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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Brazilian steelmaker Gerdau SA plans to reactivate its mini-mill in Mogi das Cruzes in March due to the recovery of the local auto industry, according to a statement on Thursday. That will bring online 375,000 tonnes of special steel capacity, in addition to about 1 million tonnes of installed capacity…

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Demand for next-generation lifts and car components enabled Thyssenkrupp (TKAG.DE) to report its highest annual order intake in five years as the German firm slowly exits steelmaking. Thyssenkrupp is in the middle of a major shift under Chief Executive Heinrich Hiesinger towards technology and away from the more volatile steel…

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Union Steel Minister Birender Singh today said the SAILBSE -1.45 % and ArcelorMittal will sign an MoU for forming a joint venture to set up a 1.5 million tonne per annum auto-grade steel plant, in the next few days. "There is (will be) a JV between SAIL and Arcelor Mittal.…

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Nucor Corporation (NYSE: NUE) announced today that it will build a rebar micro mill in Sedalia, Missouri, about 90 miles east of Kansas City. Following its approval by the Missouri Development Finance Board, the project was formally announced at an event with Governor Eric Greitens held at Lowell Mohler Assembly…

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Chinese steel futures rose for a third straight session on Wednesday, supported by leaner supply and expectations that consumption in the world’s top user would recover when production cuts are lifted after winter. Prices of steelmaking raw materials iron ore and coking coal also advanced, with coking coal hitting a…

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Labor representatives have piled pressure on Thyssenkrupp (TKAG.DE) in talks over the group’s planned European steel joint venture with India’s Tata Steel (TISC.NS), saying they remained concerned over jobs and plants. Thyssenkrupp and Tata Steel in September announced plans for a joint venture that would create Europe’s second-largest steelmaker after…

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Chinese rebar steel futures climbed 2 percent on Tuesday, gaining for a second straight day on expectations that demand in the world’s top consumer would bounce back sharply when production curbs are lifted after winter. Chinese steel mills, mainly across the country’s north, have been ordered to curb output during…

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Magnitogorsk Iron and Steel Works has won an award for the Main Event in the Russian Steel Industry 2017. This award was given to MMK in recognition of the construction project for the continuous hot-dip galvanising unit No 3, which was implemented in July of this year. The awards ceremony…

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Tokyo Steel Manufacturing Co Ltd , Japan’s top electric-arc furnace steelmaker, said on Monday it would raise its product prices in December by up to 4.8 percent due to tight market conditions at home and abroad. The company will boost prices of all its products in December by 3,000 yen…

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Chinese steel futures fell for a third day on Friday, with demand in the world’s top consumer of the metal expected to slow over winter and as the economy cools. China’s industrial output, fixed asset investment and retail sales missed expectations for last month, raising concerns that falling property investment…

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