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.

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

China will ensure high-quality implementation of the RCEP and accelerate the development of the China-ASEAN Free Trade Area 3.0, he added.

Countries such as Brazil, China, India and South Africa have expressed concerns.

Jan-Nov two-way trade consistent with previous year on effective policy.

This landmark collaboration signifies a convergence of industry expertise, with both entities set to harness their strengths for mutual advancement.

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.

In a significant economic upheaval, ArcelorMittal South Africa, the continent's largest steelmaker, has announced the closure of its operations in Newcastle and Vereeniging.