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Australia on Thursday allocated A$1 billion ($636 million) to a fund that will support the manufacture of green iron and its supply chains, including an initial A$500 million to bail out the Whyalla steelworks in South Australia.

Australia on Thursday allocated A$1 billion ($636 million) to a fund that will support the manufacture of green iron and its supply chains, including an initial A$500 million to bail out the Whyalla steelworks in South Australia.

The government will impose up to 38.02 percent antidumping tariffs on steel plates from China, accepting Hyundai Steel's claim that the oversupply of low-priced Chinese products has damaged the domestic industry.

Brazilian steelmaker Gerdau may opt to bump up its output capacity in the United States instead of building a new plant in Mexico, its CEO said on Thursday, as tariffs implemented by President Donald Trump shake up global trade.

The economic and geopolitical conditions that have affected the European steel market over the past two years show no signs of improvement and have further deepened their negative impact on the sector in 2024.

First quarter 2025 report. Data up to, and including, third quarter 2024.

Kevin Dempsey, president and CEO of the American Iron and Steel Institute, released the following statement on the memorandum issued by President Trump regarding reciprocal trade.

Anglo American subsidiary Kumba Iron Ore has reported a 17% lower total dividend for the year ended December 31, on the back of steel market and iron-ore pricing dynamics.