Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Thailand's G J Steel Public Company Limited announced that it will provide services to G Steel Public Company Limited by using its skin pass facility for inspection, flattening of coils, and other services to address…
Egypt's Ezz Steel has received shareholder approval to voluntarily delist from the Egyptian Exchange (EGX), according to a stock exchange filing. The company will buy shares from dissenting or unwilling shareholders…
US-based Gordon Brothers has been named the exclusive selling agent for a never-utilized flat and long steel production plant in Dammam, Saudi Arabia. The plant, owned by one of GCC's leading steel manufacturers…
Tata Steel has become India's first steel company to demonstrate end-to-end capabilities in developing pipes for hydrogen transportation, marking a key milestone in the country's National Hydrogen Mission. The API X65…
Thyssenkrupp Steel has made significant progress in its ongoing investments, with the new annealing and isolating line now in operation and the modernization of its Bochum facility nearly complete, the company…
In 2024, Pakistan experienced a modest recovery in annual scrap imports, though volumes remained relatively low, according to data from the Pakistan Bureau of Statistics. The country imported 2.66 mln tons of scrap…
Tata Steel posted a 43.41pct YoY decline in consolidated net profit after tax, falling to INR 295 crore (USD 34.1 mln) in Q3 FY25, ending December 31, 2024, compared to INR 522 crore in the same period last year…
Iron ore futures rallied on Monday during pre-holiday trading, supported by firm near-term demand ahead of China's week-long Chinese New Year holiday (January 28-February 4), with trading set to resume on February 5…
Turkish steelmaker Tosyali Holding AS is pursuing the acquisition of a European producer to bolster its green steel operations, while advancing multi-bln-dollar projects in Saudi Arabia and Africa, Bloomberg reported…
Dalian iron ore futures rose on Friday, supported by stable steel production levels and improved sentiment surrounding U.S.-China trade relations. Daily crude steel output from member mills of the China Iron and Steel…
Primetals Technologies has secured an order to modernize Baosteel's Pickling Line and Tandem Cold Mill (PLTCM) at its Baoshan plant in Shanghai, China. The project includes upgrading electrics and automation systems…
Vattenfall Europe Windkraft GmbH and steel producer Dillinger have signed a declaration of intent to accelerate the use of CO2-reduced steel in future wind projects. This collaboration supports Dillinger's ongoing…
Iron ore futures rose on Thursday as Beijing's latest support measures provided a lift to sentiment. However, weak market fundamentals capped the gains. China's financial regulators announced plans to channel hundreds…
Steel Dynamics, Inc. announced its financial results for the fourth quarter and full year of 2024, reporting Q4 net sales of USD 3.9 bln and net income of USD 207 mln. This marks a decline from Q3 2024 net income of USD…
The Secretary of State for Business and Trade has accepted the Trade Remedies Authority (TRA)'s recommendation to revoke the safeguard measure on Category 2 steel products, including non-alloy and alloy cold-rolled…
Iron ore futures fell on Wednesday as a cautious sentiment gripped the market ahead of the holidays. The decline was fueled by comments from former U.S. President Donald Trump about potentially imposing a 10pct tariff…
JSPL has ordered the new Danieli Direct Quench (DQ) system Exstream II for its Steckel mill, also known as a reversible finishing mill, in Raigarh, India. This advanced cooling system will significantly improve cooling…
Hyundai Steel, South Korea's second-largest steelmaker, sold over 1 mln tons of automotive steel sheets to non-affiliated foreign automakers in 2024, marking a significant milestone, Ked Global reported. The company…
Steel producer Colakoglu Metalurji AS, based in Dilovasi, Turkey, has commissioned SMS group to modernize the laminar cooling section and downcoiler in its 1,850-mm hot strip mill. This upgrade will enable Colakoglu to…
Dalian iron ore futures continued to rise on Tuesday, driven by improving fundamentals that boosted market sentiment, despite ongoing concerns about demand. The iron ore market received support from rising steel…
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