Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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2,789 news items in Global Steel News. Show all
Trafilix, part of the Lucefin Group, is investing in its Brescia facility in Italy with the installation of a new high-speed chain-track drawing machine from local equipment maker Danieli Centro Maskin. The machine…
Iron ore futures rose on Tuesday, supported by pre-holiday restocking by Chinese steel mills ahead of the Chinese New Year holiday, which begins on January 28. Further support came from a decline in weekly iron ore…
India's Vraj Iron and Steel has successfully begun commercial operations of its sponge iron plant on December 23, 2024. The plant is part of an expansion project located in Dighoia, Bilaspur, Chhattisgarh. The company…
Nippon Steel's USD 15 bln bid to acquire U.S. Steel has been referred to President Joe Biden, who has 15 days to make a decision, according to a White House spokesperson. Biden, who previously expressed opposition to…
AIC has been awarded a contract by Steel Dynamics Inc. for robotic tagging applications at its Roanoke plant. The project involves the installation of advanced robotic islands to automate steel bundle tagging on both…
Iron ore futures climbed on Monday, driven by expectations of firm near-term demand. Market insiders report that Chinese steel mills have begun pre-holiday restocking ahead of the Chinese New Year holiday starting…
South Korea's steel industry will increase prices for general steel products starting January, driven by a sharp rise in the KRW-USD exchange rate and soaring import raw material costs. This marks a shift from earlier…
Outokumpu, a leading stainless steel producer, has issued its fourth-quarter guidance, anticipating a decline in earnings before interest, taxes, depreciation, and amortization (EBITDA) compared to the previous quarter…
Greek steelmaker Sovel has awarded Danieli Automation a contract to modernize the electrical and automation systems of its bar mill in Almyros, Magnesia. The project aims to enhance production safety, stability, and…
Iron ore futures declined on Friday, weighed down by ongoing concerns about demand and market sentiment High port inventories, reduced steel production, and environmental-related curbs on steel production in some…
The Directorate General of Trade Remedies (DGTR), under the Commerce Ministry, has launched a safeguard investigation into the imports of non-alloy and alloy flat steel products, according to an official notification…
Tata Steel has partnered with Danieli India to replace the lower and upper stacks of several Basic Oxygen Furnace (BOF) converters at its Jamshedpur plant. The project had been delayed for an extended period due to its…
SSAB has secured approval from the Land and Environmental Court in Umea to build and operate a mini-mill in Lulea, Sweden, which will replace its current steel plant. This move will facilitate a technology shift with…
SKF is accelerating its journey to meet its 2030 decarbonization targets and achieve net-zero emissions across its supply chain by 2050. In a new collaboration, SKF is sourcing "GreenSteel Climate+" from Swiss Steel…
Iron ore futures extended their losses on Thursday, weighed down by a bearish demand outlook and declining steel production figures that dampened market sentiment. Crude steel production in China's top ten steelmaking…
JSW Steel announced the consolidation of its U.S.-based coal mining subsidiaries in West Virginia. The restructuring involves merging step-down subsidiaries Purest Energy, LLC with its parent Periama Holdings, LLC, and…
Champion Iron Limited has entered into a binding agreement with Nippon Steel Corporation and Sojitz Corporation to jointly develop the Kamistiatusset Project (Kami Project). The partners will initially contribute USD…
ArcelorMittal has increased its HRC prices in Europe, with new offers reported at EUR 630 (USD 659) per ton EXW for February rolling, up from EUR 600 per ton EXW previously. The price hike follows the European…
Iron ore futures fell on Wednesday, pressured by a bearish outlook for the key steelmaking input. Market sentiment was further dampened by concerns over rising port-side iron ore inventories and weakening steel demand…
India is expected to impose a safeguard duty of up to 25pct on steel imports to counter cheap supplies, primarily from China, Reuters reported. Major producers like JSW Steel, Tata Steel, and ArcelorMittal Nippon Steel…
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