Poland has launched a USD 1.1 billion support program through its state-owned BGKbank to help companies enter the African market.

Ministry of Steel warns that prices below cost threaten industry expansion

Overall, the market enters the holiday period with few positives.

Iron-ore miner BHP Group and steelmaker Posco have signed a memorandum of understanding to advance hydrogen-based ironmaking technology as part of efforts to decarbonise the steel sector, the companies said last week.

Sao Paulo-traded shares of Vale rose about 2% on Friday.

Both production and domestic demand have decreased noticeably compared to 2024, while the share of imports in total consumption remains high.

World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was141.8 million tonnes (Mt) in September 2025, a 1.6% decrease compared to September 2024.

Kazakhstan's metallurgical sector showed mixed results over the first nine months of2025, according to the latest industrial production data.