Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
Got a story for the Middle East steel market? Submit news
2,789 news items in Global Steel News. Show all
India's finished steel imports surged to a seven-year high of 5.7 mln tons during April-October, according to provisional government data, marking a continuation of the trend from FY24 when India became a net importer…
Transformers and Rectifiers (India) Ltd. (TARIL) has announced a strategic investment in Posco Poggenamp Electrical Steel, acquiring a controlling stake, according to a stock exchange filing. Posco Poggenamp…
Swedish steel producer, SSAB's subsidiary Tibnor will supply SSAB Zero steel made from recycled materials to Salthammer Batbyggeri AS in Norway. This marks the first delivery of SSAB Zero to the shipbuilding industry…
ArcelorMittal and HP have announced a strategic collaboration to advance steel additive manufacturing, combining ArcelorMittal's sustainable steel solutions with HP's expertise in additive manufacturing. ArcelorMittal…
Iron ore futures edged up on Tuesday amid reports of new housing incentives, despite weakening steel demand. Beijing is considering reducing taxes on home purchases, with Bloomberg reporting that the deed tax in major…
NMDC Steel reported a widening loss of INR 595.37 crore (USD 70.5 mln) for the September quarter, driven by a surge in expenses. In the same period last year, the company posted a loss of INR 131.10 crore, according to…
Liberty Steel has announced a restructuring plan for its specialty steel business, SSUK, as part of its recovery and growth strategy. The plan aims to significantly reduce SSUK's debt and strengthen its ability to meet…
Severstal has invested RUB 5.5 bln (USD 56 mln) to upgrade the environmental equipment of blast furnace No. 5 (BF-5). The overhaul includes the installation of a modern dust collector to improve the efficiency of blast…
Iron ore futures fell on Monday, weighed down by weak demand fundamentals and a lackluster stimulus package, which dampened market sentiment. Demand for iron ore remains soft, driven by high port inventories and…
Steel Authority of India Limited (SAIL) reported a 31pct decline in consolidated net profit, totaling INR 897.15 crore (USD 106.2 mln) for the quarter ending September 30, 2024, down from INR 1,305.59 crore in the same…
India's Sandur Manganese & Iron Ores Limited (SMIORE) board has approved the acquisition of an additional 20pct stake in Arjas Steel Private Limited (ASPL), bringing its total equity shareholding to 100pct, the company…
Iron ore futures fell on Friday as weak demand fundamentals weighed on the market, with China announcing new stimulus measures after the morning session closed. Beijing introduced a USD 1.4 trillion debt package aimed…
Chinese steel producer Shougang has selected Danieli's Zero Bucket technology to become the first in China to produce automotive-exposed grades using EAF. Shougang is the first BF-BOF steelmaker in China to achieve…
India's steel imports from April to September were led by China, with the country remaining a net importer, according to provisional government data, Reuters reported. India imported 4.7 mln tons of finished steel…
Korea's Posco Group is considering selling Posco Zhangjiagang Stainless Steel (PZSS) in China, part of a broader effort by Chairman Jang In-hwa to restructure low-profit and non-core assets, according to the local media…
Iberdrola, a global leader in renewable energy, and Acciaierie Venete Spa, a major player in the European steel market, have signed a multi-year Off-site Power Purchase Agreement (PPA) for 12 MW of capacity. Under the…
Iron ore futures rose on Thursday as the market continued to hope for additional stimulus to address demand concerns. This week, traders have been looking to Beijing for possible economic support measures, with the…
China's steel exports surged 40.8pct YoY in October, reaching 11.18 mln tons, according to data from the General Administration of Customs. Exports were also up over 10pct compared to the previous month. For the first…
Tata Steel Ltd reported a consolidated profit after tax of INR 759 crore (USD 90 mln) for the quarter ended September 30, 2024, marking a 17.4pct YoY decrease. However, the company rebounded significantly from a loss of…
ArcelorMittal, the global leader in steel and mining, reported a decline in earnings for Q3 2024. EBITDA fell 26.4pct YoY to USD 1.58 bln, also down 15.1pct compared to Q2 2024. This was mainly due to weaker results in…
“Premium Content” marks a news item that needs a subscription to read in full.
