By Gabriel Araujo and Kylie Madry SAO PAULO/MEXICO CITY (Reuters) -Steelmaker Ternium reported an 84% drop in its third-quarter net income to $220 million on Thursday, hurt by lower realized …
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US and World News
Tata Steel’s Dutch arm signs MOU to supply Ford with green steel
by Reutersby ReutersBy Toby Sterling AMSTERDAM (Reuters) – Tata Steel’s Dutch arm plans to supply Ford plants in Europe with “green” steel after 2030, under a preliminary agreement reached by the two …
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US and World News
S.Korea’s POSCO Holdings sees steel demand remaining weak; Q3 profit tumbles
by Reutersby ReutersBy Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s POSCO Holdings on Monday forecast weak steel demand would persist into the first half of next year after a price …
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By Yuka Obayashi and Kantaro Komiya TOKYO (Reuters) -Japan’s crude steel output is expected to fall for a fourth consecutive quarter in the last three months of the year, due …
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WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai and her European counterpart, Valdis Dombrovskis, agreed to speed up talks on global steel issues, among other trade and economic topics raised …
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US and World News
Kobe Steel’s U.S. unit signs technology deal with Sweden’s H2 Green Steel
by Reutersby ReutersTOKYO (Reuters) – Japanese steelmaker Kobe Steel Ltd said on Wednesday its U.S. unit, Midrex Technologies, has signed a contract with Swedish steel venture H2 Green Steel to supply its …
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Financial News
POSCO says fire put out at S.Korea steel plant, production halted due to flooding
by Reutersby ReutersSEOUL (Reuters) -A fire broke out at South Korean steelmaker POSCO’s plant in the southeastern city of Pohang on Tuesday, a POSCO spokesperson confirmed. “A fire broke out at our …
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Department of Justice Press Releases
Co-owner of Puyallup steel fabrication business pleads guilty to tax fraud
by DOJ Pressby DOJ PressTacoma – The co-owner and financial manager of a Puyallup, Washington steel fabrication business pleaded guilty today in U.S. District Court in Tacoma to nine counts of failing to pay over …
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Financial News
China to extend anti-dumping duties on steel product from Japan, South Korea, and EU
by Reutersby Reuters(Reuters) -China will extend anti-dumping duties on grain oriented flat-rolled electrical steel imported from Japan, South Korea, and the European Union, the country’s ministry of commerce said on Friday. The …
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By Kylie Madry MEXICO CITY – Steel demand in Latin America could dip through 2022 as the industry faces regional inflationary pressures, price hikes from the Russian invasion of Ukraine …
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Financial News
China extends anti-dumping tariffs on EU, UK steel fasteners imports
by Reutersby ReutersBEIJING – China’s commerce ministry said on Tuesday it would extend anti-dumping tariffs on certain steel fasteners imported from the European Union and United Kingdom for five years. The anti-dumping …
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KYIV – Ukraine’s largest steelmaker has urged customers not to buy any products made at its plants in Mariupol because it fears they may have been stolen by Russian forces …
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Financial News
Exclusive-India’s Tata Steel bought 75,000 tonnes of Russian coal in May – sources
by Reutersby ReutersBy Sudarshan Varadhan and Aftab Ahmed NEW DELHI -India’s top steelmaker Tata Steel imported about 75,000 tonnes of coal from Russia in the second half of May, two trade sources …
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Financial News
S.Korea plans to manage steel scrap as strategic asset as prices surge
by Reutersby ReutersSEOUL – South Korea plans to manage steel scrap from cars and abandoned buildings and structures as a strategic material, a government official said on Thursday, amid tight supplies and …
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Financial News
Stainless steel maker Outokumpu shares up more than 6% on strong Q1
by Reutersby ReutersHELSINKI -Finnish stainless steel maker Outokumpu saw its shares soar more than 6% on Thursday after reporting stronger-than-expected quarterly profits, boosted by higher prices for stainless steel and ferrochrome. The …
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By Marine Strauss BRUSSELS – ArcelorMittal reported higher-than-expected core profit in the first quarter on Thursday, but said it now forecast a slight contraction in global steel demand this year, …
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GENEVA -The World Trade Organization (WTO) accepted some of Turkey’s complaints against European Union measures designed to curb imports of steel and advised the bloc on Friday to bring them …
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Top HeadlinesUS and World News
Ukraine wants U.N. to be guarantor of safe corridor from Mariupol steel plant
by Reutersby ReutersBy Max Hunder (Reuters) – Ukraine denied on Monday reaching an agreement with Russia on evacuating civilians from a steel plant in the southern city of Mariupol, and said the …
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Top HeadlinesUS and World News
‘I want to see the sun’ begs child in Mariupol steel works
by Reutersby Reuters(Reuters) – Women and children sheltering in a giant steel works in Mariupol that is the last holdout of Ukrainian defenders of the southern port city, said in a video …
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Financial News
Tata Steel to consider proposal to split equity shares on May 3
by Reutersby ReutersNEW DELHI – The board of Tata Steel Ltd will on May 3 consider a proposal to split the stock and also recommend a dividend, the Indian steel maker said …
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DUESSELDORF – Thyssenkrupp is cutting working hours for 1,300 of its steel workers, the German conglomerate said on Thursday, responding to the impact of the war in Ukraine on the …
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TOKYO – Japan’s Nippon Steel Corp has completed its acquisition of majority stakes in two electric arc furnace steelmakers in Thailand, paying about $477 million in total, it said on …
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Financial News
China Fangda Group aims to take over state-owned Anyang Iron & Steel Group
by Reutersby ReutersBEIJING – A unit of privately-owned Chinese firm Liaoning Fangda Group has offered to buy an 80% stake in state-backed Anyang Iron & Steel Group, the listed arm of Anyang …
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Financial News
Russia-Ukraine conflict to have huge impact on global steel demand -Japan steel group
by Reutersby ReutersTOKYO -The conflict between Russia and Ukraine, which are exporters of steel products, will have a huge impact on global steel demand and trade if it lasts for a long …
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Financial News
European steel prices to extend rally as Ukraine conflict cuts supply
by Reutersby ReutersBy Eric Onstad LONDON – Surging European steel prices are set to extend their gains as Russia’s invasion of Ukraine has disrupted logistics, spurred sanctions and sent energy prices soaring. …