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ArcelorMittal agrees to buy 28% of Vallourec shares

ArcelorMittal has agreed to acquire 28.4% of French pipe maker Vallourec for approximately 955 million euros ($1.09 billion)...

EU imports record amounts of Chinese-made steel

Import of cast iron and steel reached in 2023 3.77 million tons, the highest tonnage since 2016...

Global steel production fell by almost 2% in January 2024

The drop was mainly due to a decrease in smelting in China and other Asian countries. The largest growth was demonstrated by the countries of the...

Thyssenkrupp will supply Siemens with low-CO2 electrical steel

Siemens Energy will produce 700 transformers from Thyssenkrupp steel at its plant in Weiz in Austria....

Thyssenkrupp announces tender for hydrogen supply for DRI plant

The first use of hydrogen in factories is planned for 2028....

Von der Leyen proposes exporting green steel from Mauritania to the EU

European business mission will visit Mauritania in March to explore investment opportunities...

Eurofer has lowered its forecast for steel consumption in 2024

With weak steel demand in 2023, the market share of imports in total consumption in Europe remained high....

Tata Steel resumes operation of blast furnace No. 6 in the Netherlands

Tata Steel re-ignites the IJmuiden blast furnace...

Ukrainian exports of steel semi-finished products and billets continued to fall in 2023

Exports of steel billets and semi-finished steel products from Ukraine in 2023 decreased by another 36% after a fall of 72% in 2022....

Czech steelmaker Liberty Ostrava's restart postponed

The timing of the restart of the plant of the Czech steel producer Liberty Steel Ostrava is still unclear, since the issue of debts has not been...

Global stainless steel production increased by 2.5%

The World Stainless Steel Association released data for the first nine months of 2023 showing stainless steel production rose 2.5% year over year to...

ArcelorMittal increases steel coil prices by 50 euros to 800 euros per tonne

The move comes as contract negotiations continue with automakers and the wider supply chain, with most factories trying to secure contract extensions...

The German company Wuppermann and the Turkish company Galva Metal have terminated their partnership

Collaboration that lasted more than 10 years has been terminated...

Turkish conglomerate buys Spanish pipe manufacturer

The Turkish company has increased its global pipe production capacity to more than 3 million tons per year...

Thyssenkrupp Materials sells Spanish division of Arania

Thyssenkrupp Materials Processing Lamincer was founded in 1986 in Munguia...

Biden extends EU tariff exemption on steel and aluminum for 2 years

The Biden administration wants to continue negotiations on measures to address excess capacity and low-carbon production....

The EU confirmed the extension of the quota for Russian slabs until 2028

They included restrictions on the import of certain ferroalloys and cast iron....

Nippon Steel agrees to buy US Steel for almost $15 billion

After the deal was announced, US Steel shares rose, while Nippon shares fell...

ArcelorMittal shuts down steel production in South Africa and lays off 3,500 workers

Ongoing rail logistics problems in South Africa and the worsening energy crisis have significantly increased costs for the business, ArcelorMittal...

Liberty Steel blast furnaces in Europe continue to remain idle

Sanjeev Gupta's metallurgical company has stopped its smelting units in Romania and the Czech Republic and does not yet see the possibility of...

Thyssenkrupp announced a $2.3 billion impairment of its steel division

Shares of the industrial conglomerate still rose 5% and reached the top of the Frankfurt mid-cap index...

ArcelorMittal announced its entry into the additive manufacturing market

ArcelorMittal is building an industrial-scale atomizer in Spain to produce high-quality steel powders for various additive manufacturing technologies....

Spanish steelmaker Acerinox's net profit halved due to weak steel market

Weaker demand in Europe this year due to economic uncertainty and higher interest rates has weighed on steel company earnings, which hit record...

China's overcapacity problem returns

For most of 2023, Chinese steelmakers increased steel production...

Liberty Steel suspends iron production in Europe

Unions are concerned about the situation and are calling on the company and government officials to meet to clarify its financial position and plans...

In the first 6 months of 2023, global stainless steel production decreased by 1.7%

According to a preliminary estimate by the World Stainless Association, during the first half of 2023, metallurgical enterprises around the world...

US steel mills raised minimum prices for cold-rolled steel

Less than a month after the September price increase in the United States, the minimum prices for cold-rolled steel are again being revised - now at...

Worldsteel appoints Nucor's Leon Topalian as Chairman of the Board

Crude steel production in the 63 countries tracked by worldsteel rose 0.2% year-on-year to 1.26 billion tonnes in January-August....

NLMK Belgium proposes to suspend sanctions against Russian slabs

NLMK Belgium Holdings asks the EC to extend for four year, exemption from EU sanctions on Russian slabs in exchange for “green” investments...

EU approves Liberty Steel's purchase of Hungarian Dunaferr plant

In June, Liberty won the auction to acquire insolvent Hungarian steelmaker Dunaferr...

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