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Hyundai Steel cuts rebar production at Incheon plant as demand weakens
South Korean steelmaker Hyundai Steel will suspend half of its rebar production at its Incheon plant, responding to declining demand due to the slowdown in the domestic construction sector, according to local media reports. With the aim to secure sustainable competitiveness in the long products business, the company will close its 90-ton electric furnace and associated small rolling mill equipment at the Incheon plant, which accounts for roughly 80,000-90,000 mt per year of rebar production capacity.

MERED partners with Emsteel on high-strength steel solutions for construction in UAE
United Arab Emirates-based real estate developer MERED has announced that it has entered into a strategic memorandum of understanding with Emsteel, the country’s largest steelmaker, to formalize cooperation on the application of high-strength reinforcement steel across both existing and future real estate developments in the UAE.

Spain’s Galmed Steel to provide galvanization services for Stegra’s near-zero-emission steel
Sweden-based green steel producer Stegra has announced that it has entered into a letter of intent with Spain-based Galmed Steel for the provision of galvanization services for low-emission steel products.
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