Wednesday, January 22, 2025
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    Global Steel News

    Iron ore futures extend gains amid positive market sentiment

    Dalian iron ore futures continued to rise on Tuesday, driven by improving fundamentals that boosted market sentiment, despite ongoing concerns about demand. The iron ore...

    Steel usage in manufacturing sector increases in 2024 – CISA

    The proportion of steel used in China's manufacturing sector rose to 50pct in 2024, up from 42pct in 2020, according to Yao Lin, head...

    Marcegaglia UK enhances capabilities with new stainless steel tube lines

    Marcegaglia UK has expanded its manufacturing capabilities at the Oldbury site to include the production of electro-welded stainless steel tubes, complementing its existing carbon...

    BHP’s iron ore production up 1pct in H1 FY25 YoY

    BHP Group reported a slight increase in iron ore production for Q2 FY25, ending 31 December 2024. The company produced 73.1 mln tons, up...

    Iron ore futures see minor uptick on lower shipments from major miners

    Iron ore futures edged higher on Monday as a drop in weekly shipments from major miners to China supported positive sentiment. However, long-term uncertainties...

    AM/NS India to launch new automotive steel production lines at Hazira plant

    ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between ArcelorMittal and Nippon Steel, is set to launch two advanced production lines this year...

    GLGH Steel finalizes agreement to purchase Artrom Steel Tubes

    GLGH Steel, LLC has agreed to acquire Artrom Steel Tubes S.A., a Romanian producer of seamless steel tubes based in Slatina and Resita. The...

    Global long steel market faces mounting pressure – Irepas

    The global long steel products market is under increasing pressure due to weak demand, market protection, and excess capacity, with no positive news from...

    Iron ore futures surge on improved economic data

    Iron ore futures prices rose on Friday, driven by a batch of improved economic indicators that boosted market sentiment. China's December economic data significantly outperformed...

    HBIS launches advanced slab caster at Xuanhua plant

    HBIS Xuanhua Iron and Steel Group, in collaboration with Primetals Technologies, has successfully started up a slab caster with an annual capacity of 1.5...

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