Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Network Steel Group (NSR) has entered into a five-year power purchase agreement (PPA) with Statkraft and Fortia Energia to secure a stable electricity supply and support sustainable growth. The deal will help the group…
Posco and Hanwha Ocean have signed an MOU in Seoul to jointly develop ultra-high strength, giga-class, steel for next-generation naval ships. The collaboration covers six areas, including steel materials, welding…
Egypt's Trade Remedies Sector at the Ministry of Investment and Foreign Trade has held a public hearing for stakeholders as part of its investigation into safeguard measures on hot-rolled steel flat imports. The session…
Hoa Phat Dung Quat Steel, a subsidiary of Hoa Phat Group, has completed a major capacity expansion at its Dung Quat 2 facility in Quang Ngai Province, Vietnam. Working with SMS group, the company installed and…
Egypt's Ministry of Industry has announced a package of incentives to attract investment in cold-rolled, galvanized, and color-coated steel production. The measures aim to strengthen the country's industrial base…
Iron ore futures declined on Tuesday as disappointing manufacturing data weighed on sentiment. China's manufacturing PMI edged up to 49.8 in September from the previous month but remained in contraction for the sixth…
Chinese steelmaker Shanxi Jingang New Materials Technology has contracted Primetals Technologies to supply a new thin-slab casting and rolling plant using Arvedi ESP (Endless Strip Production) technology at its Jincheng…
Iron ore futures fell on Monday as demand concerns deepened ahead of China's October holidays. Iron ore consumption has slowed as mills completed restocking before the October 1-8 break, reflected in rising inventories…
The European Commission (EC) has imposed definitive anti-dumping duties on imports of certain hot-rolled flat products of iron, non-alloy, or other-alloy steel from Egypt, Japan, and Vietnam. The measures effective for…
Iron ore futures fell on Friday as slowing demand ahead of China's October holidays weighed on sentiment. The market had been supported earlier in the week by pre-holiday restocking, but sources noted most mills have…
Iron ore futures rose slightly on Thursday, supported by restocking demand ahead of China's National Day holidays (October 1-8), though the longer-term outlook remains bearish. Chinese steel mills continue to replenish…
U.S. Steel's Board of Directors has approved the next phase of capital investments, reinforcing its strategic partnership with Nippon Steel. The collaboration has already delivered efficiency gains across U.S. Steel's…
Iron ore futures were flat on Wednesday as an uncertain demand outlook weighed on sentiment. The market continues to draw some support from restocking ahead of China's October holidays and higher steel production in…
JISCO Hongxing Iron & Steel Co., Ltd. has successfully commissioned its new 4,200mm heavy plate mill, rolling the first plate on 28 August 2025. The project expands JISCO's production capacity beyond the limitations of…
Shougang Jingtang has awarded Fives a contract to supply a new vertical annealing furnace for its continuous galvanizing line No. 9, designed for automotive steel grades with an annual capacity of 450,000 tons. The…
Iron ore futures fell on Tuesday as weak steel demand weighed on market sentiment. Pre-holiday restocking ahead of China's early October holidays provided some support, but sluggish steel consumption and high production…
Wuhan Iron & Steel Co. (WISCO), a subsidiary of China Baowu Steel Group, has signed the Final Acceptance Certificate (FAC) with SMS group for the successful modernization of its No. 2 hot strip mill in Wuhan, China. The…
India's Directorate General of Trade Remedies (DGTR) has recommended the imposition of anti-dumping duties on imports of cold-rolled non-oriented electrical steel (CRNO) from China, following its final findings. The…
U.S. Steel Kosice, Slovakia's largest steel producer, has signed a three-year contract with Harsco Environmental, a division of Enviri Corporation, for scrap cleaning services. Harsco has also entered into a five-year…
Iran exported 1.44 mln tons of finished steel products in the first five months of the Iranian year to August 22, down 7pct YoY, according to the Iranian Steel Producers Association (ISPA). Exports of long steel…
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