German steel distributor Knauf Interfer has acquired a majority stake in the H. D. Lenzen Group, based in Hagen. It is thereby strengthening its Steel division by expanding its portfolio in strip finishing, Kallanish hears from the company.

Iron ore is the major commodity most exposed to China, given that the world’s second-biggest economy buys more than 70% of all seaborne volumes, which it uses to produce just over half of global steel.

Understanding the United Kingdom will meet these requirements, the United States will promptly construct a quota at most favored nation (MFN) rates for UK steel and aluminum and certain derivative steel and aluminum products.

Brazil’s largest steelmaker Gerdau announced on Tuesday it had canceled US $600 million in investment in Mexico, citing uncertainty following the 25% tariffs imposed by U.S. President Donald Trump on steel and aluminum imports.

POSCO Holdings and LG Chem have formed a consortium with institutions such as the Korea Research Institute of Chemical Technology and North Gyeongsang Province for this project. The CCU consortium proposed the Pohang Steel Mill as a demonstration site, which was approved by the Ministry of Science and ICT in October last year.

The amount of working capital provided for British Steel to date stands at £94 million, which is considerably less, of course, than if we had given a large amount of money to Jingye, or if we had to deal with the complete loss of the entire British Steel site and business.

Şirkətimiz 2025-ci ilin aprel ayında, başda MENA bölgəsi olmaqla, Amerika, Avropa, Afrika və Türkiyədən daha çox əlavə dəyərli məhsullara yönəlmiş ümumilikdə 55.089.081 ABŞ dolları həcmində polad profil sifarişi almışdır.

With the new furnace, we will be reducing our energy requirements for slab heating in the hot flat steel area by up to 30%. This is another significant step towards reducing the CO2 footprint of flat steel products,” says Thomas Routschek, operations director at Salzgitter Flachstahl.

As of 6 May, India-origin HRC offers were unchanged week-on-week at $650-660/tonne cfr Antwerp or Bilbao ports, or $595-605/t fob Mumbai, for S235 grade HRC, June/July shipment. Prices could be negotiated down to $640/t cfr. Comparatively, other Asian-origin offers to the EU ranged between $570-580/t cfr EU ports, while southern EU domestic HRC transaction prices were at €630/t ($714/t) delivered last week.

The EU’s Carbon Border Adjustment Mechanism (CBAM) and rising carbon taxes in Southeast Asia are pushing steelmakers to reduce emissions. For example, Singapore’s carbon tax is set to rise to $45/tonne by 2026.

The company stated in a statement to the Egyptian Exchange that sales from the Bahariya Oasis mines during March amounted to EGP 130.98 million.

The initial ban led to a positive shift in the industry, with existing production facilities for semi-finished products, such as square billets, being reoriented towards deeper processing. This strategic move resulted in an increase in rebar exports by nearly 30,000 tons.

Local rebar in the retail market is at KD 176-178/t delivered against LC at sight, while mills’ sales prices to traders are at KD 173-175/t, with the low end of the range for quantities above 10,000 tonnes.

Steel products must be excluded from Immex to close possibilities that allow Chinese products to enter Mexico under unfair competition conditions, and which are then re-exported to the US through third-party countries

China's biggest listed steelmaker, Baoshan Iron & Steel Co, said a nationwide output cut was likely this year and flagged external pressures on an industry that is already grappling with overcapacity and faltering demand.

Ən böyüyü 130 min nəfər tutumlu olmaqla, yeniləmələrlə birlikdə ümumilikdə 38 stadion inşa olunacaq. Bununla yanaşı, infrastruktur yenilənir, yollar çəkilir və sürətli qatar layihələri davam edir. Türkiyəli  podratçılar ilə yanaşı, polad sektorumuzun da bu hərəkətlilikdən pay alacağını düşünürük.

In January-February 2025, the European Union reduced imports of direct reduced iron (DRI) by 30.9% compared to the same period in 2024, to 408.14 thousand tons. This is according to GMK Center’s calculations based on Eurostat data.

World crude steel production for the 69 countries reporting to the World Steel Association (worldsteel) was 166.1 million tonnes (Mt) in March 2025, a 2.9% increase compared to March 2024.

The new blooming mill, which will have a production capacity of 70,000 tpy of round bars and billets from 35 to 220 mm dia, will enrich the product mix and operational flexibility at the historic plant in Fagersta, Sweden, making it unique once again.

The USD 5.8 billion Louisiana EAF integrated steel mill will specialize in producing high-quality next-generation automotive steel sheets and will provide an annual production capacity of 2.7 million metric tons of hot-rolled and cold-rolled steel sheets once operations commence in 2029.

And the outlook on business this year is not very optimistic either, say 60% of the poll participants. The typical customer base, including mechanical engineering, automotive, electrical and construction industries, remains reserved in placing orders. As a consequence, almost 60% are cutting jobs or are working short-time, says IBU director Bernhard Jacobs.

Al Gharbia Pipe Company (AGPC), an Abu Dhabi-based producer of longitudinally submerged arc welded (LSAW) steel pipes, has achieved a major production milestone of 500,000 tons from its factory in Khalifa Industrial Zone Abu Dhabi (KIZAD).

South Korea's Hyundai Motor, opens new tab Group said on Monday that it has signed a memorandum of understanding with Posco Holdings, opens new tab for cooperation on its planned U.S. steel plant.

The fire began around 4 a.m. among scrapped vehicles on the site, according to the city of Contrecoeur, where the company has several steel facilities. The community is located about 50 kilometres northeast of Montreal on the south shore of the St. Lawrence River.