Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Voestalpine is expanding its production capacity in Indiana, USA, with a USD 78 mln investment to meet the demands of new long-term contracts with two global truck manufacturers for the North American market. The…
Jindal Stainless, India's largest stainless steel manufacturer, has commissioned its nickel pig iron smelter facility in Halmahera Islands, Indonesia, eight months ahead of schedule, according to a stock exchange…
Tosyali's subsidiary in Angola, Tosyali Iron & Steel Angola SA (TISA), is set to establish a new integrated steel facility in collaboration with Angola's state oil company, Sonangol. The facility will be located at the…
Primetals Technologies has received the final acceptance certificate (FAC) from Yantai Walsin Stainless Steel for a new stainless steel combination mill in Yantai, Shandong Province, China. This mill, which can produce…
Japan's Mitsui & Co., Ltd. will establish a new electrical steel sheet processing facility in Skarbimierz, Poland, the company announced. The new entity, named Polska-Mit Steel sp. z o.o., will begin operations in April…
Man Industries (India) has announced plans to establish a new plant in Dammam, Saudi Arabia, with an estimated project cost of over USD 71 mln, according to a stock exchange filing. The new facility will feature line…
Achv Aceros has awarded Danieli Centro Tubes a contract to supply two advanced ERW tube mills for its new facility in Monterrey, Mexico. These mills will manufacture welded structural tubes with yield strengths up to…
Outokumpu, a global leader in sustainable stainless steel, began its foray into the metal powder market for additive manufacturing nearly a year ago. In April 2023, the company launched a pilot project to produce metal…
Makstil AD has selected Danieli technologies to overhaul the reheating furnace at its plate mill in Skopje, North Macedonia. This upgrade will involve a complete redesign of the reheating process, utilizing Danieli's…
The Federation of Thai Industries (FTI) has warned that the Thai steel industry may face dominance by Chinese companies establishing factories in the country, according to local media reports. FTI Chairman Kriengkrai…
Technomak, a turnkey EPC company specializing in oil and gas, FPSO, and renewable energy sectors, has unveiled a major expansion plan in the Hamriyah Free Zone (HFZA), Sharjah. To meet rising global demand, Technomak…
Salzgitter Group and RWE Supply & Trading have secured a long-term green electricity supply agreement for up to 64 gigawatt-hours annually. This seven-year contract will commence in 2027. The green electricity will be…
Dongkuk Coated Metal Co. (Dongkuk CM), a subsidiary of South Korea's Dongkuk Holdings Co., has agreed to acquire Aju Steel Co., a color-coated steel specialist, in a USD 93.4 mln deal. This acquisition will position…
Tata Steel Nederland has selected Primetals Technologies to provide a pellet pot testing facility for its pilot plant in IJmuiden, the Netherlands. Primetals will design, supply, and implement the equipment, including a…
Liberty's technology partner has secured financial support for a significant investment at the Dunaujvaros steelworks in Hungary. In principle, China's CISDI Engineering and China's Export and Credit Insurance…
Ternium plans to complete its new 2.6 mln-ton slab steel mill in Pesqueria, Nuevo Leon, Mexico, by mid-2026. This expansion, the largest in the company's history, will boost its capabilities in the USMCA region…
Baoshan Iron & Steel Co. Ltd., a leading Chinese steel producer, has successfully completed the initial rolling of bars using the Kocks Reducing & Sizing Block (RSB) in its new SBQ rolling mill. This investment enhances…
Shagang Group has commissioned new Castrip lines at its Zhangjiagang plant in Jiangsu Province, China, according to equipment supplier, Primetals. Since introducing Castrip technology in 2018, Shagang has invested in…
Tata Steel Ltd reported a consolidated profit of INR 960 crore (USD 114.6 mln) for the quarter ending June 30, 2024, marking a 51pct increase YoY. However, revenue from operations fell by 8pct YoY to INR 54,771 crore…
Thyssenkrupp Rasselstein has awarded SMS group a contract to supply switch-mode power modules for its electrolytic tinning line in Andernach, Germany. The line, originally supplied by SMS group in 2005, will receive 44…
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