NEWS

We provide the latest news in steel industry that helps you keep a track on the updates of the industry. Steel Industry news assists you to change your business strategies based on the latest scenario. Our portal brings the latest international Steel News/Global Steel News providing the most important knowledge on the current affairs of the industry. Top News in steel industry gives you a comprehensible picture about the current and future trends in the industry.

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Nippon Steel & Sumitomo Metal Corp, Japan’s biggest steelmaker, is worried that potential U.S. trade action to cut steel imports could flood Asia with products and that the yen’s recent surge may hurt customers such as carmakers. U.S. President Donald Trump said early last week he was considering a range…

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Tokyo Steel Manufacturing Co Ltd , Japan’s top electric-arc furnace steelmaker, said on Monday it will freeze product prices in March after three months of hikes reflecting tight markets as well as rising transportation costs. “The domestic market remains solid with healthy demand from automobile and construction segments,” Tokyo Steel’s…

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JFE Holdings Inc, parent of Japan’s second-biggest steelmaker, plans to spend more than 650 billion yen ($6 billion) over the next three years upgrading domestic production facilities in a bid to raise productivity and competitiveness. A key goal of the capital expenditure plans, outlined by JFE Holdings President Eiji Hayashida…

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Germany’s Thyssenkrupp joined rivals in reporting a strong recovery of its steel business, just weeks before it plans to ink a deal to merge the unit with the European operations of India’s Tata Steel (TISC.NS). The planned joint venture, agreed in principle in September, is a bid to tackle excess…

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ArcelorMittal is competing with a consortium led by Russia’s VTB Group as bids come in for Essar Steel India Ltd., the largest distressed steelmaker being sold under the country’s insolvency process, people with knowledge of the matter said. An Indian unit of ArcelorMittal, the world’s biggest producer of the alloy,…

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China has expressed concerns over excessive protectionism in the steel sector by the United States, and urged it to show restraint in a probe into steel imports, an official with Chinese Ministry of Commerce (MOFCOM) said on Tuesday. Wang Hejun, the head of MOFCOM’s Trade Remedy and Investigation Bureau, made…

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China’s top steelmaking city of Tangshan said on Friday it would extend restrictions on production beyond the end of the winter heating season on March 15. A document on the Tangshan government’s website said the city would draw up a plan to continue some curbs, including on eight central steel…

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Tata Steel Ltd on Friday posted a five-fold rise in third-quarter profit, boosted by strong volume growth in India and increasing steel prices. "Global steel prices have been buoyant with improved trade position in China along with cost push from raw materials," Chief Executive Officer T V Narendran said. bit.ly/2H0Vjkk…

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Numetal Mauritius, a consortium believed to be spearheading the Ruia family's bid to retain Essar Steel, is buying a majority stake in Orissa Slurry Pipeline India that provides for about 50% of raw material supply of Essar Steel's Hazira plant. Numetal Mauritius, which has Russia's VTB Bank as the largest…

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China aims to meet its target for reducing steel production capacity two years earlier than planned, the industry ministry said in a statement on Wednesday, as the world’s top steel producer ramps up its years-long push to reduce excess output. The original plan called for reducing 150 million tonnes of…

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