Iron ore futures remain weak as cautious buying limits recovery
Iron ore futures were largely stable on Monday as weak steel mill profitability, ample supply and cautious buying continued to weigh on the market....
Govt targets 604 mln tons of steel capacity by 2047 under draft policy
India aims to expand crude steel capacity to 604 mln tons per year by 2047 and increase finished steel consumption to 505 mln tons,...
Steelmakers cut rebar capacity as construction slump persists
South Korean steelmakers are reducing rebar production capacity as the prolonged construction downturn weakens demand, while rising raw material and electricity costs continue to...
Hyundai Steel integrates H-beam business under new brand
Hyundai Steel has launched H ONE, an integrated brand covering rolled and welded H-beams, as it seeks to expand its presence in high-value construction...
Nucor to invest USD 105 mln in Indiana utility structures facility
Nucor Corporation plans to invest USD 105 mln to expand production capacity at its Nucor Towers & Structures facility in Crawfordsville, Indiana, to meet...