Topic
steel industry
21 stories related to this topic, newest first.
news.sky.comworld13 hrs ago
Shadow Business Secretary Says Government Lacks Long-Term Steel Plan
Andrew Griffith told Sky News the government has no plan for long-term steel production and has not disclosed the cost of nationalising British Steel.
SK
livemint.comworld7 hrs agoUpdated
UK Government Takes British Steel Into Public Ownership
Parliament passed the Steel Industry (Nationalisation) Bill on 15 July 2026 and granted royal assent the next day, completing the transfer of British Steel to state control under the Steel Act.
Fortunebusiness5 days ago
Trinidad and Tobago Signs Data-Center and Steel-Plant Agreements with U.S. Companies
Trinidad and Tobago signed memorandums of understanding on Friday with Hummingbird AI Holdings and Ernst and Young LLP for data centers and with Pinnacle Steel and Vanadium Corporation for steel plant talks. The pacts mark the first agreements of their kind between a Caribbean co…
Japan Timesbusiness15 days ago
SSAB Commits €6 Billion to Hydrogen Shift as EU Considers ETS Rule Changes
Swedish steelmaker SSAB is investing €6 billion to replace coal with low-carbon hydrogen. Industrial firms including BASF and ArcelorMittal warn that planned changes to the EU emissions trading system could reduce incentives for early movers.
mediaplaynews.comfinance16 days ago
European Union to Cap Tariff-Free Steel Imports Starting Wednesday
The European Union will restrict the volume of tariff-free steel its member states can import beginning Wednesday. The measure is intended to shield the bloc's steel sector from global overcapacity.
espn.comworld16 days ago
EU halves duty-free steel import quota from July 2026
The European Commission will cut overall duty-free steel imports by half starting 1 July 2026. Thirteen countries holding free-trade agreements with the bloc receive a smaller reduction of one-third.
Washington Examinerpolitics32 days ago
Commerce Secretary Visits U.S. Steel Plant One Year After Nippon Acquisition
Commerce Secretary Howard Lutnick toured the Edgar Thomson Works in Braddock, Pennsylvania, on June 8, 2026. The visit marked the first anniversary of the Nippon Steel acquisition of U.S. Steel, which included commitments for capital investment and employment levels.
finance36 days ago
UK to Finalise Limited Tariff Exemptions for Some Steel Imports While Doubling Duties and Cutting Quotas
The government is meeting steel trading groups this week to finalise exemptions from new 50% tariffs and quota cuts set to begin 1 July.
qz.combusiness36 days ago
Nippon Steel Raises ¥90 Billion in First Bond Sale Since U.S. Steel Acquisition, Boosted by Strong Demand
The Japanese steelmaker sold ¥90 billion in yen-denominated bonds, its first straight-bond offering since completing the roughly ¥2 trillion purchase of U.S. Steel in June 2025. The 10-year tranche carried a 3.202% coupon, the highest in about 30 years.
financialpost.comworld37 days ago
EU Sets New Steel Import Quotas Starting 1 July
The European Union will halve tariff-free steel import quotas and raise the tariff on excess imports to 50 percent beginning 1 July. Ukrainian steelmakers say the limits will reduce government revenue during the ongoing war with Russia. Metinvest chief executive Yuriy Ryzhenkov w…
koreatimes.co.krfinance63 days ago
South 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…
finance64 days ago
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…
finance65 days ago
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.comworld70 days ago
South 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.comfinance71 days ago
London 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.comworld84 days ago
South 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.comfinance84 days ago
ArcelorMittal 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.comfinance87 days ago
Steel 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.
BU
japantimes.co.jpworld92 days ago
UK 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.
BU
Serpen wiki woker / Wikimedia (CC BY-SA 4.0)finance97 days ago
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…
FI
C.S. Reinhart / Wikimedia (Public domain)finance99 days ago
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.
UN