Nippon Steel has significantly expanded its global presence by acquiring U.S. Steel for $14.9 billion, making it the third-largest steel producer worldwide.
The UK government and Tata Steel have reached an initial agreement over a £1.25 billion plan to make the Port Talbot plant in South Wales more eco-friendly.
Steel plate prices found bullish support month-over-month and China's newfound economic growth aided grain-oriented electrical steel prices after wavering.