Japan’s Nippon Steel Set to Acquire U.S. Steel for USD 14.9 Billion in Cash

nippon steel

U.S. Steel has been sold to Japan’s Nippon Steel for USD 14.9 billion in cash outbidding Cleveland-Cliffs,  ArcelorMittal, and Nucor. Nippon’s acquisition marks its move toward 100 million metric tons of global crude steel capacity, while significantly expanding its production in the United States. Dec 19, 2023 Japan’s Nippon Steel secured a USD 14.9 billion […]

SMS Group Signs MoU with PT GRP to Drive Green Steel Development in Indonesia

sms group

A MoU was signed between SMS Group and PT Gunung Raja Paksi Tbk at a two-day ‘Focus Group Discussion (FGD)’ event in Jakarta, Indonesia symbolizing their commitment to advancing sustainable steel industry procedures and processes through digital solutions. Oct 19, 2023 SMS group and PT Gunung Raja Paksi Tbk co-hosted a two-day ‘Focus Group Discussion […]

Grow Ever Group’s New Unit to be Commissioned by Mid-2024 in West Bengal

grow ever steel

Grow Ever was founded in 2008, with an intent not just to create another steel manufacturer; but to sculpt a legacy that could redefine the contours of the steel industry. The group has managed to create a niche in the highly competitive market where they are now the leading choice for OEMs for MS ERW […]

SAIL and SMS Group Signs MoU on Sustainable Steel Production

steel factory

SAIL and SMS group signed an MoU to drive developments focused on implementing long-term sustainable steelmaking practices, with a particular emphasis on decarbonizing steel production. Aug 15,2023 SAIL (Steel Authority of India Limited), a Maharatna PSU and SMS group, signed a memorandum of understanding at SAIL’s Management Training Institute (MTI) at Ranchi, Jharkhand on August […]

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