US Steel ‘s $ 116 million loss
United States Steel Corporation reported a net loss of $ 116 million , or $ 0.52 per share , in the first quarter of 2025 , compared to a net profit of $ 171 million , or $ 0.68 per share , in the same period in 2024 . Financial details for the first quarter […]
POSCO’s positive financial performance in the first quarter of 2025
South Korean steelmaker POSCO announced its consolidated financial results for the first quarter of 2025. The company achieved operating profit of 568 billion Korean won ( equivalent to 403.61 million US dollars ) . This is an increase compared to 95 billion won in the fourth quarter of 2024 but a decrease from 583 billion […]
SSAB Sweden invests $74 million to increase heat treatment capacity in Alabama
Swedish specialty steels producer SSAB announced plans to invest around $ 74 million to expand its heat treatment capacity at its plant in the US state of Alabama . The move will allow SSAB to strengthen its position in the US market and offer American customers higher – quality products . Project details :
India and Britain finalize free trade agreement ( FTA )
On Wednesday , May 7 , the governments of India and the United Kingdom announced that they had finalized a free trade agreement (FTA) and double taxation convention after three years of negotiations . British Prime Minister Keith Starmer announced : ” Today we have reached a historic agreement with India – one of the […]
Turkish rebar exports down 17.1 % in first quarter of 2025
According to preliminary data released by the Turkish Statistical Institute ( TUIK ), Turkey ‘s rebar exports reached 185,661 metric tons in March this year , an increase of 289.7 percent compared to February and 35.6 percent compared to the same period last year . The value of these exports reached $ 107.84 million in […]
