Rio Tinto and Baowu Steel to invest $2 billion in iron ore mine
Global mining group Rio Tinto and China’s Baowu Steel have agreed to invest $2 billion in a new iron ore mine in Pilbara.
Source: steeltimesint.com
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thyssenkrupp to invest €2 billion constructing Germany's largest DRI…
Thyssenkrupp, the German multinational conglomerate, has announced plans to invest over €2 billion for the construction of Germany’s largest direct…
Source: steeltimesint.com
Sustainable steelmaker Gravity announces company CEO
GravitHy, a sustainable iron and steel company, with its first plant located in Fos-sur-Mer, Southern France, has announced the appointment of José…
Source: steeltimesint.com
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
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