Essen - The transaction, valued at approximately €440 million, to a consortium consisting of JSW Steel Limited and JFE Steel Corporation is expected to close in the coming months.
London - Government's new Steel Strategy is meant to offer hope for revitalising the industry, focusing on long-term investments and the green transition.
Cologne - The facility’s shift from natural gas to electricity in heat treatment is expected to save over 10,000 tons of CO2 emissions in the next decade.
London - The project includes the construction of a direct reduction iron (DRI) plant in partnership with Midrex Technologies, and an electric arc furnace (EAF) ultimate plant, with a combined annual capacity of 2 million tons of steel.
Brussels - Worldsteel has released its updated Short Range Outlook (SRO) for 2024 and 2025, projecting a modest recovery in 2025, with demand anticipated to increase by 1.2%, reaching 1,772 Mt.
Düsseldorf - Partnership aimed at accelerating carbon-neutral steel production with the construction of a cutting-edge electric steelmaking plant in Völklingen, Germany.
Brussels - Recent data of Global Forum on Steel Excess Capacity (GFSEC) show a further increase in excess steel capacity, prompting concerns about the impact on the global market.
