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Steel

Steel is an alloy of iron and carbon, typically containing less than 2% carbon along with other elements such as manganese, chromium, nickel and molybdenum, and is one of the world's most important industrial materials. The addition of carbon and other alloying elements gives steel superior strength, durability and versatility compared with pure iron, making it essential for construction, manufacturing, transport and infrastructure. Steel production involves either the basic oxygen furnace method, which uses iron ore and coke, or the electric arc furnace route, which recycles scrap steel. Major steel-producing regions include China, which accounts for more than half of global output, India, Japan, the United States and the European Union. The steel industry is a significant consumer of iron ore, coking coal and energy, and its performance is closely tied to construction activity, automotive manufacturing and capital investment cycles. Steel is traded globally both as a finished product in forms such as rebar, plate, coil and structural sections, and as semi-finished products including billets and slabs. Pricing is influenced by raw material costs, energy prices, demand from key sectors and trade policies including tariffs and quotas. The industry faces ongoing challenges related to overcapacity, environmental regulation and the transition to lower-carbon production methods such as hydrogen-based steelmaking. Steel remains a bellwether for economic activity and industrial development worldwide.

Steel News


An image of tin ore
Industrial metals post mixed third-quarter performance, downside risks persist
Updated 5 hours ago By: Tasneem Bulbulia

Industrial metals have come under broad pressure in recent weeks, falling 3.3% month-on-month as of October 7, as expectations of a more hawkish US Federal Reserve weighed on sentiment across the... 


Critical Minerals Conference  Ferroalloys sector balancing geopolitics, tariffs, and the structural path to re-industrialisation
Critical Minerals Conference Ferroalloys sector balancing geopolitics, tariffs, and the structural path to re-industrialisation
9th October 2026

South Africa’s critical minerals sector faces a pivotal moment as energy tariff reforms, port efficiency gains, and global policy shifts intersect to shape the future of local beneficiation. The... 


Ferroalloys sector balancing geopolitics, tariffs, and the structural path to re-industrialisation
Ferroalloys sector balancing geopolitics, tariffs, and the structural path to re-industrialisation
9th October 2026

South Africa’s critical minerals sector faces a pivotal moment as energy tariff reforms, port efficiency gains, and global policy shifts intersect to shape the future of local beneficiation. The... 


Southern African Institute of Steel Construction CEO Amanuel Gebremeskel
SAISC confirms fabricating members being negatively affected by structural steel shortages
9th October 2026 By: Terence Creamer

The Southern African Institute of Steel Construction (SAISC) has confirmed that its fabricating members have experienced supply constraints following the closure of ArcelorMittal South Africa's... 


Steel bars
India steel ministry unlikely to seek new curbs on cheap imports, government source says
7th October 2026 By: Reuters

India's steel ministry is unlikely to push for any new measures to curb cheap imports in the near term, turning down a request from domestic steelmakers, according to a government source with... 


People work in a processing plant at Dinson Iron and Steel Company in Mvuma, Zimbabwe
Tsingshan's Zimbabwe steel unit partners with state rail firm to boost haulage capacity
6th October 2026 By: Reuters

The Zimbabwean steelmaking unit of Chinese metals giant Tsingshan Holding Group on Monday signed a partnership deal with the National Railways of Zimbabwe (NRZ) to expand capacity for coal and... 


Thyssenkrupp Materials Services or tk accelis operation
Thyssenkrupp targets October 28 for listing of materials trading unit, sources say
5th October 2026 By: Reuters

Thyssenkrupp is targeting October 28 for the separate listing of its materials trading division tk accelis on the German stock exchange, according to two people familiar with the matter. The... 


Photo of Terence Creamer
Costly delay
2nd October 2026 By: Terence Creamer

The difficulties being faced by South Africa’s steel industry extend beyond the well-documented problems of primary steelmaking. Epitomised by the recent mothballing by ArcelorMittal South Africa... 


An image of people sorting through aerosol cans for potential reprocessing
Metal packaging closes loop on circularity
2nd October 2026

As packaging manufacturers, brand owners and retailers continue to focus on labelling, traceability, product identification and increasingly sophisticated barcoding technologies, the substrate on... 


There are reports of shortages of some long-steel products used by downstream industry
Call made for extended long-steel rebate coverage amid reports of shortages
2nd October 2026 By: Terence Creamer

There are fresh moves under way to persuade government to implement additional duty rebates on long-steel products being imported into South Africa amid reports of supply shortages that have arisen... 


Manganese mines and ports.
South Africa’s Tshipi puts 828 000 t of manganese through Namibia’s Port of Lüderitz
30th September 2026 By: Martin Creamer

The plan-beating sale of manganese ore by Jupiter Mines in its financial year 2026 (FY26) included 828 000 t going through the Port of Lüderitz in Namibia, the ASX-listed company stated in its... 


Hertha Metals pure iron production
High-purity iron producer Hertha secures $133m in venture capital funding for single-step production scaling
30th September 2026 By: Marleny Arnoldi

US-based high-purity iron producer Hertha Metals has closed a $133-million Series A venture capital funding round, which includes a $65-million equity investment from the US government through the... 


Steel coils
India targets 600-million tons steel capacity by 2047, secretary says
29th September 2026 By: Reuters

India's new steel policy plans 600-million metric tons of steelmaking capacity by 2047 and is a roadmap for the next two decades, the country's steel secretary said on Tuesday, adding that it will... 


Cleveland-Cliffs steelmaking
Cleveland-Cliffs to idle output at Canada steel plant, blames tariffs
29th September 2026 By: Reuters

Cleveland-Cliffs is idling some production at its Hamilton, Ontario plant in Canada and will lay off hundreds of workers, citing the damage done by US tariffs, CBC News said on Monday. Citing an... 


Mesabi Metallics' iron-ore mine in Minnesota
Trump unveils $15bn planned Iowa steel project
28th September 2026 By: Reuters

US President Donald Trump on Monday said that a Minnesota company plans to build a multi-billion-dollar steel mill in Iowa, handing the administration a marquee manufacturing investment to showcase... 


Coal-fired power plant in India
India burns through coal stockpiles in rush to ease power gap
28th September 2026 By: Bloomberg

India’s power plants are rapidly exhausting coal inventories as generators ramp up production to offset weak hydro and the evening drop-off in solar output, prompting the government to invoke an... 


Shougang's Jingtang steel plant in China
Rio Tinto commissions carbon-capture trial at China's Shougang steel plant
28th September 2026 By: Reuters

Mining major Rio Tinto said on Monday it had commissioned a trial facility to capture carbon dioxide from blast-furnace gas at Chinese steelmaker Shougang Group's operations. The facility is... 


Coal mine
China’s coking coal supply squeeze seen lingering into 2027
23rd September 2026 By: Bloomberg

China’s coking coal squeeze is set to persist into next year, supporting strong import demand even as efforts to revive domestic output start to cool prices. The supply shock triggered by the... 


Photo of Terence Creamer
Share the strategy
18th September 2026 By: Terence Creamer

Most South African manufacturers, besides those few companies benefitting from market tailwinds linked to the deadly conflict disrupting shipping in the Strait of Hormuz, are under strain. The pain... 


Fortescue iron-ore mine
Iron-ore firms on China pre-holiday restocking, demand uncertainty caps gains
17th September 2026 By: Reuters

Iron-ore prices rose for a second session on Thursday, as Chinese steelmakers stepped up seaborne purchases ahead of a national holiday, although shrinking steel mill margins clouded the demand... 


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pqt: 0.097s - ct: 0.146s - 275pq - 2rq
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