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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Tokyo Steel Manufacturing Co Ltd , Japan’s top electric-arc furnace steelmaker, said on Tuesday it would raise its product prices for a second month in October due to higher overseas prices and a tight domestic market. The company will boost prices on all its products in October by 3,000 yen…

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China's steel output is expected to grow 3 percent to 5 percent in 2017 compared with last year, said a trade body official on Saturday, despite the closure of small outdated mills as surging prices prompted larger players to turn out more metal. The world's largest steel producer will make…

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JSW Steel Ltd, India’s biggest local steelmaker, aims to be producing 80 percent of the iron ore needed for its flagship plant in south India in three years time as it seeks to cut costs, a senior executive said. The company expects to begin producing ore from mines it won…

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Iron ore is facing renewed pressure and risks sliding back into the $60s, as China’s economy shows signs of cooling and global mine supply increases, while planned steel capacity cuts in the world’s biggest consumer this winter could further cut demand. Ore with 62% content in Qingdao fell 2.5% to…

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Gränges, a leading global supplier of rolled aluminum products for heat exchanger applications and other niche markets, will invest $110 million to expand its aluminum rolling operations in Huntingdon, Tennessee. “The expansion in Huntingdon marks the next step in our strategic growth plan for the North American market. Gränges has…

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Germany’s Economy Minister urged management at Thyssenkrupp (TKAG.DE) to seek an agreement with its workers over plans to merge the group’s European steel operations with those of Indian peer Tata Steel (TISC.NS). A joint venture with Tata Steel is the preferred option of Thyssenkrupp Chief Executive Heinrich Hiesinger to restructure…

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China’s top steelmaker China Baowu Steel Group, formed in a mega merger last year, has its sights set on more deals with smaller smelters amid a government drive to consolidate the market, the official China Daily reported on Thursday. China is driving a major campaign to rationalize its sprawling state…

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HBIS Tangsteel signed a sales contract with Yangzhou Corporation of China International Marine Containers Group (CIMC) for 600tons of high end automobile steel. CIMC is the largest ocean going container manufacturer of the country and this is the second time that CIMC rewarding contracts to HBIS. CIMC is a world…

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The Chinese government is pushing ahead with steel industry restructuring in order to deal with oversupply in the domestic market. The Chinese government recently announced that China’s annual steel production capacity would be reduced by up to 150 million tons by 2021. In addition, it shut down blast furnaces with…

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Steel and iron ore futures in China advanced on Tuesday, regaining some lost ground after a five-day retreat, with demand seen remaining intact in the world’s top consumer of both commodities. Underlining firm steel consumption in China, the country’s biggest listed steelmaker, Baoshan Iron & Steel raised the prices of…

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