Market News Today — AI-Curated Stock & Crypto Headlines

China's government is targeting steel and refining capacity in an effort to address overcapacity issues, a move that could impact the global steel and energy markets.

BlueScope Steel Ltd.

Bolivia's state steel company is considering deducting $100 million in losses from a loan repayment to the Export-Import Bank of China, potentially impacting the bank's financials and the country's relationship with China.

Steel Dynamics and SGH have increased their bid for BlueScope Steel to $11 billion, in an attempt to win over shareholders after the initial offer was rejected.

Serbian residents are opposing a $2.8 billion oil refinery project backed by Chinese state-owned companies due to concerns over pollution, while the Serbian government is keeping the deal's framework agreement secret, citing it as a 'business secret'.

South African steel processors have approached the Development Bank of South Africa to potentially take control of ArcelorMittal SA's struggling local unit, indicating a possible shift in ownership and management of the company's South African assets.

Wells Fargo predicts an increase in M&A activity in the US steel industry due to President Trump's tariffs on foreign steel imports.

Mercuria Energy Group has formed a joint venture with Tata's trading unit, expanding its presence in the energy market.

Metinvest, a Ukrainian mining and steel firm, is testing investor appetite for a new bond after failing to reach a debt restructuring deal with existing noteholders, indicating potential financial strain and increased borrowing costs.

Nippon Steel Corp.

Turnaround investor Flacks is targeting a takeover of British Steel as part of a plan to create a European metals group, indicating a potential consolidation in the industry.

Steel Partners Holdings LP has made an offer to acquire a 51% majority stake in InMode Ltd.