The Minister of Industry, Mine and Trade, outlining the latest status of the restoration and reconstruction of damaged industrial infrastructure, announced the return of the majority of petrochemical and steel units to the production cycle and guaranteed stable supply of steel sheets for downstream industries.

Having experienced an unplanned turbine outage at its Lake Superior Power facility, Algoma Steel expects a 65% drop in its third-quarter steel shipments.

India's new steel policy plans 600-million metric tons of steelmaking capacity by 2047 and is a roadmap for the next two decades, the country's steel secretary said on Tuesday, adding that it will be released to the public domain soon.

Cleveland-Cliffs is idling some production at its Hamilton, Ontario plant in Canada and will lay off hundreds of workers, citing the damage done by US tariffs, CBC News said on Monday.

China has committed to importing at least 10 million tonnes of coal from the United States in 2027 and 2028, according to the White House, in an agreement reached following a meeting between the leaders of the two countries aimed at easing trade tensions and facilitating bilateral commerce.

In line with implementing the free trade agreement, India's annual steel export cap to Europe has been set at 1.64 million tons; volumes exceeding this amount will be subject to 50% tariffs.

According to the latest report from the World Steel Association, global crude steel production in August 2026 fell 1.2% year-on-year to 144.2 million tons. China, the world's largest steel producer, saw a 3.7% decline in output, while Vietnam recorded 36.4% growth.

Baoshan Iron & Steel of China has successfully obtained a patent for a method and device for controlling production rhythm in the hot charge rolling (HCR) process—a technology developed to achieve more precise synchronization between continuous casting and rolling, increase utilization of residual heat from slabs, reduce preheating furnace energy consumption, and improve production efficiency.

Indonesia has launched an anti-dumping investigation into imports of galvanised steel products from China, the Trade Ministry said in a statement on Tuesday.

Indian steel prices are expected to rise further in the coming weeks as a post-monsoon pickup in infrastructure and automotive demand tightens the market while higher coking coal costs lift production costs of mills, executives and analysts said.