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BHP and Rio Tinto to build a pilot green pig iron plant in Australia

The start of commercial operation is expected in 2028Australian mining giants BHP, Rio Tinto and steelmaker BlueScope Steel have selected the Kwinana Industrial Zone south of Perth as the site for a pilot low-carbon pig iron plant. The project, called... Read more

China,Steel,Technology › Steel: this method produces liquefied iron 3600 times faster

Chinese researchers have developed a new method for producing liquefied iron, called "flash iron-making," which is not only faster but also more environmentally friendly. This process could revolutionize the global steel industry, particularly for steel production.Traditionally, steel is produced by... Read more

Aluminium,India › Reddy Pai Metals Opens Aluminium Foundry in India, Expanding Production and Recycling Capabilities

Reddy Pai Metals has launched an aluminium foundry in India, enhancing its production capacity and ability to manufacture high-quality metal products from recycled materials. This facility aligns with the company’s ongoing focus on sustainability and efficient resource management.Founded in 2007,... Read more

ThyssenKrupp,Steel › German steel giant ThyssenKrupp to slash 11,000 jobs

Germany's largest steelmaker ThyssenKrupp has announced a plan to cut its current workforce by more than a third by the end of the decade.German industrial giant ThyssenKrupp Steel Europe on Monday announced a plan to shrink its workforce from the current 27,000 to... Read more

Iron Ore › Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMI

Iron ore prices are forecast to maintain an average of $100/tonne in 2025 as China’s sluggish property sector continues to subdue demand, says BMI, a unit of Fitch Solutions.According to a report published Nov. 15, BMI analysts say they expect iron ore... Read more

Pig Iron,Grey Iron › US Grey Cast Iron Market Faces Sourcing Hurdles and Global Price Pressures, Leading to Market Stability

The Grey Cast Iron market in the United States is experiencing a subtle landscape of challenges and opportunities, with production levels and pricing strategies undergoing significant scrutiny. In the weeks ending November 15th and 22nd, Grey Cast Iron prices remained stable... Read more

Pig Iron › Global pig iron production increased by 8% m/m in October

Global pig iron production in October 2024 increased by 8% compared to the previous month to 118.3 million tons. Compared to October 2023, the figure increased by 2.5%. This is reported by Ukrmetalurgprom with reference to data from the WorldSteel Association.World pig... Read more

Steel,Brazil › Brazil - CBA moves to exit Alunorte with stake sale

Deal with the Glencore subsidiary includes a 3.03% minority share for R$236.8 millionCompanhia Brasileira de Alumínio (CBA) has entered into an agreement with a subsidiary of Glencore, the Swiss mining giant, to divest its stake in Alunorte, one of the... Read more

Germany,Steel › Germany increased steel production by 7.7% m/m in October

Pig iron production increased by 11.3% m/m, and rolled iron – by 7.4% m/mIn October 2024, German steelmakers increased steel production by 7.7% compared to the previous month to 3.22 million tons. Compared to October 2023, the figure increased by... Read more

Iron Ore,CSN,Itochu,Brazil › Itochu to buy 10.74% stake in Brazil's CSN's iron ore unit for $769 million

TOKYO : Japan's Itochu Corp said on Wednesday that it agreed with Brazil's steel company Companhia Siderúrgica Nacional (CSN) to buy a 10.74 per cent stake in CSN's iron ore unit CSN Mineracao (CM) from CSN for about 4.42 billion... Read more

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