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
Steelmaking raw materials and steel futures tumbled on Thursday after the latest stimulus measures targeting China's struggling property sector failed to meet market expectations. Beijing announced plans to nearly…
Nucor Steel in Alabama has contracted SMS group to modernize and expand its Steckel mill at the Tuscaloosa site. The project's centerpiece involves transforming the existing mill into an advanced tandem Steckel mill…
Universal Stainless & Alloy Products, Inc. announced a definitive agreement to be acquired by Aperam in an all-cash transaction. Aperam will acquire all outstanding Universal shares at USD 45.00 per share, a 19pct…
Aquatech has announced a groundbreaking project to deliver a comprehensive water management solution for Stegra's (formerly H2 Green Steel) flagship green steel plant in Boden, Sweden. The Private to Private Partnership…
Iron ore futures declined on Wednesday as the market grew cautious due to rising iron ore supplies from major miners and uncertainty in demand. Both Rio Tinto and Vale reported higher production and shipments in Q3, and…
Taiwan's China Steel Corp (CSC) will raise domestic steel prices for November, citing improved market sentiment driven by China's recent policy measures. Prices for commercial-grade HR plates and coils will increase by…
The Velux Group has signed a 10-year agreement with ArcelorMittal for the supply of recycled and renewably produced steel. In 2023, the two companies partnered to reduce the carbon footprint of steel used in Velux roof…
Pomini Long Rolling Mills has secured a contract from Riva Acciaio SPA to expand the continuous rolling mill at its Cerveno facility in Brescia, Italy, as part of a modernization plan. This facility processes both…
Dalian iron ore futures slipped on Tuesday as concerns grew over weaker demand prospects and rising shipments from major iron ore miners. The World Steel Association forecasts a 0.9pct decline in global steel demand to…
Vietnam imported 1.2 mln tons of HRC in September, marking a 34pct increase from August, according to the General Department of Customs. This amount represents 220pct of the country's domestic production, which was…
Tubacex has secured a strategic contract with Petrobras for the Sepia-2 and Atapu-2 offshore gas projects in Brazil. Valued at EUR 64.5 mln (USD 70.4 mln), this agreement reinforces Tubacex's position as a leading…
Acerinox, S.A. has signed an agreement to sell its subsidiary, Bahru Stainless Sdn. Bhd., to Worldwide Stainless Sdn. Bhd., a Malaysian company, for a total of USD 95 mln. The final closing of the transaction is…
Iron ore futures rose on Monday, driven by renewed expectations of additional fiscal stimulus from Beijing, following weak economic data that lifted market sentiment. Data from China's National Bureau of Statistics…
China's steel exports surged by 25.93pct in September compared to the previous year, reaching 10.15 mln tons, the highest monthly figure since July 2016, according to data from the General Administration of Customs. In…
JSW Steel, India's leading private steel company, is partnering with carbon capture solutions provider Carbon Clean and global resources company BHP to advance carbon capture technology for steelmaking decarbonization…
SMS Group has secured a contract to supply a state-of-the-art 185-ton Alternate Current Electric Arc Furnace (AC-EAF) and its auxiliaries to Saarstahl in Volklingen, Germany. This installation supports SHS's goal of…
Iron ore futures recovered on Friday as markets anticipated further fiscal stimulus announcements by Beijing ahead of a key press conference. China's Finance Minister is set to outline plans to intensify fiscal stimulus…
JSW Steel reported a 6pct YoY increase in consolidated crude steel production for the second quarter of FY25, reaching 6.77 mln tons, with a 9pct rise compared to the previous quarter. In India, however, production…
ArcelorMittal has entered into a definitive equity purchase agreement with Nippon Steel Corporation (NSC) to acquire NSC's 50pct stake in the AM/NS Calvert joint venture. This move responds to regulatory concerns linked…
Tata Steel Nederland has signed a memorandum of understanding (MoU) with Swedens Lindab to supply Zeremis green steel once the IJmuiden steel mill transitions to hydrogen-based production. Lindab, a company specializing…
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