News

USAS Building System successfully lists on the Hong Kong Stock Exchange, marking a key advancement for China's industrial prefabricated steel structure sector amid rising manufacturing demands.

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Sweden's Grangex has secured a new agreement with Anglo American to provide essential support for restarting the Sydvaranger iron ore mine in northern Norway, enhancing regional mining capabilities.

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Southeast Asia's growing steel sector is set to drive higher scrap imports in 2026, countering weak demand elsewhere in Asia due to Chinese oversupply.

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The Luxembourg government has purchased the bankrupt Liberty Steel site in Dudelange for €14.5 million to secure industrial operations and support steel sector recovery.

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China's largest private steelmaker Shagang Group has signed a strategic cooperation agreement with CSSC Qingdao Beihai Shipbuilding to enhance end-to-end collaboration in steel supply and shipbuilding.

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Liberty Steel's Dalzell plant in the UK has resumed operations following a significant government order, signaling renewed momentum in Europe's steel sector.

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Daily construction steel price moves and surging stainless scrap imports into China are prompting Asian mills and suppliers to recalibrate raw-material sourcing, pricing strategies, and near-term production planning.

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The European Union has broadened its electricity price compensation program to shield the steel industry from high energy costs and carbon leakage risks amid ongoing decarbonization efforts.

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Satellite data reveals increased activity at key Asian steel plants like POSCO Gwangyang and Kardemir amid India-Oman FTA, signaling bright prospects for buyers.

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Tibnor, SSAB’s distribution arm, has agreed to acquire Ovako Metals Oy to expand its steel distribution footprint and service offering in the Finnish market.

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