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Steel
Green steel company Stegra, Sweden, closes EUR 1.4 billion financing round
On June 24, Stegra announced the closing of its EUR 1.4 billion financing round. The round is led by a Wallenberg Investments consortium and has strong support from existing investors as well as the original lender group. Stegra is in the process of ramping up construction activities in Boden. During this period, the
TYASA starts operations of Special Steels project at steel complex in Mexico
On June 2, TYASA announced the start of operations for the first phase of its Special Steels (SBQ) project at its steel complex in Ixtaczoquitlán, Veracruz, Mexico.
The USD 250 million investment adds an annual production capacity of 400,000 tones and expands the company's portfolio to supply high-grade steel product
Sollers, Russia adopts galvanized steel body parts for pickup trucks
On June 25, Sollers Group announced that it is transitioning its Sollers pickup truck lineup to galvanized body parts.
The company also confirmed that Magnitogorsk Iron and Steel Works will supply rolled steel for its new press facility in Ulyanovsk, Russia. The steel is coated with a protective zinc layer through a
ArcelorMittal Nippon Steel India launches patented Zagnelis protect steel for automotive
On June 17, ArcelorMittal Nippon Steel India, a joint venture between ArcelorMittal and Nippon Steel, launched the Zagnelis Protect, a patented Zinc-Aluminum-Magnesium coated steel brand for automotive applications, making it the first company to produce this grade domestically in India. Previously, steel of comparab
thyssenkrupp Steel resumes rolling at Hot Strip Mill 4 in Duisburg, Germany
On June 3, thyssenkrupp Steel announced that it has resumed trial operation at Hot Strip Mill 4 at its Duisburg site following extensive repair work. On October 24, 2025, a fire occurred in the furnace area due to a deflagration. The furnaces and parts of the roof structure were damaged.
The company has repaired or r
Trump issues proclamation temporarily amending tariffs on steel, aluminum, copper
On June 1, U.S. President Trump signed a proclamation amending his Section 232 national security tariffs on some aluminum, steel and copper imports. The proclamation:
Adjusts the tariffs on agricultural equipment, like combines and harvesters, as well as other equipment, like residential heating, air conditioning and
Hyundai‑POSCO Louisiana Steel selects Danieli for integrated steel plant project
On May 3, Danieli announced that Hyundai‑POSCO Louisiana Steel LLC has selected it for the construction of its new integrated steel plant in Louisiana. The new facility will produce high‑quality hot‑rolled slabs, primarily intended for low‑carbon, high value‑added automotive steel grades for the North American market
ArcelorMittal participates in Daimler Truck's reECONIC project for low-carbon mobility
On April 28, ArcelorMittal announced it is participating in Mercedes-Benz Trucks' reECONIC project, initiated by Daimler Truck AG in collaboration with FAUN. It brings together 33 partners across the automotive value chain and aims to maximise the use of recycled materials.
ArcelorMittal contributes to this initiativ
thyssenkrupp and Jindal International Steel pause talks regarding stake in thyssenkrupp Steel
On May 2, thyssenkrupp AG and Jindal Steel International decided to pause discussions about the company acquiring a stake in thyssenkrupp Steel Europe. The original assumptions and prerequisites for a potential sale of thyssenkrupp Steel have significantly changed in recent months. thyssenkrupp has made significant p
AM/NS India inaugurates advanced automotive steel production line at Hazira
On April 30, 2026, ArcelorMittal Nippon Steel India (AM/NS India) inaugurated a new Pickling Line and Tandem Cold Mill (PLTCM) at its flagship plant in Hazira, Gujarat. With a capacity of 2 million tonnes per annum (MTPA), the facility will produce high-quality cold-rolled base steel for Advanced High Strength Steel
U.S. Steel announces USD 1.9 billion investment in DRI facility in Arkansas
On April 29, United States Steel Corporation announced a USD 1.9 billion investment to build a new direct reduced iron (DRI) facility at Big River Steel Works in Osceola, Arkansas, the first of its kind in the country, strengthening U.S. Steel's next-generation steelmaking capabilities.
“Our partnership with Nippon S
U.S. offers Canadian, Mexican steel and aluminum companies tariff relief if they commit to U.S. plants
On April 23, the U.S. government announced that the Trump administration is offering relief from tariffs on steel and aluminum to individual companies if they make detailed commitments to increase U.S. capacity of primary steel and primary aluminum that supports U.S. production capacity for automobiles, medium- and h
Cleveland‑Cliffs partners with Palantir for AI use in steel production
On April 28, Cleveland-Cliffs Inc. announced it has entered a three-year strategic partnership with Palantir Technologies to deploy advanced AI‑driven solutions across its internal processes from operations through commercial endeavors.
Cleveland-Cliffs is a leading North America-based steel producer with focus on va
Clean steel expected to become critical component for vehicle manufacturing
On April 15, it was reported that automakers are increasingly prioritizing the use of low-carbon or “clean steel” in vehicle manufacturing as part of broader efforts to reduce lifecycle emissions.
Steel remains one of the most carbon-intensive materials in vehicle production, accounting for approximately 15% to 27% o
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