World

All the latest headlines from all regions of the world outside the NAFTA market.

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Kobe Steel to Launch Aluminum JV With China’s Baowu Steel

08 August 2024 - Kobe Steel is forming a joint venture around its Chinese automotive aluminum business with China Baowu Steel Group Corp. Ltd., Kobe has announced.

AISI: Commerce Department Made the Correct Decision on Vietnam Non-Market Economy Status

08 August 2024 - The American Iron and Steel Institute (AISI) is applauding the Commerce Department’s decision to retain Vietnam’s non-market economy status.

ArcelorMittal Completes Vallourec Transaction

07 August 2024 - ArcelorMittal has finalized its acquisition of a EUR955 million stake in tubemaker Vallourec.

Chilean Steelmaker Blames Chinese Imports for Production Stop

07 August 2024 - Compañía Siderúrgica Huachipato, Chile's largest steel plant, is "indefinitely suspending" production, saying that it is impossible to compete with dumped Chinese steel, according the AFP news service.

Salzgitter Secures Supply of Solar-Generated Electricity

06 August 2024 - Salzgitter Group has signed a long-term green power purchase agreement that will provide for up to 64 gigawatt hours annually, the steelmaker said Tuesday.

Primetals Technologies Sells Its 100th Electrode Control System

06 August 2024 - Primetals Technologies recently celebrated the 100th installation of its Melt Expert electrode control system, the company reports.

Danieli Lands Order for Reheat Furnace Upgrade

06 August 2024 - North Macedonia’s Makstil AD has contracted Danieli to revamp a plate mill reheat furnace, Danieli has announced.

Nippon Steel Remains Confident in U. S. Steel Acquisition

05 August 2024 - Nippon Steel Corp. has reiterated its belief that will finalize its proposed acquisition of United States Steel Corporation by year’s end.

New Wave of Chinese Steel Exports Softening Prices, ArcelorMittal Says

01 August 2024 - ArcelorMittal saw its second-quarter profits fall and said Chinese steel exports have put the market in “unsustainable” territory.

Shagang Group Starts Three New Castrip Lines

31 July 2024 - China’s Shagang Group has issued final acceptance certificates on two new Castrip lines and in June started up a third, according to project contractor Primetals Technologies.

Tata Steel U.K. Expects September Shutdown of Second BF

31 July 2024 - Tata Steel is on pace to close the second of two blast furnaces at its Port Talbot Works in the U.K. by this September, the company said in its fiscal 2025 first-quarter earnings statement.

Report: EU Sees Mixed Progress on Creating Green Hydrogen Market

30 July 2024 - The European Union took an early lead in moving to establish a regional green hydrogen economy, setting as a goal to produce and import 20 million metric tons by 2030.

Australia's Iron Ore Miners Need a Plan

30 July 2024 - Iron ore is Australia’s most exported commodity. But with demand from China looking to be on the decline and with new iron ore capacity set to come on-line in other parts of the world, the Australian industry should take time to reevaluate its strategy, according to a report from the Institute for Energy Economics and Financial Analysis.