Agreements between relevant organizations will expand a common approach to measuring and classifying greenhouse gases The non-profit organization ResponsibleSteel announced partnerships with the China Iron and Steel Association (CISA) and the European Low Emission Steel Standard (LESS) at COP30. The agreements between the parties, whose activities cover about 60% of global steel production, are an important step toward internationally agreed carbon standards. They extend a common approach to measuring and classifying greenhouse gases. “By bringing together some of the world’s largest steel industries, the agreements pave the way for increased investment, green procurement, technology sharing, and international cooperation in sustainable steel production,” ResponsibleSteel said in a statement. The agreements also send a signal to g...

During January-October, the indicator grew by 3.1% y/y In October 2025, Italian steel companies increased steel production by 2.2% compared to October 2024, to 1.99 million tons. Compared to the previous month, the figure increased by 6%. This is evidenced by data from the industry association Federacciai, SteelOrbis reports. During January-October, steel production by Italian steelmakers increased by 3.1% compared to January-October 2024, reaching 17.26 million tons. Flat steel production in October decreased by 2.6% compared to October last year and by 12.2% month-on-month, to 779,000 tons, while long steel production increased by 11.6% year-on-year and remained at the previous month’s level, at 1.2 million tons. In January-October, flat steel production increased by 4.7% y/y – to 7.6 million tons, and long steel production increased by 4.4% &nd...

The company will use Minnesota Ore DR rollers American steel producer US Steel plans to add a new direct reduced iron (DRI) plant to the Big River Steel complex in Arkansas, according to Talk Business & Politics. Details, including the cost of the project and its implementation schedule, will be announced later. “The new DRI plant at the Big River Steel Works in Arkansas will position our mini-mill segment as a leader in advanced and sustainable steel production,” US Steel spokeswoman Amanda Malkowski told the publication. She added that this will strengthen US Steel’s advantage in the raw materials sector and domestic supply chain. The investment underscores the partnership with Nippon Steel. The DRI plant in Arkansas will use DR pellets from Minnesota Ore and produce DRI raw materials for electric arc ...

Production amounted to 72 million tons, declining for the fifth consecutive month In October 2025, Chinese steel companies reduced steel production by 12% compared to October 2024, to 72 million tons. Compared to the previous month, the figure fell by 2%. This is evidenced by data from the National Bureau of Statistics of the PRC, Bloomberg reports. This is the fifth consecutive monthly decline in production, resulting in steel production for January-October of this year falling to 818 million tons (-4% y/y). Weakening consumption in Asia’s largest economy is putting pressure on Chinese steel mills, forcing them to cut production. The prolonged downturn in the real estate sector and weaker industrial growth are reducing order volumes, while excess capacity and low margins are preventing prices from strengthening. Recent government signals about the n...

The future of Chinese steel industry will likely depend primarily on demand China is taking a measured approach to reviving its steel industry, improving prospects for high-end companies while avoiding steps needed to significantly reduce steel supplies, Bloomberg writes. China’s new five-year plan focuses heavily on promises to stimulate consumption and innovation in the economy. However, the government’s campaign to combat overcapacity and destructive competition, including in the steel sector, has attracted less attention than expected. Instead, Beijing appears to be intent on delaying restrictions on steel companies – a matter of years rather than months. In October this year, the Chinese Ministry of Industry and Information Technology proposed stricter rules for capacity exchange. In particular, those that provide for the modernization of plant...

The recovery observed in the third quarter may come to an end Chinese steel mills are facing new pressure amid rising raw material costs. This factor threatens to reduce profits after a strong third quarter, according to Bloomberg. Overall industry profitability improved in July-September. However, analysts warn that the recovery may stall due to the impact on raw material price margins. Iron ore futures in Singapore have risen for the fourth consecutive month, while coking coal in Dalian has reached its highest level in nearly a year. Qin Cui, president of the China Iron and Steel Research Institute, said at a recent conference that Chinese mills’ profits have begun to decline again. Manufacturers using electric arc furnaces are still operating at a loss. At the same time, spot margins for mills producing rebar, hot-rolled coil, and billets have fallen to...