In August 2024, Kazakhstan's steel production rose by 7.3% year-on-year, reaching 341,940 tons, although it saw a 3.6% decrease compared to July. From January to August, total steel output increased by 9.4% to 2.78 million tons, with flat product production growing 24% to 2.03 million tons.

POSCO and Primetals have announced a partnership to develop a HyREX plant, focusing on hydrogen-based steel production technology.

Egypt’s iron and steel exports fell by 15% from January to August this year, totaling $1.368 billion, with Italy, Spain, and Turkey being the top importers.

Stegra has secured around €100 million from Sweden's Industrial Leap Fund to enhance its green steel production plant in Boden, which will have a capacity of 2.4 million metric tons annually and is expected to commence operations in 2026.

ArcelorMittal successfully removed the Olympic rings from the Eiffel Tower, preparing for winter, while the rings will be recycled into steel beams for its new headquarters in Luxembourg, highlighting the company's commitment to sustainability.

AM/NS India is positioned to meet rising steel demand in India with a focus on expansion and sustainability.

Global crude steel production fell 1.5% y-o-y to 1,251.1 million tonnes (mnt) over January-August 2024, as per worldsteel data.

USM Group plans legal action after Ukraine’s anti-corruption court confiscated 165,000 tonnes of iron ore belonging to its trading arm.

Turkish mills raised prices, but high rates weakened demand, though China’s recovery offers market optimism

India's finished steel imports from China hit a seven-year high, while domestic demand grew but exports dropped significantly.

The U.S. and Mexico introduced stricter import rules to prevent Chinese-made steel and aluminum from bypassing tariffs, aiming to strengthen North American supply chains and protect domestic industries.

Japan and South Korea have initiated anti-dumping measures against Chinese steel amid growing concerns over the impact of cheap imports, with Japan seeking to expand duties and South Korea launching an investigation into stainless steel plates.

Japan, Vietnam, and Taiwan are set to exceed their safeguard duty-free allowances for hot-rolled coil (HRC) exports to the EU by October 1, while the European steel producers' association calls for stricter import restrictions amid record HRC imports this year.

As of August 2024, global steel production showed a decline in some regions and an increase in others, based on data covering approximately 98% of total production from 71 countries.

Tata Steel and the UK Government have signed a £500 million grant agreement for a new Electric Arc Furnace at Port Talbot, representing a £1.25 billion investment aimed at revitalizing the UK steel industry amidst challenging market conditions.

Steel is vital to the UK economy, supporting thousands of jobs across key sectors while facing significant challenges from rising imports and declining competitiveness.