Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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SAIL (Steel Authority of India) has signed a Memorandum of Understanding (MoU) with John Cockerill India, an industrial equipment supplier, to explore joint initiatives aimed at advancing solutions for the steel…
Marcegaglia Stainless Sheffield, located in the UK, has partnered with Primetals Technologies to optimize production at its Sheffield minimill. The modernization project aims to double the plant's annual capacity from…
Swedish steel producer, SSAB has chosen SMS group to construct a 190-ton electric arc furnace (EAF) in Oxelosund, which is set to be one of the largest installations in the world with an upper shell diameter of 9.3…
Germany's largest steelmaker, Thyssenkrupp, has announced plans to cut jobs and reduce production capacities as it grapples with overcapacity, rising cheap imports from Asia, and competitive pressures. Under its…
ArcelorMittal, a major steel producer, has announced a pause on its steel decarbonization investments in Europe, citing unfavorable policy, energy, and market conditions. The company had planned to replace several blast…
Bengang Steel Plates Co., Ltd. (Benxi), a leading Chinese steel producer, has successfully rolled its first bar using the new Kocks RSB (Reducing & Sizing Block) 370++/4. The state-of-the-art RSB is now fully…
SAIL has awarded Danieli a contract for the design and construction of a state-of-the-art bar mill and a new reheating furnace on a turnkey basis. Located in Durgapur, India, the new bar mill will incorporate advanced…
SMS group has signed a contract with WISDRI Engineering & Research Incorporation and JISCO Carbon Steel to develop the world's first reference plant combining Hot Strip Mill (HSM) and Compact Strip Production (CSP)…
Tata Steel has successfully introduced biochar (biomass-based charcoal) at its Jamshedpur plant, advancing its sustainability efforts and moving closer to its Net Zero target by 2045. Since January 2023, the company has…
JSW Steel Italy S.r.l., a subsidiary of JSW Steel Ltd., has signed a commercial agreement with Metinvest Adria S.p.A., as announced in a press release. This agreement follows the Memorandum of Understanding (MoU) signed…
British Steel, the UK's sole rail manufacturer, has opened a GBP 10-mln (USD 12.6 mln) rail stocking facility, the largest of its kind in the country. Located at its headquarters in Scunthorpe, where most UK rail is…
Ovako has reached a key milestone in its sustainable steel-making journey. In the summer of 2024, the furnace at its Boxholm facility in Sweden was rebuilt to switch from oil to a more environmentally friendly oxyfuel…
South Korean steelmaker Posco has announced the closure of its Wire Rod Plant 1 at the Pohang steelworks in North Gyeongsang Province. The decision was attributed to a persistent global oversupply of steel, an influx of…
Corinth Pipeworks, the steel pipes division of Cenergy Holdings, is enhancing its competitive edge through strategic investments aimed at increasing production capacity and efficiency. To support its growing customer…
Major Chinese steel producer, Baowu Steel Group has signed two contracts with Tenova, a provider of sustainable solutions for the green transition of the metals industry. The first contract involves the supply of four…
Swiss Steel Group announced plans to adjust capacities due to challenging economic conditions and persistently weak demand. The measures include reducing approximately 800 full-time positions across its Swiss and…
Primetals Technologies has upgraded the automation systems at the finishing mill of SAIL Bokaro's hot-strip mill in Bokaro Steel City, Jharkhand, India, completing the project 26 months after starting, one month ahead…
Turkey's Tosyali Toyo Celik, a joint venture between Tosyali and Japanese steel firm Toyo Kohan, is investing USD 200 mln to expand production capacity at its Osmaniye plant, according to local media reports. Board…
Severstal has invested RUB 5.5 bln (USD 56 mln) to upgrade the environmental equipment of blast furnace No. 5 (BF-5). The overhaul includes the installation of a modern dust collector to improve the efficiency of blast…
Turkish steel producer Borcelik has chosen international technology group Andritz to supply a combi-line furnace for a new continuous galvanizing and annealing line dedicated to automotive-grade materials. The line…
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