Steel
Aceros AZA inaugurated the modernization of its rolling mill at the Colina plant on Thursday with a US$ 15 million investment. The event comes as the company negotiates with Grupo CAP to acquire assets from the Huachipato steelworks.
Imeripotiwa na AI
Tata Steel anticipates better margins in the current fiscal year on the back of rising steel prices, domestic volume growth and continued cost savings. The company also projects a significant increase in Indian realisations, supported in part by renewed automotive contracts. Rising raw material costs and European operational challenges could however limit the gains.
An explosion struck Nippon Steel's plant in Muroran, Hokkaido, around 1:10 a.m. on Monday, shaking nearby homes. The blast occurred on a hot stove supplying air to the blast furnace, with no injuries reported and the fire controlled after about seven hours.
Imeripotiwa na AI
The Colombian government published a draft decree this morning raising tariffs to 35% on 13 steel sector tariff items. Daniel Rey, director of the Colombian Chamber of Steel Producers, announced it during the Alacero Summit 2025. The measure aims to counter Chinese imports and boost local competitiveness.