The first products are expected to be produced in 2030 US President Donald Trump has announced plans by Mesabi Metallics to build a steelworks in Iowa with an investment of $15 billion. This is reported by Reuters. The new complex will be fully vertically integrated: iron ore from the new Mesabi mine in Nashwak, Minnesota, will be used to produce steel in Iowa. The first phase of the project envisages an annual output of 7.5 million tonnes of steel, with capacity subsequently increasing to 10 million tonnes. The White House has already described this facility as the largest steelworks in US history. According to the White House, the project will create at least 1,750 permanent jobs, as well as up to 6,000 temporary jobs during the construction phase. The total economic impact of the first phase, covering the construction period and the first 10 years o...

It is expected that, over the same period, demand for iron ore in the country will rise to 772 million tonnes The Indian Government has drawn up a new national strategy for the development of the steel industry, which envisages expanding the country’s production capacity to 600 million tonnes per year by 2047. The document is due to be officially published shortly. This was reported by Reuters, citing Sandip Poundrik, Secretary of the Indian Ministry of Steel. At the end of the 2025/2026 financial year, India’s steel production capacity stood at 220 million tonnes. The new strategy aims to meet growing domestic demand, mitigate the risks associated with decarbonisation and ensure the sector’s independence in terms of raw materials. The project aims to reduce average carbon intensity from the current 2.54 tonnes of CO₂ to 1.54 tonnes per ton...

Large companies have moved on from theoretical and research-based initiatives to the stage of testing technologies Mining giant Rio Tinto has begun testing a pilot-scale carbon capture facility at a plant operated by the Chinese steelmaker Shougang Group. This was reported by Reuters. The facility is located at Shougang’s Jingtang site in China. The complex is designed to capture CO₂ contained in blast furnace gas, which is produced during pig iron production. The plant is capable of processing up to 3,000 cubic metres of blast furnace gas per hour and capturing up to 10,000 tonnes of carbon dioxide per year. The launch of this system forms part of a memorandum of understanding signed by Rio Tinto and Shougang in 2022. The document provides for the joint development of technologies designed to reduce carbon emissions at all stages of the production ...

The company’s transformation involves the commissioning of a 2 million metric tonnes electric arc furnace from 2029 The German steel producer Hüttenwerke Krupp Mannesmann (HKM), which is now a subsidiary of Salzgitter, has announced the decommissioning of coke oven battery No. 2 at its plant in Duisburg. This was reported by SteelOrbis. The shutdown, which took place on 16 September 2026, forms part of the company’s strategy to transition to climate-neutral production. Coke battery No. 2 was commissioned in 1984. Its annual capacity was approximately 1.1 million tonnes of coke. Over the course of 42 years, the facility supplied raw materials to HKM’s blast furnaces, producing nearly 45 million tonnes of coke over its entire service life, which significantly exceeded the originally estimated operational lifespan. The shutdown of th...

The unit, with a capacity of 1.6 million tonnes per year, is expected to come on stream in 2030 Slovakia’s largest steel producer — US Steel Košice (USSK) — has approved a large-scale investment programme worth around €900 million. The funds will be channelled into the construction of a new electric arc furnace (EAF) and an air separation unit. This was reported by SteelOrbis. A new electric arc furnace with a capacity of around 1.6 million tonnes per year is expected to come on stream in 2030. It will operate alongside the plant’s existing blast furnaces. This will enable USSK to maintain the reliability of its high-quality steel supplies whilst significantly reducing carbon emissions. The newly commissioned air separation unit will ensure the plant’s stable operation, improve energy efficiency and contribute t...

For its part, India had been counting on a 29–35% increase in quotas India has agreed an individual annual quota for steel exports with the European Union. According to the agreed text of the free trade agreement (FTA), the total quota will amount to 1.64 million tonnes per year. Shipments exceeding this limit will be subject to a 50% EU duty.  This is reported by SteelRadar. The total volume of duty-free exports consists of two parts: 946.6 thousand tonnes — the current quota under the Most-Favoured-Nation (WTO) regime; 694.9 thousand tonnes — an additional preferential quota granted under the free trade agreement. The new aggregate quota will cover approximately 68.4% of the total volume of Indian steel exports to the EU, which stood at around 2.4 million tonnes in 2025 (by way of comparison, the WTO base quota covered only ...