21/ 08/ 2024

Trump won't let Japan buy United States Steel

Trump again vowed to block the deal if voters return him to the White ...

21/ 08/ 2024

SKF decarbonizes production using Austrian and Swiss steel

Steel is a critical raw material for bearings, and to achieve the necessary changes and speed in the decarbonization of bearing ...

08/ 08/ 2024

Giant Chinese investment will boost Hungary's steel industry

China Export and Credit Insurance Corporation (Sinosure) will support Liberty Dunaújváros' transition to low-emission technology at a cost of EUR 1.3 billion (USD 1.4 billion).

06/ 08/ 2024

US Steel Kosice will shut down one blast furnace in August

Slovak steelmaker US Steel Kosice (USSK) plans to shut down one blast furnace (BF) in August for scheduled maintenance, a company spokesman told Fastmarkets on Friday, August ...

28/ 07/ 2024

Global steel production in June 2024 increased by half a percent to 161 million tons.

Steel production in 71 countries reporting data to the World Steel Association (Worldsteel) increased by 0.5% in June 2024 compared to the same period in 2023 - to 161.4 million tons, the association reported ...

28/ 07/ 2024

Porsche downgrades revenue forecast due to aluminum supply problems

The automaker will lose about two billion euros in revenue due to heavy rains in Germany and flooding of the production plant of an important European aluminum ...

28/ 07/ 2024

POSCO reduced steel production while increasing operating profit

South Korean steelmaker Posco reported lower crude steel production and sales in the second quarter due to a blast furnace refurbishment in Pohang, but higher operating ...

28/ 07/ 2024

Contract prices for steel fell in the Czech Republic

Flat-rolled steel producers in Central Europe were forced to make price concessions during recent contract negotiations with Czech buyers for the second half of 2024.

20/ 07/ 2024

US integrated steelmaker Cleveland-Cliffs to acquire Canadian integrated steelmaker Stelco

In its press release, Cliffs stated that the acquisition of Stelco will double Cliffs' presence in the flat-rolled spot ...

20/ 07/ 2024

The Ukrainian rolled metal market grew by 7.7%

For six months of 2024 in Ukraine, the capacity of the domestic market amounted to 1 million 736.4 thousand tons of rolled metal, of which 592.4 thousand tons or 34.12% were imported.

20/ 07/ 2024

The dynamics of steel trade between the US and Mexico will not change in the near future: SDI

SDI does not expect changes in trade dynamics in the near term, despite strong prospects for long-term steel demand from Mexico, according to President and Chief Operating Officer Barry ...

20/ 07/ 2024

Japanese Nippon Steel hired former US Secretary of State Pompeo to take over US Steel

Nippon Steel confirmed the move in a written statement, praising Pompeo's achievements. Pompeo said the US must expand its manufacturing base by working with allies, in a statement also provided by the ...