In a significant economic upheaval, ArcelorMittal South Africa, the continent's largest steelmaker, has announced the closure of its operations in Newcastle and Vereeniging.
As of 2022, Baosteel's parent company, Baowu Group, emerged as a global steel leader, producing a staggering 131.84 million metric tons of crude steel.
JSW Steel USA Ohio Inc., a wholly-owned subsidiary of India's JSW Steel Limited, is embarking on a transformative journey with plans to raise $145 million in long-term debt funding.