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
ArcelorMittal successfully bid to place Liberty Steel East Europe (Holdco) Ltd, a subsidiary of Sanjeev Gupta's GFG Alliance, into administration due to a USD 147.4 mln debt deemed unlikely to be repaid, according to…
Iron ore futures rose slightly on Tuesday, supported by restocking activities from Chinese steel mills ahead of potential winter logistics disruptions. However, gains were limited by a weak outlook for steel demand and…
Germany's largest steelmaker, Thyssenkrupp, has announced plans to cut jobs and reduce production capacities as it grapples with overcapacity, rising cheap imports from Asia, and competitive pressures. Under its…
ArcelorMittal, a major steel producer, has announced a pause on its steel decarbonization investments in Europe, citing unfavorable policy, energy, and market conditions. The company had planned to replace several blast…
SSAB has signed an agreement with Amazon Web Services (AWS) to provide fossil-free steel for AWS's new data centers in Sweden. The collaboration includes pilot deliveries of HYBRIT technology-based steel, a…
Iron ore futures rose on Monday, buoyed by restocking activities as steel mills prepared for potential winter disruptions and the upcoming February holiday. This proactive inventory replenishment provided some support…
Bengang Steel Plates Co., Ltd. (Benxi), a leading Chinese steel producer, has successfully rolled its first bar using the new Kocks RSB (Reducing & Sizing Block) 370++/4. The state-of-the-art RSB is now fully…
SAIL has awarded Danieli a contract for the design and construction of a state-of-the-art bar mill and a new reheating furnace on a turnkey basis. Located in Durgapur, India, the new bar mill will incorporate advanced…
Peabody has agreed to acquire steelmaking coal assets from Anglo American plc, accelerating its strategy to shift its global coal portfolio toward seaborne metallurgical coal. The transaction, valued at USD 2.32 bln in…
Iron ore futures fell on Friday, reflecting cautious sentiment about the long-term demand outlook despite steady near-term demand. The decline comes after iron ore prices had risen in the previous four sessions…
Vesuvius, a global leader in the refractory industry, has inaugurated new alumina-silica (AlSi) and basic monolithic manufacturing plants in Visakhapatnam, according to a company filing with the stock exchange. These…
Acerinox, a multi-national high-performance alloy and stainless steel manufacturing group based in Madrid, Spain, has finalized the acquisition of Haynes International through its U.S. subsidiary, North American…
Saint-Gobain and SSAB are collaborating on a groundbreaking circular economy project in Raahe, Finland, to recycle steelmaking slag into low-carbon binders for construction. The joint effort, under development for five…
Iron ore futures edged higher on Thursday, supported by restocking demand despite lingering uncertainty about demand. Steel mills have started replenishing inventories ahead of potential winter disruptions and the…
SMS group has signed a contract with WISDRI Engineering & Research Incorporation and JISCO Carbon Steel to develop the world's first reference plant combining Hot Strip Mill (HSM) and Compact Strip Production (CSP)…
Tata Steel has successfully introduced biochar (biomass-based charcoal) at its Jamshedpur plant, advancing its sustainability efforts and moving closer to its Net Zero target by 2045. Since January 2023, the company has…
Celsa has agreed to sell 100pct of its subsidiaries in the UK and Nordics to Sev.en Global Investments, a Czech investment group focused on power generation and mining, the company announced in a press release. The sale…
Iron ore futures extended gains for the third consecutive session on Wednesday, driven by expectations of economic stimulus. However, gains were capped by concerns over demand. Following Shanghai's recent relaxation of…
JSW Steel Italy S.r.l., a subsidiary of JSW Steel Ltd., has signed a commercial agreement with Metinvest Adria S.p.A., as announced in a press release. This agreement follows the Memorandum of Understanding (MoU) signed…
British Steel, the UK's sole rail manufacturer, has opened a GBP 10-mln (USD 12.6 mln) rail stocking facility, the largest of its kind in the country. Located at its headquarters in Scunthorpe, where most UK rail is…
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