Steel News

Narendran: India Will See Significant, But Constrained, Growth

17 June 2025 - India’s steel production will likely reach 200 million to 250 million metric tons by the end of this decade, according to Tata Steel chief executive officer T V Narendran.

ArcelorMittal Announces Wire Drawing Mill Closure

12 June 2025 - ArcelorMittal Long Products Canada announced Wednesday it will be closing its wire drawing mill in Hamilton, Ont., Canada.

OECD Forecasts Sluggish Steel Demand Growth

29 May 2025 - Global steel demand is projected to rise 0.7% annually over the next five years, driven by consumption in the ASEAN countries and the Middle East and North Africa regions, according to a new projection from the Organisation for Economic Co-operation and Development.

thyssenkrupp Advances Strategic Transformation

29 May 2025 - Looking to the future, thyssenkrupp AG will become a holding company with majority ownership interests in stand-alone business units, the company has said.

Sensing a Changing Wind, Gerdau Cancels Mexican SBQ Project

04 May 2025 - Gerdau has dropped plans to build a 600,000-metric-ton special bar quality mill in Mexico, saying that the project is too risky because of anticipated shifts in the automotive supply market.

Survey: Metals Business Leaders Anticipate Economic Growth Under Trump

27 February 2025 - Nearly 70% of senior leaders at metal firms believe the Trump Administration's economic policies will positively impact GDP growth in 2025 and 2026, according to a newly released survey.

Outokumpu Decides Against U.S. Cold Rolling Expansion — For Now

13 February 2025 - Stainless steel producer Outokumpu is dropping plans to build new cold rolling capacity in the U.S. but instead is working to boost capacity at existing facilities, the company said Thursday.

SDI Reports Profitable Q4, Begins Commissioning of Aluminum Plant

23 January 2025 - Steel Dynamics Inc. (SDI) posted a fourth-quarter profit of US$1.36 per diluted share and said it expects to see healthy demand in the year ahead.

Hyundai Steel Sales to Outside Automakers Tops 20%

21 January 2025 - Hyundai Steel has reached a new sales milestone, selling more than 1 million metric tons of automotive sheet in 2024 to foreign automakers other than affiliates Hyundai and Kia, reports The Korea Economic Daily.

ArcelorMittal South Africa Halts Long Steel Operations, Shifts Focus to Flat Steel Future

06 January 2025 - ArcelorMittal South Africa is winding down its long steel business, citing unsustainable operational challenges, weak market conditions, and rising costs, the steelmaker has announced.

SDI Guides to Lower Q4 Earnings

17 December 2024 - Steel Dynamics Inc. (SDI) expects to see its fourth-quarter profits fall partly on account of lower average prices for its mills and an unplanned outage at its Butler, Ind., USA, facility.

Mittal: Better Policy Needed to Preserve European Steelmaking

04 December 2024 - If Europe wants to continue to produce iron and steel, then it must immediately commit to building a better policy framework, ArcelorMittal founder and executive chairman Lakshmi Mittal writes in a (London) Financial Times op-ed.

thyssenkrupp Proposes Job Cuts, Capacity Reduction

26 November 2024 - thyssenkrupp’s steel division is looking to shed 11,000 jobs over the next five years and reduce its steelmaking capacity as it attempts to reorient itself in changing European market.

World Steel Association Forecast Points to a Down Year for Steel Demand

17 October 2024 - The World Steel Association has revised down its 2024 demand outlook, saying it now expects the world to require 1.75 billion tons this year.

Chinese Exports on Pace for 100M Metric Tons in 2024

15 October 2024 - With three months still to go in 2024, Chinese steel exports to the rest of the world have reached 81 million metric tons, up 21% from 2023, reports the Bloomberg news service.

Nippon Steel to Divest Stake in Alabama Rolling Mill

15 October 2024 - Nippon Steel Corp. will sell its 50% stake in AM/NS Calvert to partner ArcelorMittal, if Nippon Steel finalizes its acquisition of United States Steel Corporation, the company announced.

Surging Imports Prompt Liberty Steel and Wire to Pause Production

26 September 2024 - Liberty Steel and Wire is throttling back production and temporarily laying off employees at its Peoria, Ill., USA, facility, reports the (Peoria, Ill.) Journal Star newspaper.

Report: China’s Steel Industry Could See Wave of Consolidation

23 September 2024 - With nearly 75% of China’s steel producers posting losses in the first half of this year, bankruptcy is a looming risk — and one that could spur consolidation among domestic producers, reports the Bloomberg news service.

Chinese Steel Exports Resurge

03 September 2024 - Chinese steel exports are on pace to reach or exceed 100 million metric tons this year, an eight-year high, reports the (London) Financial Times.

China Reconsiders Capacity Swap Program

26 August 2024 - With China’s demand for steel on the decline, the government is rethinking its policy for allowing new steel mills to be built, according to the Bloomberg news service.