Ongoing rail logistics problems in South Africa and the worsening energy crisis have significantly increased costs for the business, ArcelorMittal...
Ferrous metallurgy
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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...
Nippon Steel closes Kure plant
Nippon Steel said it was forced to cut production capacity as its customers, including automakers, moved production overseas....
The Belarusian Steel Plant plans to significantly increase steel production
BMZ expects to increase steel production in 2023 by 15% to 2.3 million tons....
New EU sanctions against Russia affect British manufacturers
EU sanctions against Russia could have a significant impact to British processing plants...
US Steel is attracting interest from a Canadian rival it once owned.
Stelco, once called the Steel Company of Canada, has a history of more than 110 years....
Turkish buyers are postponing orders for Russian products and assessing sanctions
The sharp increase in domestic prices for reinforcement in Russia and the strengthening of the ruble have become supporting factors for Russian...
ResponsibleSteel certifies ArcelorMittal plant in Spain
The certification process included an independent audit by the Norwegian company Det Norske Veritas...
Blastr explores a site for the construction of a pellet plant in Norway
Blastr chose the Lutelandet industrial area on the west coast of Norway as a potential site for the construction of the plant...
Construction steel demand in China will be low until the end of 2023
China's infrastructure investment slows down...
Lakshmi Mittal plans to acquire one of the largest steel producers in the US
Management of the world's second largest steelmaker, ArcelorMittal, is discussing a potential offer with investment bankers, Reuters sources...
Liberty Steel prepares Hungarian steel mill Dunaferr to switch to green technology
Just over a month ago, Liberty Steel won the tender to acquire Dunaferr...
Liberty Steel plans to stop the last operating blast furnace at the Hungarian plant
In June, the plant suspended the work of the main rolling mills due to lack of raw materials for steel production...
China's steel sector invests US$100 billion in coal-fired power plants
Steel companies have received permits to build massive amounts of coal capacity despite government pledges to cut carbon emissions...
Emirates Steel ends talks to buy stake in thyssenkrupp
ESA refused to acquire a stake in thyssenkrupp's metallurgical production...
The risk of loss-making assets is growing due to too slow decarbonization of steel production
The transition from coal-based steel production is too slow, according to the US-based NGO Global Energy Monitor (GEM)...
Iran raises export duties on raw materials and semi-finished products
Producers welcomed the new decree, which will significantly affect the export of raw materials...
China Steel raises prices for key products
Taiwan's largest metallurgical company announced that the steel market has reached the bottom of the price and the beginning of the recovery of...
TOP-5 steel companies in the world in 2022
This detailed article will shed light on the world's leading steel companies and the countries in which they are headquartered. We will also...
