Japan’s JFE Steel Corp. is investing 157.5 billion rupees ($1.7 billion) in a joint venture (50:50) with India’s JSW Steel. This is stated in a statement by JFE Steel.

World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 143.3 million tonnes (Mt) in October 2025

Poland has launched a USD 1.1 billion support program through its state-owned BGKbank to help companies enter the African market.

Ministry of Steel warns that prices below cost threaten industry expansion

Overall, the market enters the holiday period with few positives.

Iron-ore miner BHP Group and steelmaker Posco have signed a memorandum of understanding to advance hydrogen-based ironmaking technology as part of efforts to decarbonise the steel sector, the companies said last week.

Sao Paulo-traded shares of Vale rose about 2% on Friday.

Both production and domestic demand have decreased noticeably compared to 2024, while the share of imports in total consumption remains high.