China Baosteel’s First-Half Net Profit Climbs 7.4%
Wedoany.com Report-Aug. 28, On August 27, 2025, Baoshan Iron & Steel Co., China’s largest listed steelmaker, known as Baosteel, announced a 7.4% increase in its first-half net profit, reaching approximately 4.88 billion yuan ($682 million), compared to 4.55 billion yuan in the same period of 2024. The results, disclosed in a filing to the Shanghai Stock Exchange, reflect the company’s resilience despite softer demand in the domestic steel market.
JSW Steel, POSCO to Explore Setting up Steel Plant in India
Wedoany.com Report-Aug. 18, JSW Steel, India’s largest steelmaker by market capitalization, and South Korea’s POSCO announced a partnership to explore establishing a new integrated steel p...
China’s Tsingshan to Invest $800 Mln in Its Zimbabwe Steel Plant
Wedoany.com Report-Aug. 16, On Friday, Tsingshan Holding Group, a major Chinese nickel producer, revealed plans to invest $800 million in its central Zimbabwe steel plant, operated by Dinson Iron and ...
Rio Tinto Says No Economic Incentive for Green Steel in Australia
Wedoany.com Report-Aug. 8, Rio Tinto, a major mining company, expressed concerns about the feasibility of establishing a "green iron" sector in Australia to support decarbonization efforts in the stee...
Lincoln Electric Fully Acquires Alloy Steel
Wedoany.com Report-Aug. 6, Lincoln Electric, based in Cleveland, Ohio, USA, announced on August 6, 2025, the complete acquisition of Alloy Steel Australia and its related businesses. The financial ter...
China Needs to Cut 2025 Steel Output to Meet Decarbonisation Target, Report Says
Wedoany.com Report-Jul. 22, China aims to reduce steel production from coal-powered blast furnaces by over 90 million metric tons from 2024 levels to meet its green steel objectives this year, accordi...
NCC Partners With Ssab for Emission-Free Steel Mill in Luleå, Sweden
Wedoany.com Report-Jul. 4, NCC, a construction company, and SSAB, a steel manufacturer, have signed a partnership agreement to plan and build a new emission-free steel mill in Luleå, Sweden. The...
ARENA Announces Funding for Lower-Emissions Steel Pilot in Australia
Wedoany.com Report-Jun 22, The Australian Renewable Energy Agency (ARENA) has committed A$19.8 million (US$12.9 million) to support the NeoSmelt steel pilot project in Kwinana, Western Australia. Desc...
Arcelormittal Drops Plans for Green Steel in Germany Due to High Energy Costs
Wedoany.com Report-Jun 20, On Thursday, ArcelorMittal, the world’s second-largest steelmaker, announced it would not proceed with plans to convert its steel plants in Bremen and Eisenhuettenstad...
Nippon Steel’s Purchase of U.S. Steel Closes, With Big Role for Trump
Wedoany.com Report-Jun 19, On Wednesday, Nippon Steel, a major Japanese steel company, completed its $14.9 billion acquisition of U.S. Steel, a historic American steelmaker based in Pittsburgh, Pennsy...