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Sunday, May 3, 2026

Global Steel News

U.S. Steel to invest USD 1.9 bln in DRI facility at Big River site

United States Steel Corporation plans to invest USD 1.9 bln to build a new direct reduced iron (DRI) facility at its Big River Steel...

Hyundai-POSCO JV advances Louisiana steel project with power agreement

Hyundai Steel, together with POSCO, has advanced its planned US steel investment through its joint venture Hyundai-POSCO Louisiana Steel (HPLS), following the signing of...

ArcelorMittal reports lower Q1 profit, higher revenue

ArcelorMittal, one of the world's largest integrated steel and mining companies, announced results for the first quarter of 2026, reporting lower profit but higher...

Iron ore futures rise on upbeat PMI data

Iron ore futures rose in the last session before the holidays on Thursday, supported by firm steel demand and stable manufacturing activity in China. China's...

Baosteel Q1 profit declines 8.6pct YoY

China's Baoshan Iron & Steel Co. reported weaker profitability in the first quarter of 2026, with net profit attributable to shareholders falling 8.6pct YoY...

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