Obiang said on his social media platforms late Wednesday that this investment has the potential to strengthen the country's economy.

The country's steel enterprises have recorded sound production results thanks to the recovery in demand, according to VNA.

PT Krakatau Steel (Persero) Tbk, in Indonesia, has placed an order with SMS group for a state-of-the-art Electrics and Automation system for their hot strip mill no.1. The company, publicly listed and state-owned, operates its plant in Cilegon, Banten, Indones...

Steelmakers around the world, including the US’ Cleveland-Cliffs, South Korea’s POSCO, Europe’s Tata and Australia’s BlueScope, ...

US hot-dipped galvanized (HDG) coil and cold-rolled coil (CRC) prices jumped as mills locked in higher prices.

Multiple mills reported they would follow in Cliffs' footsteps, but no other steelmakers made published announcements today.

In a notable achievement, TAKRAF Group has announced the signing of a major contract between Rio Tinto and TAKRAF concerning development of the Simandou iron ore complex in Guinea.

Integrated steelmaker Cleveland-Cliffs has increased its minimum hot-rolled coil (HRC) price to $1,000/short ton (st).