Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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India's Jindal Steel & Power Limited (JSPL) has acquired Haryana-based steel manufacturer Allied Strips Limited (ASL) for INR 217.53 crore (USD 25.4 mln) in cash through its wholly owned subsidiary, Jindal Steel Odisha…
NS-Siam United Steel Co., Ltd. (NS-SUS), a subsidiary of Nippon Steel Corporation, will invest approximately USD 58 mln to expand its electric plating line (EPL) in Thailand. The expansion aims to meet rising demand for…
SSAB, a global steel manufacturing leader, has awarded SMS group an Early Services Agreement for a cold rolling complex at its Lulea, Sweden facility. This project highlights SSAB's commitment to sustainable steel…
Turkey's HRC exports rose nearly 11pct YoY in January 2025, reaching approximately 124,000 tons, according to the Turkish Statistical Institute (TUIK). Greece was the top importer, receiving 24,000 tons, followed by…
Iron ore futures dipped on Thursday as market sentiment weakened following the latest U.S. tariff announcement. Global stock markets plunged after U.S. President Donald Trump imposed tariffs on nearly all imports…
ArcelorMittal Nippon Steel India (AM/NS India) has begun acquiring land in Anakapalli district, Andhra Pradesh, for its planned integrated steel plant in Rajayapeta. The initial payment has been made, and possession is…
Iron ore futures climbed on Wednesday, supported by improving market fundamentals, though demand concerns persist. Rising steel production, driven by seasonal demand and improved mill margins, bolstered market…
Chinese authorities have introduced new export tax regulations aimed at optimizing export services and improving tax compliance. These changes will particularly impact steel exports from Chinese traders who were…
Marcegaglia Gazoldo Inox has awarded Tenova, a leading provider of sustainable solutions for the green transition of the metals industry, a contract to modernize and restart its 20-Hi Cold Rolling Mill at the Gazoldo…
Iron ore futures dipped on Friday as market sentiment remained cautious amid a slight rise in port inventories and escalating trade tensions. While the most-traded iron ore contract posted a weekly gain, driven by…
The General Authority of the Suez Canal Economic Zone (SCZone) has signed an agreement with XinFeng Egypt to establish an integrated manufacturing complex in Sokhna, local media reported. The project, spanning 3.75 mln…
Iron ore futures extended gains on Thursday, buoyed by robust steel demand in China's domestic market, although concerns over long-term demand remain. Inventory levels of major finished steel products in Chinese…
Thyssenkrupp Steel has completed the modernization of a Walking Beam Furnace (WBF) at its Bruckhausen Plant in Duisburg, Germany, with Tenova receiving the Final Acceptance Certificate for the project. The upgraded…
Iron ore futures edged higher on Wednesday, supported by firm near-term demand, though the broader outlook remains uncertain due to steel production curbs by some Chinese mills. Chinese steelmakers have ramped up output…
The European Commission (EC) has strengthened steel safeguard measures to protect EU steel producers from surging imports, reducing the liberalization rate from 1pct to 0.1pct, which significantly limits the volume of…
Iron ore futures rose on Tuesday, supported by strong near-term demand, though gains were limited due to steel output reductions in some regions of China. Expectations of strong steel demand during the spring season and…
India has signed 42 agreements with 25 companies for the production of high-end steel under the second round of the Production-Linked Incentive (PLI) Scheme for specialty steel, with an estimated investment of nearly…
South Korea's Hyundai Motor Group plans to invest USD 5.8 bln in a new ultra-low carbon steel mill in Donaldsonville, Ascension Parish, to supply its U.S. automotive plants. Spanning 1,700 acres, the facility will be…
Iron ore futures surged on Monday as Chinese steel mills ramped up production, fueling positive market sentiment. However, long-term demand concerns remain. With the anticipation of stronger steel demand in the spring…
International technology group Andritz has secured an order from ArcelorMittal Calvert to supply an annealing and coating line, along with a cold rolling mill, for its new state-of-the-art electrical steel facility in…
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