Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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China's Dalipal Holdings, led by Chairman Meng Fanyong, has signed a letter of intent to build a seamless steel pipe factory at Saudi Arabia's King Salman Energy Park (SPARK). The plant will cover more than 1,000,000 m2…
Chinese steel producer Shougang has selected Danieli's Zero Bucket technology to become the first in China to produce automotive-exposed grades using EAF. Shougang is the first BF-BOF steelmaker in China to achieve…
Korea's Posco Group is considering selling Posco Zhangjiagang Stainless Steel (PZSS) in China, part of a broader effort by Chairman Jang In-hwa to restructure low-profit and non-core assets, according to the local media…
Tata Steel Ltd reported a consolidated profit after tax of INR 759 crore (USD 90 mln) for the quarter ended September 30, 2024, marking a 17.4pct YoY decrease. However, the company rebounded significantly from a loss of…
SteelAsia Manufacturing Corporation, a major steel producer in the Philippines, recently shipped 14,200 tons of high-strength rebar valued at USD 8.8 mln to Canada from its Davao mill. This marks the first time that…
Italian steel producer Feralpi Siderurgica, part of the Feralpi Group, has granted the final acceptance certificate (FAC) to Primetals Technologies for the successful revamp of its 6-strand billet caster at the Lonato…
Nithia Capital and Evonith Steel have announced the successful recommissioning of Blast Furnace 1 (BF1) at Evonith Steel City in Wardha, near Nagpur, Maharashtra, according to a company press release. BF1 is a 450 m3…
Shyam Metalics and Energy Ltd. (SMEL), an Indian steel producer, has officially launched a new blast furnace and sinter plant at its Jamuria facility, as announced in a stock exchange filing. The project, which involved…
AM/NS India, a joint venture between ArcelorMittal and Japan's Nippon Steel, plans to establish an integrated steel project in the Anakapalli district of Andhra Pradesh, targeting a capacity of 17.8 mln tons. The…
Italian steel producer Acciaierie d'Italia (ADI) has signed a Memorandum of Understanding (MoU) with DRI d'Italia SpA, marking a formal agreement to collaborate on the construction of a 2.5 mln ton per year direct…
United States Steel Corporation reported net earnings of USD 119 mln for Q3 2024, a decrease from USD 299 mln in the same quarter last year. U.S. Steel President and CEO David B. Burritt highlighted that the adjusted…
Oman's Al Jazeera Steel Products Co. reported significant profit growth for the first nine months of 2024, with profit reaching OMR 3.9 mln (USD 10.1 mln), a 62pct increase YoY, driven by strong construction demand in…
Nucor Tubular Products Marseilles has awarded Danieli Centro Tube a contract for a new orbital cut-off saw for its 5K-ERW mill in Marseilles, Illinois, USA. This saw will cut welded tubes up to 6 5/8 inches (168 mm) in…
India's JTL Industries Limited has successfully expanded its Raipur facility's capacity from 100,000 to 200,000 tons per annum, according to a recent stock exchange filing. This expansion brings JTL's total pipe…
Turkish steel producer Kardemir has announced an investment to expand its production capacity for value-added steel products and boost competitiveness, according to a stock exchange filing. The company plans to install…
India's JSW Group has signed a Memorandum of Understanding (MoU) with South Korea's Posco Group, establishing a framework for collaboration in steel, battery materials, and renewable energy sectors in India, according…
Lloyds Metals & Energy Ltd. has selected Sarralle to build a new greenfield meltshop in Ghugus, Maharashtra, India. The facility, slated to produce 1.2 mln tons of long steel products annually, will be designed…
Axpo Italia, a leader in renewable energy, has signed a Power Purchase Agreement (PPA) with Tenaris to supply Dalmine, Tenaris' seamless steel tube factory in Italy, with 15 GWh of certified green energy annually. This…
NLMK Clabecq has launched "InThinity", an advanced process technology for producing quarto heavy plates with high precision, standardly achieving thicknesses of up to 15 mm. According to NLMK Clabecq, InThinity marks a…
Jindal (India) Limited, part of the B.C. Jindal Group and a leading manufacturer of downstream steel products in India, has signed a supply agreement with John Cockerill India Limited for a state-of-the-art colour…
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