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Friday, July 31, 2026

Global Steel News

Iron ore futures hit one-year low on mounting supply, weak steel demand

Iron ore futures extended losses on Thursday, falling to their lowest level since early July 2025 as rising port arrivals, mounting inventories and weak...

Voestalpine opens special profiles production facility in Indiana

Austrian steelmaker Voestalpine has officially opened a new production facility in Jeffersonville, Indiana, following an investment of approximately EUR 70 mln (USD 80 mln)...

Salzgitter advances HKM decarbonization with new EAF

Salzgitter AG has awarded a contract to Italy's Tenova to supply, install and commission Germany's largest electric arc furnace (EAF) at its subsidiary Huttenwerke...

ArcelorMittal reports higher Q2 EBITDA, expects stronger European shipments

ArcelorMittal reported improved second-quarter earnings and said it expects stronger steel shipments in Europe during the second half of 2026, supported by the European...

Iron ore futures edge lower on weak fundamentals

Iron ore futures edged lower on Wednesday as high port inventories and sluggish seasonal steel demand continued to weigh on sentiment. Market insiders said iron...

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