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
Ovako has reached a key milestone in its sustainable steel-making journey. In the summer of 2024, the furnace at its Boxholm facility in Sweden was rebuilt to switch from oil to a more environmentally friendly oxyfuel…
Iron ore futures climbed on Tuesday, buoyed by market optimism over potential additional stimulus measures. Positive sentiment was sparked by a press briefing from China's top economic planner, which raised expectations…
South Korean steelmaker Posco has announced the closure of its Wire Rod Plant 1 at the Pohang steelworks in North Gyeongsang Province. The decision was attributed to a persistent global oversupply of steel, an influx of…
Corinth Pipeworks, the steel pipes division of Cenergy Holdings, is enhancing its competitive edge through strategic investments aimed at increasing production capacity and efficiency. To support its growing customer…
SSAB, a global leader in high-strength steel, has expanded its Strenx Certified Fabricator program to the United Kingdom by appointing MTL Advanced Ltd. in Rotherham as its newest member. This exclusive initiative…
Iron ore futures rose on Monday, driven by new support measures for China's struggling property sector. Shanghai announced a relaxation of real estate policies, removing the distinction between ordinary and non-ordinary…
Tokyo Steel, Japan's leading EAF-based steel producer, has decided to maintain its steel prices for December. Key prices include HRC at JPY 92,000 (USD 596) per ton, pickled and oiled coils at JPY 100,000 (USD 648) per…
Tenaris has been awarded a contract by Subsea7 to supply pipes and coating solutions for Petrobras' Buzios 9 project in Brazil's Santos Basin. Located 180 km (112 miles) offshore Rio de Janeiro, the Buzios Field lies at…
Tata Steel Nederland has partnered with Norwegian producer Gen2 Energy and the Port of Amsterdam to explore the import of liquid hydrogen, produced from hydropower in Norway. The hydrogen will be liquefied, transported…
Australia has launched an antidumping investigation into imports of hot-rolled steel (coils/sheets) from China, according to a notice from the Australian Anti-Dumping Commission. The investigation, requested by…
Iron ore futures declined further on Friday, pressured by a weak steel demand outlook. Seasonal slowdowns in steel demand during winter added to concerns, while high port-side inventories and rising imports created…
Major Chinese steel producer, Baowu Steel Group has signed two contracts with Tenova, a provider of sustainable solutions for the green transition of the metals industry. The first contract involves the supply of four…
Rio Tinto has signed definitive agreements with GravitHy, an early-stage industrial company, to support its steel decarbonization project in France. The partnership will see Rio Tinto supply high-grade direct reduction…
Swiss Steel Group announced plans to adjust capacities due to challenging economic conditions and persistently weak demand. The measures include reducing approximately 800 full-time positions across its Swiss and…
Iron ore futures declined on Thursday as weak demand fundamentals outweighed Beijing's new tax cuts for the property sector. Rising iron ore shipments to China are increasing port inventories, while steel mills face…
Primetals Technologies has upgraded the automation systems at the finishing mill of SAIL Bokaro's hot-strip mill in Bokaro Steel City, Jharkhand, India, completing the project 26 months after starting, one month ahead…
Hyundai Steel, South Korea's second-largest steel producer, plans to indefinitely suspend operations at its second plant in Pohang due to a construction slowdown and fierce price competition from Chinese steel imports…
Vale and Roheisengesellschaft Saar mbH (Rogesa), a joint subsidiary of Dillinger and Saarstahl AG, have signed a multi-year agreement to supply iron ore pellets, a significant step toward decarbonizing steel production…
Carbon capture and storage (CCUS), once hailed as a key solution for reducing greenhouse gas emissions in steelmaking, is facing growing skepticism, according to a report by the Institute for Energy Economics and…
Iron ore futures traded within a narrow range on Wednesday as the market struggled for direction amid weak demand and hopes for supportive measures for the property sector. Investors remain optimistic that Beijing will…
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