News

Nucor reports historic order backlogs up 40% in steel mills and 15% in products, fueled by tariffs reducing imports and robust demand from infrastructure and energy sectors.[1]

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Mysteel's report indicates China's construction steel prices will fluctuate slightly this month due to fading cost support and recovering post-CNY demand.

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UMB Steel has teamed up with SMS Group to pioneer Europe's first continuous mill technology, aimed at enhancing sustainable steel production processes in the region.

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Local Chinese ferromanganese prices remained rangebound in week 6 of 2026, supported by consistent procurement from steel producers despite fluctuating raw material costs.

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Czech steelmaker Nová Hut plans CZK 150 million investment in 2026 to prepare for a new 1.5 MTPA electric arc furnace amid Europe's decarbonization push.

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SMS Group has finalized modernization of Level 1 automation and HMI systems for three downcoilers at Thyssenkrupp Steel Europe's hot strip mill No. 1 in Duisburg, enhancing operational efficiency and digital readiness.

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The Steel Manufacturers Association outlines how current US trade policies, tariffs, and deregulation are set to enhance domestic steel production and investment in 2026.

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South Korea's POSCO and Hyundai Steel have finalized plans for a 2.7 million mt/year flat steel plant in Louisiana, leveraging advanced Asian automation and control systems.

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The Steel Manufacturers Association anticipates strengthened US steel sector growth in 2026 due to robust trade policies, deregulation, and sufficient scrap supply.

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An Indonesian stainless steel mill has increased prices by $30 per metric ton, supported by China's new policies expected to enhance Indonesian stainless steel exports to the region.

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