China Baowu Steel Group Corporation on Thursday signed investment agreements with the Shandong provincial government on the takeover of the state-owned Shandong Iron and Steel Group Co Ltd.

The proposed purchase of US Steel by Nippon Steel has made a big splash since it was disclosed last week.

POSCO, a leading steelmaker in Korea, faced accusations of mislabeling its steel as "eco-friendly" while using coal-fired blast furnaces.

In line with earlier announcements, Periama Holdings LLC, a subsidiary of an undisclosed corporation, has recently concluded the acquisition of the remaining 10% stake in JSW Steel (USA) Inc.

They argue against allowing foreign companies to acquire American entities, asserting that it undermines established trade protections.

As of 2022, Baosteel's parent company, Baowu Group, emerged as a global steel leader, producing a staggering 131.84 million metric tons of crude steel.

JSW Steel USA Ohio Inc., a wholly-owned subsidiary of India's JSW Steel Limited, is embarking on a transformative journey with plans to raise $145 million in long-term debt funding.

In a significant economic upheaval, ArcelorMittal South Africa, the continent's largest steelmaker, has announced the closure of its operations in Newcastle and Vereeniging.