steel industry
11 stories related to this topic, newest first.
koreatimes.co.krSouth Korea's Trade Minister Discusses Steel Safeguards with EU and FTA Resumption with Mexico
Trade Minister Yeo Han-koo met EU and Mexican officials this week to address concerns over new steel tariffs and barriers affecting Korean exports and supply chains. He urged a prudent approach on EU measures set for July while pushing to restart free trade agreement talks with M…
Algoma Steel Group Reports Q1 2026 Results After Transition to Electric Arc Furnace
Algoma Steel Group completed its transition to a fully electric arc furnace operation in January 2026, ending 125 years of blast furnace steelmaking. The company reported an adjusted EBITDA loss of C$28.7 million for the first quarter and said it expects to return to profitabilit…
Thyssenkrupp Increases Internal Steel Business Valuation by 25% After Failed Jindal Sale Talks
Thyssenkrupp increased the valuation of its steel business by a quarter less than two weeks after talks to sell the unit to India's Jindal Steel collapsed. The move comes as the German industrial group reassesses the standalone value of its steel operations following the failed t…
koreaherald.comSouth Korea Calls for Restraint on Trade Barriers at WTO General Council Meeting
Kwon Hye-jin, South Korea's chief representative, called on WTO members to avoid protectionist measures during the General Council session that began May 6, 2026 in Geneva. She warned such steps risk a vicious cycle of retaliation and held bilateral talks on steel safeguards. The…
marketwatch.comLondon Royalty Firm Acquires $132.5 Million Stake in Minnesota Iron Ore Project
The Metals Royalty Company agreed to purchase a 1% production royalty interest in the Mesabi Metallics iron ore project in Nashwauk, Minnesota. The transaction totals $132.5 million and is tied to future output of DR-grade pellets used in lower-emissions steelmaking. First produc…
bangkokpost.comSouth Korea Steel Association Reports Limited Impact from Middle East Conflict on Supplies
Vice Industry Minister Moon Shin-hak urged major steel companies to prevent supply chain disruptions during a meeting in Seoul. The steel sector reports limited impact from the U.S.-Iran war but faces higher costs. The government pledged support to enhance industry competitivenes…
nbcnews.comArcelorMittal Releases 2025 Sustainability Report Detailing Safety Improvements and Revised Decarbonization Targets
ArcelorMittal released its 2025 Sustainability Report on April 23, 2026, highlighting progress in safety, climate action, and innovation. The report details a record-low fatality frequency rate and revisions to 2030 emissions goals amid market shifts. CEO Aditya Mittal emphasized…
nbcnews.comSteel Dynamics Reports Q1 Revenue Above Estimates with Record Shipments
Steel Dynamics announced first-quarter revenue that exceeded analysts' estimates. The company reported its fastest growth in nearly four years, driven by rising steel prices and a record 3.6 million tons in shipments. This led to a rebound in profit for the period.
japantimes.co.jpUK Government Selects Preferred Bidder for Northern Steel Business Originally Taken Over in 2023
The UK government has selected a preferred bidder for a steel business in the north of the UK. The business was taken over from Sanjeev Gupta in 2023. @business reported the development.
Serpen wiki woker / Wikimedia (CC BY-SA 4.0)Metinvest Announces Plan to Repay Bond Due This Month After Considering Extension Options
Ukraine-based steel producer Metinvest has announced its intention to repay a bond maturing this month. The company considered alternatives including extending the bond's maturity and issuing a new bond before deciding on full repayment. This decision comes amid ongoing economic…
C.S. Reinhart / Wikimedia (Public domain)US Court Rules Tariffs on Steel and Aluminum Imports Illegal, No Refunds for Importers
A US trade court has ruled that tariffs imposed on steel and aluminum imports were illegal. Importers who paid billions in these tariffs will not receive refunds. The decision affects millions of Americans who bore the costs through higher prices.