Baosteel to buy stake in Shandong-based steelmaker for $1.5 bln

Baoshan Iron & Steel (Baosteel) said on Friday it had agreed to buy a 48.6% stake in a steelmaker for 10.7 billion yuan ($1.49 billion) from Shandong Iron & Steel Group.

Friday, December 8, 2023

Oman surpasses expectations with surging steel exports and pioneering sustainability initiatives

ln a surprising turn, Oman, despite lacking the internal capacity for corresponding slab production, has successfully expanded its export volume.

Friday, December 8, 2023

Vulcan Green Steel: Oman's hydrogen- powered steel plant underway

In a significant step towards sustainable industrial development, Oman has officially initiated the construction of a pioneering green steel plant

Wednesday, December 6, 2023

Turkish steel capacity utilisation slumps to 55pc

The global rate was 75.3pc, up slightly from 74.3pc.

Wednesday, December 6, 2023

India’s JSW enters auto sector with MG Motor stake

The firms also plan to develop neighbourhood EVs and internal combustion engine vehicles and create a sustainable auto ecosystem in India.

Wednesday, December 6, 2023

Japan’s scrap exports hit two-year high in October

Japanese ferrous scrap exporters lifted shipments to a two-year high in October.

Wednesday, December 6, 2023

Canada's Teck Resources announces full sale of coal business

According to local media reports, Ottawa has said that any takeover bid for Teck would go through a rigorous approvals process.

Tuesday, December 5, 2023

Chinese enterprises secure global supply chain with digital tech

In the world's first national supply chain expo, a Chinese steel mill moved the model of its smart workshop into the exhibition hall themed digital tech.

Tuesday, December 5, 2023
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