China plans to slash 20 million tonnes of steel capacity in 2019

30 January 2019 Latest Steel Market News SpaceX plans to build a stainless steel rocket (North America): SpaceX, a private American aerospace manufacturer based in California, plans to build a rocket ship which would be made of stainless steel substituting the more expensive carbon fibre composites. The rocket is expected to endure 1500 degrees Fahrenheit

ThyssenKrupp plans to shift to hydrogen-based steel production

24 January 2019 Latest Steel Market News ThyssenKrupp plans to shift to hydrogen-based steel production (Europe): ThyssenKrupp has announced a plan to shift its steel production process from coal to hydrogen by 2050, aiming to reduce emissions. The company would invest $22.7 billion to accomplish this goal in the next 30 years. Steel production accounts