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
Iron ore futures edged lower on Thursday as concerns over weakening steel demand weighed on the outlook for iron ore. Domestic steel demand is softening, and the upcoming winter season, which typically slows…
India's leading iron ore producer and exporter, the National Mineral Development Corporation (NMDC), has increased prices by INR 600 (USD 7.13) per ton for iron ore lump and INR 400 (USD 4.75) per ton for iron ore…
Linde has signed agreements to de-captivate two air separation units (ASUs) and expand its industrial gas supply to Tata Steel Limited in Odisha, India. Currently, Linde operates two on-site plants that supply…
The latest data from the World Stainless Association (Worldstainless) reveals that global stainless steel production at melt shops rose by 6.3pct YoY in the first half of 2024, reaching 30.37 mln tons. China remained…
Iron ore futures extended losses on Wednesday as weakening fundamentals and lower forecasts for China's economic recovery weighed on market sentiment. Shrinking margins for steel mills may lead to reduced output, with…
Primetals Technologies has completed the installation of a new combination mill at Baoshan Iron and Steel in Shanghai, China, featuring both a wire rod mill outlet and a bar-in-coil line capable of producing 600,000…
Blastr Green Steel has signed a Memorandum of Understanding with Knauf Interfer, a leading European metal processing company, to supply 100,000 tons of ultra-low CO2 steel annually. This partnership aims to…
Voestalpine has finalized negotiations for the sale of its German subsidiary, Buderus Edelstahl, to Mutares SE & Co. KGaA, a well-known investment company based in Wetzlar, Hessen. The sale is pending approval from the…
Iron ore futures declined on Tuesday as lower steel production and weakening demand dampened market sentiment. In September 2024, China's crude steel output in key steelmaking regions dropped nearly 7pct YoY to 54 mln…
Chinese special steel producer Huaigang Special Steel, part of the Jiangsu Shagang Group, has awarded Primetals Technologies a final acceptance certificate (FAC) for an 80-ton EAF Quantum electric arc furnace installed…
Volkswagen Group and Thyssenkrupp Steel have signed a memorandum of understanding (MoU) for the supply of low-carbon steel from Thyssenkrupp's upcoming direct reduction plant, highlighting their commitment to…
ABB is partnering with ArcelorMittal to introduce XCarb steel, made with high levels of recycled steel and powered by 100pct renewable energy, for its Kabeldon power distribution system. This sustainable sourcing…
Iron ore futures rose on Monday, supported by Beijing's latest interest rate cut despite ongoing concerns about softening steel demand. China reduced its benchmark lending rates after the central bank lowered interest…
Gensol Engineering has partnered with Matrix Gas & Renewables to develop India's first and largest green steel production facility, using 100pct green hydrogen. This facility is part of three pilot projects under the…
Tata Steel UK has awarded Tenova a contract to supply a high-productivity Electric Arc Furnace (EAF) and associated equipment for its Port Talbot plant. This state-of-the-art production line is part of a significant…
SSAB and Parmaco have partnered to create a fossil-free steel building, aiming to construct the world's first such structure in 2025. Parmaco plans to use pilot deliveries of fossil-free steel developed with HYBRIT…
Dalian iron ore futures fell on Friday, as weaker-than-expected economic data and reduced steel production dampened market sentiment. China's economy grew by 4.6pct YoY in Q3, according to official data, but this was…
JSW Steel has announced that its wholly owned subsidiary, Jsquare Electrical Steel Nashik Private Limited, has signed a share purchase agreement to acquire 100pct equity interest in Thyssenkrupp Electrical Steel India…
India's Jindal Saw reported robust net profit growth for the quarter ending September 30, 2024. The company's net consolidated profit rose 33.6pct YoY to INR 4.75 bln (USD 56.5 mln), while revenue increased by 12.1pct…
Phu My Flat Steel (PFS), part of Viet Nam Steel Corporation, contracted Danieli Service Vietnam to refurbish the gearbox of its cold rolling mill after a spindle failure affected the gearbox geometry. The refurbishment…
“Premium Content” marks a news item that needs a subscription to read in full.
