Glencore Plc said on Wednesday it will stop funding the loss-making Koniambo Nickel SAS (KNS) business it co-owns in New Caledonia at the end of February, adding to pressure on the troubled nickel sector in the French Pacific territory.

the US steel import market share in August 2023 was estimated at 21 percent, compared to 21 percent in July and 22 percent year-to-date.

The greenfield smelter capacity in Kalinganagar will be commissioned by FY26, and mining expansions will take six to seven years.

Steel producers globally are attempting to slash the climate impact of an industry that accounts for about 8% of energy sector emissions

Alacero expressed "its concern regarding the process of regulation and implementation" of the EC's carbon border adjustment mechanism.

Robust steel exports from China have emerged as a major driver supporting steel production at a time when demand activity from the country's largest steel consumer -- the property sector -- has remained muted for the most part of this year.

Moody's Investors Services has upgraded Tata Group-backed leading steelmaker, Tata Steel's ratings to investment grade with a Baa3 issuer rating. Also, the rating agency has assigned the company's outlook to 'Stable' from positive. Further, it withdrew the com...

“We have already had initial discussions with the major incumbent steelmakers in the US,” Chathu Gamage, principal at RMI said.