China’s electric-arc furnace steelmakers boosted weekly capacity utilization to the highest in more than two years, as the greener production method becomes more competitive https://t.co/VrPMdVsRgG ...

Tokyo Steel’s stock surged as much as 21% after activist fund Oasis disclosed a stake in the Japanese firm and said it may make proposals https://t.co/BMgBmEaQij ...

Exclusive: The Trump administration said it would reshape its tariffs on steel, aluminum and copper products to help simplify compliance. The net effect of the changes could effectively raise costs for many imports. https://t.co/ov7y5iXcHb ...

The Trump administration said it will maintain 50% tariffs on many imported steel, aluminum and copper products https://t.co/BqGAeKk9xW ...

Iran's two largest steel plants shut down due to strikes, companies say https://t.co/1R7xQV2vGj ...

RT Arash Reisinezhad (@arashreisi)In the 1960s, under the Shah, the United States declined to help Iran build a steel industry, preferring it remain a supplier of raw materials rather than an industrial power. Iran turned the Soviet Union instead and built it anyway.Yesterday, the Mobarakeh Steel Complex, the largest industrial unit in Iran and the largest steel producer in the Middle East, in Isfahan was struck by the U.S. and Israel. What was once denied as development is now treated as a threat. Once bui ...

US to Set 25% Tariff on Finished Steel, Aluminum Goods, WSJ Says https://t.co/UaVzlb49Gp ...

Core Viewpoint - Algoma Steel Group Inc. is undergoing a significant transformation with the completion of its transition to Electric Arc Furnace (EAF) steelmaking, which is expected to enhance operational efficiency and reduce carbon emissions by approximately 70% [3][6]. Financial Performance - Total steel shipments for the quarter ended March 31, 2026, are projected to be around 220,000 tons [2]. - Adjusted EBITDA is anticipated to be in the range of negative $25 million to negative $35 million, factoring in a capacity utilization adjustment of approximately $90 million to $95 million [2]. Strategic Transition - The company has completed the wind-down of its blast furnace and coke oven operations, marking a pivotal moment in its transformation to EAF steelmaking, supported by nearly $1 billion in investments [3]. - The EAF is operational around the clock, producing Volta™, a sustainable low-carbon steel brand, aimed at meeting the Canadian market's needs [3][7]. Market Positioning - As Canada's sole producer of discrete plate, Algoma is strategically positioned to cater to increasing demand in sectors such as infrastructure, construction, and defense [3]. - The transition to EAF steelmaking aligns with the company's commitment to sustainability and is expected to provide stability for ongoing investments in diversification projects [6]. Product Development - Volta™ represents Algoma's new brand for steel produced through EAF technology, emphasizing lower emissions while maintaining performance standards [7].

Sovereign Demand for Minerals Should Keep Lifting This Metals and Mining ETF - 24/7 Wall St. S&P 5006,514.90 +2.61% Dow Jones46,298.40 +2.28% Nasdaq 10023,684.20 +3.18% Russell 20002,488.09 +3.07% FTSE 10010,233.00 +1.51% Nikkei 22552,759.80 +3.40% Stock Market Live March 31, 2026: S&P 500 (SPY) Pops on News Trump Could End War Investing Sovereign Demand for Minerals Should Keep Lifting This Metals and Mining ETF By Rich DupreyPublished Mar 31, 2:11PM EDT Quick Read iShares MSCI Global Metals & Mining Pr ...

Core Viewpoint - Worthington Steel has successfully exceeded the minimum acceptance threshold of 57.5% for its voluntary public tender offer for Kloeckner & Co, securing approximately 58.8% of Kloeckner's issued share capital, and an additional acceptance period is available until April 14, 2026 [2][4]. Company Overview - Worthington Steel is a metals processor specializing in carbon flat-roll steel processing and other customized solutions, operating 37 facilities across seven states and ten countries, with approximately 6,000 employees [7][9]. - Kloeckner is one of the largest independent steel and metal processors, with a distribution network of around 110 locations, serving over 60,000 customers and reporting sales of approximately €6.6 billion in fiscal year 2024 [10]. Offer Details - The initial acceptance period for the tender offer ended on March 26, 2026, and the offer includes an all-cash price of €11.00 per share, representing a 98% premium over Kloeckner's three-month volume-weighted average share price as of December 5, 2025 [5]. - The management boards of both companies have assessed the offer as attractive and recommend that Kloeckner shareholders accept it [5]. Future Plans - Following the completion of the offer, Worthington Steel intends to enter into a domination and profit and loss transfer agreement (DPLTA) with Kloeckner and may consider structural measures such as a potential delisting of Kloeckner or a squeeze-out of minority shareholders [4]. - The completion of the offer is subject to regulatory approvals and is expected to occur in the second half of 2026 [4].