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Thursday, April 23, 2026

Global Steel News

Iron ore futures ease on mixed fundamentals

Iron ore futures declined on Thursday, snapping a recent upward trend as the market weighed the near-term outlook. Iron ore futures had risen in previous...

Hoa Phat Q1 profit jumps on strong steel sales

Hoa Phat Group reported revenue of over VND 53.3 trillion (USD 2 bln) and net profit of VND 9.06 trillion (USD 344 mln) in...

Hyundai-Posco Louisiana secures gas supply deal from Air Liquide

Hyundai-Posco Louisiana LLC has signed a long-term agreement with Air Liquide for the supply of oxygen, nitrogen and argon to its new low-carbon steel...

Ferrexpo funding push intensifies as liquidity strains

Ferrexpo is pursuing a potential equity capital raise of at least USD 100 mln to support its working capital position, with the board stating...

OEMK implements AI system for metallization process control

Oskol Electrometallurgical Plant (OEMK), part of Metalloinvest, has completed the first stage of implementing industrial artificial intelligence (AI) to control its metallization unit. Metallization units...

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