South Korea’s Posco Group announced that it had reached a basic agreement with India’s JSW Group for a full-scale business partnership. In October 2024, the two parties signed a memorandum of understanding (MOU) for a partnership in some business areas, including steel and secondary battery materials. The production

On August 21, Mercedes Benz and TSR Group GmbH & Co. KG announced that they are expanding their 2024 partnership with an “urban mining” pilot project to recycle end-of-life vehicles. The goal is to recover high-quality raw materials and reuse them in new Mercedes-Benz cars.
Starting in summer 2025, vehicles in northw

On August 19, 2025, the U.S. Department of Commerce announced that it is expanding the list of goods subject to Section 232 tariffs on steel and aluminum imports. The Department of Commerce will add 407 additional product categories to the list of derivative steel and aluminum products covered by the sectoral tariffs

According to multiple reports, Cleveland-Cliffs Inc., the second-largest steelmaker in the U.S., has signed fixed-price steel supply contracts with multiple U.S. automakers. Notably, these contracts have durations extending up to three years, whereas steel contracts to automakers traditionally have a shorter duration

On August 15, 2025, prior to leaving for a meeting with Russian President Vladimir Putin, U.S. President Donald Trump said that he plans to set sector-specific tariffs on steel and semiconductor imports in the coming weeks.
"I'll be setting tariffs next week and the week after on steel and on, I would say, chips." Tr

Announced on August 4, 2025, Yongjin Metal Technology (Thailand) Co., Ltd. broke ground on its new plant at WHA Eastern Seaboard Industrial Estate 3 (Chonburi), investing over THB 4.5 billion on a 179,000 sqm site. The project reflects the group’s confidence in Thailand as a key regional manufacturing base.
Part of C

On July 23, BMW announced that its Steyr plant, Austria collaborated with voestalpine Stahl GmbH for advanced electrical steel from voestalpine’s Linz site, which will be used in BMW’s next-generation electric motors.
The advanced steel will be used in the rotors and stators of BMW’s sixth-generation (Gen6) electric

Reported on July 12, 2025, Thai auto parts manufacturers are bracing for the impact of steep U.S. tariffs and volatile global steel prices, which are two developments threatening to disrupt the automotive supply chain. The Federation of Thai Industries (FTI)’s Auto Parts Industry Club recently convened to address the

On July 14, Tata Steel announced a groundbreaking event for its electric arc furnace (EAF) facility in Port Talbot. This is part of a GBP 1.25 billion transformation to low-CO2 steelmaking, supported by a GBP 500 million investment from the UK Government. EAF will be commissioned at the end of 2027. 
It is expected t

thyssenkrupp Steel Europe AG and the IG Metall union have reached a new collective restructuring agreement, Steel Realignment, to secure the company’s long-term competitiveness.
The new agreement, which runs until September 30, 2030, builds on the industrial concept presented in November 2024 and the agreement in pri

On July 9, the Minister of Industry, Algeria visited the Tosyali iron and steel complex in the municipality of Bethioua, Oran. Tosyali iron and steel complex is working on a new expansion project for flat iron production for the automotive and vehicle industry. It will help to develop the local supply chain for the a

On July 9, Tata Steel UK announced a new research initiative, ADAPT-EAF (Accelerating the Development of Automotive and Packaging steel Technology for Electric Arc Furnace production) aimed at developing a new generation of advanced steel products from its EAF. It will address controlling residual elements in high-re

thyssenkrupp AG (thyssenkrupp)’s subsidiary, thyssenkrupp Steel Europe AG, has launched its new high-tech facilities at the Duisburg location in Germany, following around two years of construction and assembly work.
With an investment of around EUR 800 million, the facilities focus on producing stronger, thinner prem

Reported on June 30, 2025, the Federation of Thai Industries (FTI) has called on the Industry Ministry to implement strict controls to address the oversupply of rolled steel in Thailand. 
A freeze on new factory construction and capacity expansion for at least 5 years was recommended. The current oversupply situation

On July 2, PPG and ArcelorMittal announced a major step forward in reducing the carbon footprint of automotive manufacturing. The collaboration combines advanced steelmaking technologies with next-generation electrocoat solutions. The results were presented at the SURCAR automotive painting conference in Cannes, Fran

thyssenkrupp AG (thyssenkrupp)’s subsidiary, thyssenkrupp Hohenlimburg, has invested a low double-digit million-euro amount to modernize Walking Beam Furnace 3 (HBO 3) at its site in Germany.
The modernization ensures compliance with future environmental and safety regulations, reduces energy consumption, enables hyd

On June 26, SSAB entered into an agreement with Polmotors, a Tier automotive 1 supplier, for the future supplies of fossil-free steel for their structural automotive components and assemblies.
The collaboration aims to explore the potential of fossil-free materials in tough automotive applications by combining SSAB’s

On June 23, Louisiana's Clean Hydrogen Task Force was briefed by Hyundai officials outlining their USD 6 billion vision for a hydrogen-integrated steel mill in Ascension Parish that is projected to be operational by 2029, calling it a "catalyst for the hydrogen ecosystem" in the state.
Hyundai North America Senior Vi

On June 24, voestalpine announced that it has been selected by BYD as the first supplier for its new plant in Hungary. Starting in autumn 2025, voestalpine will supply high-quality flat steel for car bodies and outer skin components to BYD in Szeged, Hungary, from its Linz plant. 
voestalpine has set new standards in