Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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ArcelorMittal has successfully produced its first coil after upgrading the automation system at its hot-rolling mill in Eisenhuttenstadt, Germany. This facility is now fully equipped with Primetals Technologies' latest…
H2 Green Steel has rebranded to Stegra, with a focus on decarbonizing hard-to-abate industries by leveraging green hydrogen, green iron, and green steel. Originally launched in 2021 to reduce emissions in the steel…
Iron ore futures rose on Wednesday, supported by improving steel demand, which boosted market sentiment. Major steel producers, Baosteel and Shagang, kept domestic prices for long and flat steel products unchanged, a…
The Indian Ministry of Finance has extended the countervailing duty on imports of welded stainless steel pipes and tubes from China and Vietnam for an additional five years. This decision follows the Directorate General…
Tata Steel has signed a GBP 500 mln (USD 654 mln) Grant Funding Agreement with the UK Government to support its GBP 1.25 bln (USD 1.63 bln) green steel project at the Port Talbot steelworks in Wales. The project, which…
Voestalpine Group's Steel Division will withdraw from the cam units and sliding elements business at its Linz site, gradually discontinuing the operations of Voestalpine Camtec GmbH by the end of the 2025/26 business…
Iron ore futures dipped slightly on Tuesday after giving up earlier gains, as the market remained cautious about steel demand recovery. Typically, the peak steel consumption months of September and October support…
China's steel exports rose by 14.7pct YoY to 9.5 mln tons in August 2024, according to the General Administration of Customs. This represents a 21pct increase from the previous month. In the first eight months of 2024…
China's Sanbao Group has signed contracts with Tenova LOI Thermprocess and Tenova Technologies (Tianjin) for the supply of three annealing and coating lines for non-grain oriented (NGO) silicon steel at its facility in…
Posco is increasing its steel supply for the world's first hyperloop facility, following the successful test of Hardt Hyperloop's vehicle at the European Hyperloop Center (EHC) in Veendam, the Korean steelmaker…
United States Steel Corporation (U.S. Steel) has introduced ZMAG coated steel, a new carbon flat-rolled product designed to offer enhanced strength, resilience, and sustainability. ZMAG steel is engineered to perform in…
Iron ore futures rose on Monday, driven by improved steel demand and renewed hopes for stimulus following China's tepid economic data, despite long-term concerns over demand for key steelmaking raw materials. Steel…
Giridhan Metals awarded AIC a contract for automation and fast finishing area equipment for their 350,000 tons per annum bar mill. The mill, which was commissioned in June 2023, has significantly enhanced productivity…
The International Finance Corporation (IFC) has announced a USD 60 mln loan to PT Gunung Raja Paksi Tbk (GRP), a leading Indonesian steel producer, to promote decarbonization in Indonesia's steel industry. The funds…
Brazilian steel producer CSN has signed a contract with Petrobras, Brazil's state-owned oil giant, to supply natural gas to its Rio de Janeiro plant. This agreement marks CSN's transition to the free natural gas market…
Dalian iron ore futures remained largely unchanged on Friday as concerns over demand continued to weigh on market sentiment. Weak economic growth and ongoing troubles in the property sector have led to cautiousness…
India's Welspun Corp has announced a board-approved investment of approximately USD 100 mln to upgrade its pipe manufacturing unit in the United States, according to a stock exchange filing. The investment, to be made…
Steel Dynamics, Inc. has petitioned the Department of Commerce (DOC) and the U.S. International Trade Commission (ITC) to impose antidumping duties on imports of corrosion-resistant flat-rolled steel (CORE) from…
Kalmar has signed an agreement to supply Outokumpu with three light electric forklift trucks and one medium electric forklift truck for their Tornio stainless steel plant in Finland. The order, which includes a Kalmar…
Dalian iron ore futures extended their decline on Thursday, falling for the fifth consecutive session, as the outlook for iron ore demand remains weak despite a modest recovery in steel demand. The improvement in steel…
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