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Thursday, April 2, 2026
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Global Steel News

Iron ore edges higher on demand optimism

Iron ore futures rose on Wednesday, supported by cautious optimism over demand recovery despite ongoing headwinds. A steady recovery in Chinese steel production continued to...

Baosteel achieves output, cost targets at Fastarc EAF in Shanghai

Baosteel has achieved key production and cost targets at its Fastarc Zerobucket electric arc furnace (EAF) in Shanghai, with monthly output exceeding 100,000 tons...

SAIL to modernize Durgapur billet casters

SAIL's Durgapur Steel Plant (DSP) has awarded SMS group a turnkey contract to modernize its two 6-strand billet casters in Durgapur, West Bengal, as...

Mesabi Metallics secures financing as Minnesota DR pellet project nears completion

Mesabi Metallics, backed by India's Essar Group, has secured a USD 520 mln senior secured credit facility as it advances its iron ore project...

UMB Steel to restart Otelu Rosu plant with new meltshop project

UMB Steel will restart its Otelu Rosu plant in Romania with the development of a new meltshop, supported by technology supplier Sarralle, as part...

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