broke out at ArcelorMittal's industrial site in Contrecoeur, Quebec, located northeast of Montreal. The incident occurred early Sunday morning, prompting emergency response teams to the scene....
Tata Steel Commits £1.25 Billion to Overhaul Port Talbot Plant Tata Steel has announced a significant investment of £1.25 billion to modernize its Port Talbot steelworks in South Wales. The project involves transitioning from traditional coal-fired blast furnaces...
EMSTEEL Boosts Innovation Investment by 127% (2020–2024) EMSTEEL, a leading steel and building materials company in the Gulf region, has reported a 127% increase in spending on innovation and development between 2020 and 2024. This substantial investment re...
U.S. Introduces New Port Fees on Chinese-Built Ships Amid Trade Tensions In a move to bolster domestic shipbuilding and address concerns over China's dominance in maritime logistics, the U.S. government has announced new port fees targeting Chinese-built and operated vesse...
Salzgitter Secures Supply Deal for Angola's Drinking Water Revamp Salzgitter AG, a prominent German steel manufacturer, has secured a contract to supply spiral-welded large-diameter steel pipes for Angola's Quilonga Grande project. This initiative aims to revamp the...
U.S. Imposes New Port Fees on Chinese Ships Amid Escalating Trade Tensions *WASHINGTON D.C., April 17* — The *Trump administration has announced new port fees targeting Chinese-owned and operated ships*, marking a significant escalation in the ongoing U.S.–China trade disput...
Trump Downplays Role of Nippon - U.S. Steel Deal in Bilateral Trade Talks During a recent press appearance, President Donald Trump expressed skepticism about incorporating the controversial Nippon Steel acquisition of U.S. Steel into formal trade negotiations with Japan. Hi...
Steel Structures Market Expands in Ukraine as Reconstruction Accelerates Ukraine's construction sector showed significant resilience in 2024, with domestic consumption of steel structures rising 15% year-over-year to reach 91,000 tons. This surge is closely tied to the cou...
British Steel on the Market: UK Government Seeks Strategic Buyer Amid Crisis The UK government has officially begun a search for a new owner for British Steel, signaling its commitment to preserving steel production capacity at the Scunthorpe plant. The move comes after prolon...
