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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
On January 6, European Automobile Manufacturers’ Association (ACEA) concerned that EU Commission’s proposal to extend protections for EU steel market could negatively affect Europe’s downstream manufacturing industries.
While ACEA supports efforts to address global steel overcapacity and ensure fair competition for E
On January 2, Mutares SE & Co. KGaA completed the acquisition of Greer Steel Company, a leading provider of cold-rolled strip steel based in Dover, Ohio, USA, from Greer Industries, Inc. Greer Steel’s customer base spans the automotive, service center, hardware, hand tools, and stamping industries, with automotive re
On December 31, GF (Georg Fischer AG) completed the divestment of its iron foundry in Leipzig (Germany) to Linamar Corp., effective at the end of the day on December 31, 2025. The successful closing represents one of the final steps in GF’s transformation into a pure-play Flow Solutions company. The transaction value
thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, has signed a long-term supply agreement with TSR Group (TSR) for the TSR40 recycled steel product for thyssenkrupp Steel’s bluemint.
TSR40, which has been produced at TSR’s recycling plant in Duisburg since 2023 and at its sites in Hamburg and Amsterdam s
On December 12, the European Commission welcomed a provisional agreement between the European Parliament and the Council on new rules for end-of-life vehicles (ELVs). The regulation covers how vehicles are designed, produced, and recycled at the end of their life. Better collection, dismantling, and recycling will he
On December 11, JLR announced that it has redesigned the crosscar beam, an important safety part inside a vehicle but carbon intensive components within its future vehicles. The beam sits behind the dashboard and supports key safety functions such as mounting airbags. It also reduces noise and vibration in the cabin.
On December 8, Chery announced the development of a 2,400MPa automotive hot-formed steel plate with HBIS Group Co., Ltd. (HBIS Group).
Hot-formed steel plates, widely used in core load-bearing and anti-collision structures such as A- and B-pillars, door anti-collision beams, door rings, and floor beams, deliver an in
On November 26, Prime Minister Mark Carney’s government announced it will lower the tariff-rate quota level for steel imports from countries with which Canada does not have a trade agreement to 20% from 50%. Steel produced in those nations will face a tariff when their volumes exceed 20% of what they sold to Canadian
On November 26, the Swedish Energy Agency announced that Stegra has been granted about EUR 37 million from the Industrial Leap. The grant goes towards the establishment of Stegra’s fully integrated near-zero emission steel production facility in Boden.
In September 2024, Stegra was awarded EUR 100 million from the In
Eberspaecher Group announced that around 90% of the most common steel grade used in the production line for exhaust gas aftertreatment systems for the European market of a major commercial vehicle manufacturer at Purem by Eberspaecher’s Wilsdruff plant in Germany has been converted to Outokumpu's Circle Green stainle
On October 23, Mazda Motor and Nippon Steel announced that they have applied the results of their co-creation activities, redefining the traditional relationship between finished vehicle manufacturers and materials suppliers, to the development of the all-new CX-5 crossover SUV. Based on the long-standing business re
thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, announced that it will present solutions for lightweight construction and sustainable mobility at Blechexpo 2025 in Stuttgart, Germany, from October 21 to 24.
The company will unveil InPart Solutions, a new concept developed to reduce the number of compon
On October 13, Stegra announced that it is now in a new financing round for the construction of the world’s first large-scale green-steel plant in Boden, Sweden. The proceeds from the round are expected to represent approximately 15% of Stegra’s total project funding. It is also in advanced discussions regarding outs
On October 8, the European Automobile Manufacturers’ Association (ACEA) released a statement on the European Commission‘s proposal to extend protection of the European steel market. Automobile manufacturers source approximately 90% of their direct steel purchases in the EU and are most concerned about the inflationar
On October 8, the China Chamber of Commerce in the European Union (CCCEU) raised concern regarding the EU's steel import restrictions. CCCEU stated that the EU's proposed steel import restrictions were a "protectionist step" that could negatively impact global trade stability and downstream industries.
While the CCC
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