Steel market news

Indonesia's Nickel Industry Embraces New Pricing Formula to Boost EV Battery Production

Indonesia's nickel industry adopts a new pricing formula to lower costs for nickel ore used in EV batteries, aiming to boost production and safeguard the HPAL sector essential for battery materials. >>

Stegra Collaborates with Leading Maritime Firms to Enhance European Green Steel Logistics

Stegra teams up with top maritime firms like ESL Shipping and Royal Wagenborg to boost European green steel logistics, enhancing the efficiency and sustainability of its supply chain from Boden across Europe. >>

VMP Aims to Lead in Additive Manufacturing with $51M Revenue and Global Expansion

VMP, a Chinese manufacturer of metal powders for additive manufacturing, aims for global expansion with anticipated $51M revenue by 2025, focusing on sectors like aerospace and medical. >>

EGA Invests $408M to Revive Al Taweelah Smelter, Partial Production Resumed

EGA invests $408M to restore Al Taweelah smelter, resuming 18% operation post-damage. The plant targets full recovery by Q1 2027, with the refinery at 50% capacity and export strategies revised. >>

Eramet Resumes Operations at World's Largest Nickel Mine in Indonesia

Eramet resumes operations at the Weda Bay nickel mine in Indonesia, the world's largest, after halting due to quota limits. The company plans to update its 2026 nickel sales guidance amid discussions with Indonesian authorities. >>

Klöckner Stock Skyrockets 53% Amid Takeover Offer and Strong Steel Demand in 2026

Klöckner & Co SE stock jumped 53% in 2026 due to strong steel demand and a takeover bid by Worthington Steel, boosting investor confidence and corporate valuation. >>

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