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ArcelorMittal anticipates a 2 percent rise in global steel demand this year, excluding China. The company expects steel production and shipments to grow in all regions by 2026. European mills are set to benefit from new trade measures. ArcelorMittal's sales saw a slight dip in 2025, but net income significantly increased. View More
Mumbai: ArcelorMittal , among the world's largest integrated steel producers, Thursday projected a 2% increase in global demand for steel this calendar year, ex-China. "The company forecasts steel production and shipments to increase across all regions in 2026 versus 2025, supported by operational improvements and the impact of trade protections," it said. "In Europe in particular, ArcelorMittal is expecting to benefit as domestic mills progressively regain market share from imports with the combined effect of CBAM ( Carbon Border Adjustment Mechanism ) and the new TRQ (tariff rate quota) mechanism strengthening through the year," the company said in an earnings release. In 2025, ArcelorMittal's sales fell to $61.35 billion from $62.44 billion a year ago. Net income for the year rose to $3.15 billion from $1.34 billion a year ago. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
The Government has floated a consultation paper on making partial use of green steel mandatory in public sector projects of Railways and infrastructure sector View More
Dilip Oommen, CEO, said the company would have the first mover advantage in meeting the demand for green steel in domestic markets View More
At 500 billion yen, the convertible bonds ?issuance would be the ?largest of its kind in Japan, according to LSEG data. View More
As Tata Steel announces its Q3 earnings on Friday, all eyes will be on the turnaround in its UK business, European carbon tax and its plan to secure raw materials domestically View More
Markiplier's film 'Iron Lung' has taken the box office by storm. It earned over twenty million dollars on a small budget. Fans of the YouTuber flocked to see his first major movie. This success shows creator-made films can rival big studio productions. YouTube's CEO praised this achievement. It marks a significant shift for independent creators in the film industry. View More
There was a significant uptake in the production of hot metal reaching 19,401 tonnes per day compared with the 9,215 tonnes produced in the second quarter of 2024-25 View More
Markiplier's independently made film, Iron Lung, achieved a surprising box office success, debuting at No. 2 in North America with $17.8 million. The self-financed and self-distributed movie, based on a video game, earned a global total of $21.7 million, proving that creators with strong fan support can achieve significant success without major studio backing. View More
Within this landscape, Tata Steel’s Indian operations do not export to the US, though its UK unit does. In contrast, JSW Steel, with facilities in Ohio and Texas, produces steel locally, shielding it from import tariffs. Hindalco exports negligible aluminium and no copper from India to the US due to strong domestic demand. View More
Smaller steel companies and associations are raising concerns over a government proposal to remove area limits for mining leases. They fear this could allow large corporations to monopolize natural resources. This move might lead to artificial shortages and price hikes. The government is seeking public consultation on changes to the Mines and Minerals Act. View More
Mumbai: A group of smaller steel players and associations are opposing the Centre's proposal to remove the statutory area limits on the acquisition of mining leases for specific minerals, as they believe it could lead to monopolisation of natural resources by larger players. This, in turn, could lead to an artificial shortage in supply and a jump in prices, they said. The proposal is also contrary to the stance taken by the government in 2022. The government is proposing a change in the Mines and Minerals (Development and Regulation) Act, 1957, for which it has put out a public consultation letter at the start of the year. "There are about 30 minerals in India, and one or two large companies in each of these, which will be looking to acquire large assets," a senior industry official said. "So companies with deeper pockets will continue to increase their area while smaller players will not get a share of these minerals." Under Section (6) of the Act, there is a limit of 10,000 sq km for a reconnaissance permit, 5,000 sq km for exploration licence, 25 sq km for prospecting licence and 10 sq km. for a mining lease. The government is currently empowered to increase the area limits for a prospecting licence or a mining lease for particular minerals in particular areas. "Allowing acquisition of disproportionally large mineral bearing areas would defeat the present system of auctioning of mineral concessions through fair and transparent mechanism," the government had said in its public consultation in 2022. "There is need to fix the area limits rationally to ensure that there is a fair and equitable chance for allocation of natural resources for common good." .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)