Page 94 - Steel Metallurgy eMagazine Volume September 2026

GLOBAL STEEL BRIEFS

GSCC Members ArcelorMittal Signs OECD Steel Outlook

Avoid 32.5 Million AI Collaboration with 2026: Excess Capacity
Tonnes of COn AWS; Agrees XCarb to Grow Through
Across 2023-2025 Green Steel Supply to 2028; India Remains
Amazon Facilities
the Bright Spot
he Global Steel Climate rcelorMittal announced
Council (GSCC) announced a strategic collaboration he OECD's Steel Outlook
Tthat nine certified producer Awith Amazon Web Services 2026 warns that global
members collectively avoided over (AWS) to deploy cloud computing, Tsteel demand contracted
32.5 million metric tonnes of COn- AI, and edge technologies across 2.6 per cent in 2025 — the fourth
equivalent emissions between 2023 global steelmaking operations, consecutive year of decline — with
and 2025 through low-carbon alongside a multi-year supply near-stagnant demand projected
technologies — demonstrating framework for XCarb lower-carbon for 2026. Global excess capacity is
meaningful decarbonisation within steel to Amazon facilities and AWS set to grow through 2028, driven
the existing technology envelope. data centres. The deal is among the by subsidised additions outside
The milestone is directly relevant most prominent corporate green the OECD, intensifying pressure
to Indian exporters: as CBAM steel procurement agreements on profitability globally. India,
obligations intensify, alignment globally. ArcelorMittal separately Southeast Asia, and MENA remain
with internationally recognised confirmed 2026 shareholder returns the strongest growth exceptions. The
frameworks like GSCC, alongside will exceed policy minimums, with World Steel Association separately
India's own Green Steel Taxonomy, its fully diluted share count reduced projects 0.3 per cent global demand
will increasingly determine export 38 per cent since September 2020 growth in 2026, recovering to 2.2 per
competitiveness into Europe. through ongoing buybacks. cent in 2027.

GLOBAL BRIEFS

Algoma Steel Resumes EAF Production in Canada

Algoma Steel Group enacted interim arrangements to resume EAF production in early September 2026 following a temporary
pause, signalling renewed momentum for one of Canada's most closely watched green steel transitions.

Danieli to Supply Rebar and Wire Rod Mill to Tanzania

Danieli will supply a new rebar and wire rod mill to GSM Tanzania Ltd. at Kilimanjaro Industrial Park — part of a growing
pipeline of African steel infrastructure investment driven by urbanisation and construction demand.

Only 30% of Chinese Steelmakers Profitable as of Early September
Industry data showed just 30 per cent of Chinese steelmakers were profitable as of 4 September 2026, down from 61 per cent a
year earlier. Blast furnace utilisation fell to 89.08 per cent and pig iron output declined week-on-week, with rebar futures near
two-week lows at CNY 3,105 per tonne.

Salzgitter Names New CFO as SALCOS Green Steel Project Advances
Salzgitter AG named Christoph Martin as CFO (effective 1 October 2026), part of a leadership transition as the German steel-
maker advances its SALCOS hydrogen-based green steel transformation in Lower Saxony.
Bull Moose Tube Acquires Hanna Steel Corp.

US tube producer Bull Moose Tube Co. acquired structural and mechanical steel producer Hanna Steel Corp. in September
2026, consolidating North American capabilities in structural and mechanical steel tubular products.

92 STEEL & METALLURGY SEPTEMBER 2026