Also in 2023, new orders surged 56.4 percent year-on-year to 71.2 million deadweight tons, accounting for 66.6 percent of the global total, the data showed.

According to data from the Brazilian Ministry of Development, Industry, and Foreign Trade (Mdic), iron ore exports reached a total of 378.5 million metric tons in 2023.

¡°We did not agree to this arrangement, nor do we have any information about the financial wherewithal of this holding company to actually stand behind all of the obligations of our existing agreements,¡± asserts the USW in its statement.

ArcelorMittal, has unveiled a €1.8 billion investment plan aimed at curbing greenhouse gas emissions at a steel plant located in Dunkirk, northern France.

Alexander Becker, the head of renowned steel manufacturer Georgsmarienhütte, has raised a poignant critique against the German government's decision to retract a planned €5.5 billion subsidy for electricity network fees.

Highlighting their dedication to eco-friendly practices, SteelAsia reveals that approximately 80% of its energy requirements are sourced from geothermal power.

At the Vibrant Gujarat Global Summit, Lakshmi N Mittal, ArcelorMittal's Chairperson, praised the event's structure rooted in innovation and continuity.

Supply chain growth, green shift, tech edge, market expansion are big factors.