ArcelorMittal closing Bremen furnace, citing 'soaring' gas costs
ArcelorMittal has announced that it will switch off one of two furnaces at its steelworks in the German city of Bremen until further notice from…
Source: steeltimesint.com
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Iron ore price drop furthers crisis for China's steel industry
Iron ore dropped below $100 a ton for the first time in over five weeks, showing signs that the crisis in China’s steel industry is worsening.
Source: steeltimesint.com
H2 Green Steel secures $189.4m investment for Sweden steel plant
H2 Green Steel has received $189.4m in a funding round to enable the construction of a fossil fuel-free steel plant in Boden, Northern Sweden.
Source: steeltimesint.com
South Africa proposes temporary scrap-metal export ban
Members of the South African Iron and Steel Institute (SAISI) have come out in full support of the proposed six-month ban on the export of scrap metal…
Source: steeltimesint.com
UK to face 25% tariff on steel sold to Northern Ireland
According to a report in UK newspaper the Financial Times, British steel producers will have to pay a 25% tariff to sell certain construction products…
Source: steeltimesint.com