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Thyssenkrupp May Have to Pay Up to Forge Steel Business Deal

Thyssenkrupp May Have to Pay Up to Forge Steel Business Deal

For the past decade efforts to merge the division with, or sell it to, a rival, or list the business or spin it off have all failed.
AISI: U.S. Steel Import Permits Dipped

AISI: U.S. Steel Import Permits Dipped

Sheet and strip all other metallic coatings reported largest increase in November permits over the prior month, surging higher by almost 51%.
AISI Comments on “Clean Competition Act” Introduced Today

AISI Comments on “Clean Competition Act” Introduced Today

Kevin Dempsey, president and CEO of the American Iron and Steel Institute, issued the following statement on the “Clean Competition Act” introduced today by Senator Sheldon Whitehouse (D-RI).
ArcelorMittal Nippon Steel to Spend INR 100 Cr On Three Scrap-Processing Centres

ArcelorMittal Nippon Steel to Spend INR 100 Cr On Three Scrap-Processing Centres

While India clocked high imports of about 7 MTPA of steel scrap in 2022-23, companies anticipate imports will drop and are looking at ways of processing scrap within the country.
U.S. Steel Shipments Surged in October, Says AISI

U.S. Steel Shipments Surged in October, Says AISI

The cumulative shipments by U.S. domestic steel mills totalled 74.129 million net tons during the initial ten months of the current year.
Megaprojects Drive up Demand for Steel

Megaprojects Drive up Demand for Steel

That’s true even after a short reprieve following labor stoppages at some plants.
Funding Sought to Revive Nigeria’s Ajaokuta Steel Mill

Funding Sought to Revive Nigeria’s Ajaokuta Steel Mill

The aid from financial institutions are expected to help the state restart the mill operations to produce iron rods.
Bekaert Exits From Steel Wire JV in Chile and Peru

Bekaert Exits From Steel Wire JV in Chile and Peru

An agreement was reached on March 1, 2023, and closing, after having obtained regulatory approvals, occurred on November 10, 2023.
AISI: U.S. Raw Steel Output Posted Notable Surge

AISI: U.S. Raw Steel Output Posted Notable Surge

The leading producer was the Southern region, with an output of 767,000 net tons.
Primary Steel Industry to Face Challenges in H2 Amid Weak Market: ICRA

Primary Steel Industry to Face Challenges in H2 Amid Weak Market: ICRA

While seaborne coking coal prices have been volatile since Q2 FY2024, thermal coal prices have remained more range-bound.
SAIL Bhilai Steel Plant Output Surged in Current Fiscal Year

SAIL Bhilai Steel Plant Output Surged in Current Fiscal Year

The plant reported 9% surge in sinter production during Apr-Nov ’23.
U. S. Steel Receives a Perfect Score on Human Rights Campaign Foundation’s 2023 Corporate Equality Index (CEI) for Fourth Consecutive Year

U. S. Steel Receives a Perfect Score on Human Rights Campaign Foundation’s 2023 Corporate Equality Index (CEI) for Fourth Consecutive Year

The CEI is the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality.
Steel Industry Calls For Reversal of Scrap Metal Policies

Steel Industry Calls For Reversal of Scrap Metal Policies

It must be noted that prominent labour union Solidarity had blamed Ramaphosa government’s policies for the collapse of ArcelorMittal South Africa’s long steel business.
Nippon Steel to Hunt for More Coking Coal, Iron Ore Assets

Nippon Steel to Hunt for More Coking Coal, Iron Ore Assets

Early this month, the group lifted its net profit forecast by 11% to 420 billion yen for the year through end-March thanks to improved margins in the first-half.

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