Japanese steelmaker Nippon Steel Corporation will acquire US Steel for $14.9 billion in the second or third quarter of 2024, the company said on Monday December 18.

The aid targets reducing carbon emissions and promoting renewable hydrogen production in line with EU directives.

The application of State electricity utility Eskom for a six-year negotiated pricing agreement for the Glencore-Merafe ferrochrome smelter operation in Rustenburg, in the North West Province, has been approved by South Africa’s energy regulator Nersa.

South Korean steelmaker POSCO plans to build a hot briquetted iron (HBI) plant with a capacity of 12 million mt per year at Australia's largest iron ore terminal Port Hedland

Saudi Arabia is making a strategic investment of $12 billion in ferrous metallurgy, expecting a significant 2.5-fold increase in steel consumption.

Feralpi Stahl, the German rebar factory of the ltalian Feralpi Group, announced that it will stop production for four weeks for repair work.

The UK also aims to establish a system for measuring the carbon emission content of products. CBAM will work with the UK Emissions Trading Scheme to reduce the risk of carbon leakage.

Busheld Minerals granted SARB approval for 100% ownership of Vametco