South Korea’s POSCO has started construction of a new hot-dip galvanized steel sheet plant at its Gwangyang Works in South Jeolla Province. The plant is scheduled for completion in 2028 and will specialize in steel sheets for automotive exterior panels. POSCO will invest approximately KRW 480 billion in the facility,
On September 4, Hyundai Steel Company held a ceremonial ground breaking event for its USD 5.8 billion Electric Arc Furnace-based integrated steel mill in Louisiana, the first of its kind in North America.
The new mill in Ascension Parish, Louisiana will be operated by HYUNDAI-POSCO Louisiana Steel LLC (HPLS), a joint
On August 31, the European Commission announced that it has adopted an implementing act establishing the documentary requirements importers must meet to comply with the "melt and pour" traceability provisions of the EU Steel Regulation.
Beginning October 1, 2026, importers must declare the country where steel was ori
On August 25, BMW Group announced that its industry and research partners have developed more sustainable materials for vehicles through the Future Sustainable Car Materials (FSCM) project. The initiative focused on plastics, metals, digital tools and circular design to reduce carbon dioxide emissions and improve mat
On August 25, JSW Steel selected international technology group ANDRITZ to supply a continuous galvanizing line for its steel plant in Toranagallu, Karnataka, India. The line will produce high-quality galvanized steel, including Advanced High-Strength Steel (AHSS) grades, for demanding automotive applications.
AHSS i
Daido Steel Co., Ltd. announced that the Tokai City Fire Department declared a fire at the scrapyard of its Chita Plant in Tokai, Aichi Prefecture, extinguished at 7:55 a.m. on August 16. The fire had broken out on the night of August 11. No equipment was damaged, but one worker sustained a burn on the top of the foo
On August 12, Sandhar Technologies Limited, in an investor update, announced that its new plant for the aluminum die casting business in Avigna Industrial Park, Hosur, Tamil Nadu, is progressing well. It is one of the largest casting business facilities in Sandhar. Phase-1 of the plant is expected to start by the end
On August 12, Waelzholz announced the start of construction of its first manufacturing plant in Mexico with an investment of MXN 1.2 billion.
Located in Ramos Arizpe, Coahuila, the facility is scheduled to begin operations in mid-2028 with an initial production capacity of up to 50,000 metric tons per year of cold-ro
On August 5, Hydnum Steel secured a EUR 150 million investment commitment from the Co-investment Fund (FOCO), managed by COFIDES. The investment will help Hydnum Steel to construct its industrial complex in Puertollano (Ciudad Real), the Iberian Peninsula’s first clean steel plant.
The company plans to commence earth
thyssenkrupp AG (thyssenkrupp) announced that thyssenkrupp Rasselstein GmbH is constructing a large-scale ground-mounted photovoltaic (PV) system on its Andernach plant grounds in Germany, with completion scheduled for mid-2027.
The project is being carried out in collaboration with VSB Integrated Energy Solutions Gm
Aichi Steel Corporation announced on July 30 that construction has commenced on a new forging plant in Ludhiana, Punjab, India, as part of its forging business being promoted in collaboration with Vardhman Special Steels Limited, an Indian specialty steel manufacturer headquartered in Punjab. A groundbreaking ceremon
On July 28, multiple sources reported that Tosyalı Algérie, a subsidiary of the Turkish holding company Tosyalı Holding, produced the first batch of pickled, oiled, and cold-rolled steel products at its new cold-rolling complex. The products will serve the automotive industry, domestic appliances industry, and other
On July 16, Dongfeng Motor Corporation (Dongfeng Motor) announced that it had officially signed the fourth-round strategic cooperation agreement with China Baowu Steel Group Corporation Limited (China Baowu) to further deepen collaboration, and unveiled the Advanced Materials Joint Innovation Center.
Dongfeng Motor a
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
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
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