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Steel producers association unhappy with tariff remission program extensions
15+ hour, 17+ min ago (191+ words) OTTAWA " The head of the Canadian Steel Producers Association says Ottawa's latest extension of a program that offsets the cost of tariffs in some sectors fails to encourage domestic firms to diversify away from the United States. The horizontal tariff…...
Foundation Alloy Raises $22 Million Series A To Scale Metals FIRST Platform, Open New U. S. Facility, And Expand Into Asia
42+ min ago (332+ words) Foundation Alloy announced a $22 million Series A financing round to scale production of its Metals FIRST platform, a solid-state metallurgy technology designed to produce advanced alloys without traditional melt-based manufacturing processes. The round was led by Voyager Ventures and included…...
BHP and Rio Tinto turn to India as steel demand outlook shifts beyond China
1+ hour, 36+ min ago (206+ words) Global mining majors BHP and Rio Tinto have highlighted India as a key long-term growth market for iron ore and metallurgical coal, as slowing steel demand in China pushes the global steel industry's growth outlook increasingly toward South Asia and…...
Turkish steel sector watches EU quota changes, Middle East supply risks and Ukraine reconstruction opportunities
3+ hour, 4+ min ago (204+ words) A sectoral meeting held online by Turkey's Foreign Steel Trade Association on June 18 discussed the expected quota changes in Europe as of July 1, supply fragility in the Middle East stemming from the Strait of Hormuz, opportunities that Ukraine's reconstruction process…...
ALLPLAN brings SDS2 steel detailing software to Germany
54+ min ago (279+ words) ALLPLAN has introduced SDS2 in Germany, expanding the availability of its steel detailing and fabrication software beyond North America. The software is designed for steel structural engineers, fabricators and engineering firms, and combines BIM-based modeling, connection design and fabrication workflows in…...
Thyssenkrupp plans to spin off its materials trading division
4+ hour, 2+ min ago (296+ words) News Companies Thyssenkrupp Print 132 17 June 2026 The German industrial conglomerate Thyssenkrupp plans to spin off its materials trading division, tk accelis (formerly Thyssenkrupp Materials Services, TKMS). This is stated in a company announcement. The decision is due to be approved at…...
British Industrialists Call for Relaxation of Steel Import Tariffs Ahead of 1 July 2026 Deadline - News and Statistics
1+ hour, 46+ min ago (598+ words) British industrial leaders are pressing the government to promptly revisit the newly imposed constraints on steel imports, as reported by Bloomberg. The business sector is demanding that these terms be softened prior to the tariffs taking effect on 1 July 2026. The…...
India Iron Ore Imports Jump 50% in Jan-May 2026: Big Mint Data - News and Statistics
5+ hour, 55+ min ago (354+ words) India imported roughly 4. 8 million tonnes of iron ore and pellets in the opening five months of 2026, a near 50% jump compared to the 3. 2 million tonnes recorded during the equivalent period a year earlier, according to Big Mint. This report provides a…...
Business News | India's Steel Capacity Utilisation to Stay Above 90% on Strong Demand: Kotak
2+ hour, 46+ min ago (560+ words) New Delhi [India], June 17 (ANI): As India's steel demand remained robust in May, surging nearly 9 per cent on Yo Y, industry capacity utilisation is expected to stay above 90 per cent in the medium term, as per a report by Kotak…...
India's steel capacity utilisation to stay above 90% on strong demand: Kotak
3+ hour, 3+ min ago (383+ words) The Economic Times New Delhi: As India's steel demand remained robust in May, surging nearly 9 per cent on Yo Y, industry capacity utilisation is expected to stay above 90 per cent in the medium term, as per a report by Kotak…...