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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


tk accelis warehouse for trading
Thyssenkrupp's tk accelis valued at close to $2bn in German market debut
28th October 2026 By: Reuters

Shares in materials trader tk accelis were valued at €1.77-billion ($1.97-billion) in their stock market debut on Wednesday as parent Thyssenkrupp pressed ahead with its transition to a holding... 


Iron-ore operation
Iron-ore hits two-year low as concerns over China demand dominate
27th October 2026 By: Reuters

Iron-ore prices slid on Tuesday to their lowest in more than two years, weighed down by mounting concerns over demand prospects in top consumer China. The most-traded iron-ore contract on China's... 


Hot rolled steel
LME debuts first contract from Shanghai exchange collaboration
27th October 2026 By: Reuters

The London Metal Exchange's (LME's) new hot-rolled coil steel contract, the first product to come out of its collaboration with the Shanghai Futures Exchange, began trading on Tuesday. It is the... 


Khumani iron-ore mine
China's tug-of-war with Australian miners lurks beneath iron-ore calm
26th October 2026 By: Reuters

If China's iron ore market was to be judged by import volumes alone, the image would be one of gentle and steady growth. But beneath the calm picture presented by imports of the main steel raw... 


Canada Industry Minister Melanie Joly
Canada gives Cleveland-Cliffs 15 days to reverse planned job cuts
23rd October 2026 By: Reuters

Canada on Thursday gave US steelmaker Cleveland-Cliffs 15 days to reverse planned job cuts at an Ontario steel mill or face sanctions that could include a forced divestiture of the plant. Ottawa... 


US Steel's Clairton plant
Nippon Steel to spend $3bn in US Steel plant equipment upgrade, Nikkei reports
23rd October 2026 By: Reuters

Nippon Steel will invest about $3-billion in the US Steel-operated Mon Valley works in Pennsylvania to upgrade the plant's hot rolling facility, the Nikkei newspaper reported on Thursday. The move... 


Canadian steel
Canada, Ontario unveil multi-billion steel and auto support package
22nd October 2026 By: Reuters

Canada and the province of Ontario on Wednesday unveiled a C$9-billion ($6.4-billion) support package to help the steel and auto sectors deal with US tariffs and also boost critical mineral support... 


Yandicoogina mine
China's State iron-ore buyer agrees new annual supply contract with Rio Tinto, sources say
21st October 2026 By: Reuters

China's State iron-ore buyer has agreed a new supply deal for the key steelmaking ingredient with Rio Tinto, people with knowledge of the matter said. China Mineral Resources Group (CMRG) verbally... 


Cleveland-Cliffs operation
Cleveland-Cliffs shares jump on raising 2027 outlook, first quarterly profit in 2 years
20th October 2026 By: Reuters

US steelmaker Cleveland-Cliffs raised its 2027 core profit forecast on Monday, after stronger prices and lower costs helped it post its first quarterly profit in more than two years. Shares of... 


ferrochrome smelting
Africa's minerals value-add drive interests investors but faces energy hurdle
19th October 2026 By: Reuters

As African nations push miners to build refineries and smelters at home, government and industry officials say a major obstacle risks crimping investment: a shortage of cheap, reliable electricity.... 


Cleveland-Cliffs steelmaking
Canadian steelmakers offset some US tariff pain with domestic demand
16th October 2026 By: Reuters

Canada's steel industry, among the sectors hit first and hardest by US President Donald Trump's tariffs, is starting to turn a corner thanks to an uptick in mining, energy and AI data center... 


Vale CEO Gustavo Pimenta
Vale says high costs making 10% of iron-ore market lose money
16th October 2026 By: Bloomberg

The head of top iron-ore producer Vale estimates that a surge in energy and freight costs triggered by conflict in the Middle East is making about 10% of supply in the global seaborne market... 


Manganese mines and ports.
SA’s Tshipi puts 828 000 t of manganese through Namibia’s Port of Lüderitz
16th October 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... 


Iron-ore in truck
Iron-ore slips to two-year low on concerns over weak demand, hiking supply
15th October 2026 By: Reuters

Iron-ore prices slipped for a third straight session on Thursday to their lowest level in more than two years, weighed down by persistent concerns over weak demand in top consumer China and... 


Coal mine in India
Blackouts hit Indian factories as coal crunch feeds into economy
12th October 2026 By: Bloomberg

Indian factories, smelters and households are being hit by blackouts and rising energy costs as the impact of plunging coal stockpiles at the country’s power stations ripples through the economy.... 


Hertha founder and CEO Dr Laureen Meroueh
US high-purity iron producer Hertha Metals starts commercial plant build in Texas
12th October 2026 By: Marleny Arnoldi

High-purity iron producer Hertha Metals has broken ground on its Chalyx plant, which is the US' first commercial plant for magnet-grade high-purity iron. The Texas-based plant will use a... 


Iron-ore in wagons
Iron-ore prices seesaw as restocking hopes counter rising supply
12th October 2026 By: Reuters

Iron-ore prices rose on Monday, supported by expectations of restocking by Chinese steelmakers following a week-long holiday, although prospects of increased supply capped gains. The most-traded... 


An image of tin ore
Industrial metals post mixed third-quarter performance, downside risks persist
9th October 2026 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... 


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pqt: 0.023s - ct: 0.061s - 105pq - 2rq
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