On April 14, Stegra announced that it has agreed in principle on EUR 1.4 billion in new financing from a combination of new and existing investors to complete the construction of its large-scale green steel plant in Boden, Sweden. The round is led by Wallenberg Investments with a consortium including Temasek and IMAS
On April 20, multiple sources reported that Turkish steel manufacturer Tosyali Holding will start automotive steel production in Algeria in the third quarter of 2026. Tosyali is investing USD 2.5 billion to grow its operations. A major part of this investment will add 3 million tons of new capacity in Algeria. The co
On April 13, the European Commission welcomed the political agreement reached between the European Parliament and Council on the measure to protect the EU steelmaking sector against global overcapacity. The new measure sets tariff-free quotas at 18.3 million tonnes per year, with an out-of-quota duty set at 50% for 3
On March 31, multiple sources reported that Iran's largest steel producer, Mobarakeh Steel Company (MSC), had suspended operations following significant damage from attacks in Middle East Conflict. The shutdown could cause long-term problems for Iran’s non-oil industries, affecting sectors like construction and autom
On March 31, ArcelorMittal announced that it is supplying Usibor 1500 XCarb recycled and renewably produced steel for five hot-stamped structural parts used on Renault 5 E-Tech electric, Alpine A290, and Renault 4 E-Tech electric. ArcelorMittal started supplies in September 2025.
This steel grade is produced via scra
On March 31, ArcelorMittal announced that the teams from the electrical steels department at the Mardyck site (Nord) successfully produced the first industrial coil on the new production lines. The electrical steels produced at the Mardyck and Saint Chély d’Apcher (Lozère) sites are critical to the development of e-m
On March 27, KIRCHHOFF Automotive signed a memorandum of understanding (MoU) with Arvedi in Cremona, Italy. The agreement sets the strategic direction for integrating Arvzero steel grades into the KIRCHHOFF Automotive product portfolio in the coming years, making an important contribution to reducing its Scope 3 emis
thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, is allocating EUR 2.4 million to upgrade its laboratory facilities at the Duisburg-Schwelgern site in Germany, supporting its transition toward climate-neutral steel production and hydrogen-based processes.
The investment builds on the existing blast furn
On March 19, Tata Steel Netherlands collaborated with VW Group for developing a new ultra-high-strength steel for car bodies to make vehicles safer and more sustainable. This steel can be pressed at lower temperatures, which reduces energy use during production.
The new steel can also be coated with a special zinc la
On March 25, the Minister of Industry of Egypt discussed opportunities to enhance industrial and investment cooperation with the Chinese Baow Iron and Steel Group. Egypt wanted to promote the iron and steel industry as the backbone of strategic industries, foremost among them the automotive and household appliance in
thyssenkrupp Steel Europe AG and its subsidiary thyssenkrupp Electrical Steel, part of thyssenkrupp AG, showcased products, process solutions, and application examples for electromobility and the energy transition at Coiltech 2026 in Augsburg, Germany.
Highlights include the powercore traction NGO 020 120Y420 grade,
On February 23, thyssenkrupp Steel announced that it will supply bluemint recycled CO₂-reduced steel to the BMW Group from 2026 for use in series production, for the outer panels, interior parts, and battery housing of the BMW iX3. The material has a high proportion of recycled material and achieves CO₂ savings verif
On February 19, it was reported that Ternium has started operations of new galvanizing and pickling-tandem cold rolling (PLTCM) lines at its Industrial Center in Pesquería, Mexico as part of the third phase of an expansion project that will total USD 4 billion upon completion.
The new facilities complement previously
thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, has signed 4 Power Purchase Agreements (PPAs) securing supply of around 230 GWh of green electricity to further decarbonize its steel production.
The PPAs will supply additional green electricity to the subsidiaries, thyssenkrupp Rasselstein, thyssenkrupp
On January 27, the Ministry of Trade and Industry, Egypt, discussed Xinfeng Steel’s plan to establish an integrated industrial complex to produce automotive panels and specialized industrial steel plates. The company plans to invest USD 10 billion in this project. The project aims to provide approximately 15,000 dire
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