Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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2,768 news items in Global Steel News. Show all
Tata Steel's Llanwern galvanizing plant in South Wales is operating at around half capacity as increased availability of duty-free Asian steel weighs on orders and domestic competitiveness, according to The Guardian…
Iron ore futures strengthened on Monday as firmer steel and raw material prices improved market sentiment, although rising iron ore supply and weak underlying steel demand remained concerns. The market has shifted…
China's Baoshan Iron & Steel (Baosteel) reported a 6.3pct YoY decline in net profit attributable to shareholders to 4.57 bln yuan (USD 680 mln) in the first half of 2026, despite a 6.2pct increase in revenue to 160.73…
NS-Siam United Steel (NS-SUS) has completed commissioning and final acceptance of two new 25-ton Danieli coil-handling cranes at its Plant 3 in Rayong, Thailand, as part of a modernization programme aimed at increasing…
JFE Steel and five other companies have signed an agreement with the Japan Organization for Metals and Energy Security (JOGMEC) to conduct design work for an advanced ship-based carbon capture and storage (CCS) project…
Iron ore futures were broadly stable on Friday as near-term supply concerns provided some support, while weak steel demand and squeezed mill margins continued to limit the upside. Iron ore inventories fell recently on…
India's Welspun Corp has secured its largest-ever single order, valued at approximately USD 1.8 bln, for the supply of pipes from its manufacturing facility in the US. The order, which will be executed during FY28-FY29…
Taiwan's China Steel Corp (CSC) reported a 55pct decline in pretax profit to TWD 655 mln (USD 20.6 mln) in July from the previous month, as weaker Asian steel demand weighed on gross profit. In January-July, however…
SSAB has partnered with US railcar manufacturer Greenbrier and metal recycler Alter Trading to complete a batch of 50 gondola railcars using SSAB Zero steel as part of a closed-loop recycling initiative. The railcars…
Cleveland-Cliffs will invest USD 1 bln to modernize its Middletown Works steel plant in Ohio, with the US Department of Energy (DOE) providing USD 500 mln through a rescope of its previously awarded grant. The…
Iron ore futures fell on Thursday as weak steel demand outweighed support from firmer coke and coking coal prices. Crude steel production among China Iron and Steel Association (CISA) member mills fell 3.4pct YoY to 473…
Jindal Steel has signed an MoU with the Indian Institute of Technology Hyderabad (IIT Hyderabad) to establish a Centre of Excellence focused on high-strength, value-added and value-engineered steel products and…
South Korea's Hyundai Steel has signed an MoU with construction project management company HanmiGlobal to expand the use of steel structures in advanced industrial facilities, including data centres and semiconductor…
Greece's Corinth Pipeworks has secured the line pipe supply package for the Rovuma LNG Phase 1 project in Mozambique, with the contract valued at USD 200-250 mln. The company will manufacture around 250 km or 120,000…
Thyssenkrupp Steel has completed the modernization of continuous slab caster No. 4 at its Duisburg site, with Primetals Technologies issuing the final acceptance certificate in April 2026. The upgraded two-strand caster…
Iron ore futures edged higher on Wednesday, supported by firmer coking coal and coke prices, although tight steel mill margins and weak underlying demand continued to limit the upside. Coking coal and coke markets…
Indian steelmakers are seeking to diversify coking coal supplies as higher prices and disruptions in major producing regions increase steelmaking costs, Reuters reported. India imports around 95pct of its coking coal…
Japan's leading electric arc furnace (EAF) steelmaker Tokyo Steel will keep prices for all steel products unchanged for September sales, citing improving domestic market conditions but continued pressure from…
Australia's Fortescue has produced its first hot metal at the USD 50 mln Green Metal Project at Christmas Creek in Western Australia, marking the first successful operation of its electric smelting process and a step…
Iron ore futures rebounded on Tuesday, supported by supply concerns and renewed expectations of further stimulus from Beijing, although weak downstream steel demand remained a key constraint on the market. The strike at…
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