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
Tata Steel is set to invest GBP 12 mln (USD 15.2 mln)in its tube-making operations in Corby, funded by the sale of redundant land on the west side of the site. Warmflame Developments (WD) has facilitated this sale…
Iron ore futures grew slightly on Monday, as market participants held onto hopes that stimulus measures would be implemented to revive faltering economic growth. However, the government's emphasis on restricting steel…
Steel Authority of India (SAIL) has awarded a contract worth INR 30,438 crore (USD 3.7 bln) to Power Mech Projects (PMPl) and PC Patel Infra Consortium for a mine development and operation project (MDO), Tasra OCP…
Stainless steel maker Jindal Stainless Ltd (JSL) has sought the government's intervention to check increasing imports of steel products from a select group of countries including China. Select few countries including…
Vietnam’s major steel producer, Hoa Phat Group posted a revenue of VND 29,800 bln (USD 1.25 bln) in Q2 2023, showing a decline of 21pct compared to the same period in the previous year. The company’s profit after tax…
The steel producer Nucor Steel Nebraska in the U.S. has successfully rolled the first bar on its new Kocks intermediate Reducing & Sizing Block (RSB). The so-called iRSB represents one of the latest advancements in…
Iron ore futures continue to slide as the government's move to limit steel output raises demand concerns. According to reports, major steel mills have been directed to restrict their output, curbing any potential…
AM/NS India, a joint venture between ArcelorMittal and Nippon Steel, has reported a significant increase of 54.24pct YoY in earnings before interest, taxes, depreciation, and amortization (EBITDA) for Q1, reaching USD…
Tenova, a renowned global company specializing in sustainable solutions for the green transformation of the metals industry, has been awarded a new contract by Hoa Phat Group, Vietnam's leading industrial manufacturing…
The American Iron and Steel Institute (AISI) has released preliminary data based on the Census Bureau's findings, indicating that the United States imported a total of 2.79 mln tons of steel in June 2023. Among this…
Tata Steel IJmuiden and Wuppermann Staal have reaffirmed their dedication to European customers by renewing their supply and tolling agreements. The focus of these agreements remains on delivering galvanized hot-rolled…
Danieli has been chosen by Marcegaglia Steel to undertake a new upgrading project at the Palini & Bertoli plate mill plant in San Giorgio di Nogaro, Italy. The primary objective of this modernization project is to…
China's iron ore futures recorded a decline on Thursday due to concerns over demand. This was primarily triggered by environmental output restrictions and reports indicating that major steel mills were instructed to…
India’s ArcelorMittal Nippon Steel (AM/NS India), has entered into an agreement with Danieli Corus for the supply of three sublance-based BOF process control systems. These systems will be installed in the three 350-ton…
Sarralle India has been chosen by Jindal Steel & Power (JSPL) to provide comprehensive services for the 250-ton RH degasser at their Angul site in Odisha, India. The project entails design and engineering…
ArcelorMittal, the world's leading integrated steel and mining company, reported its financial results for Q2 and H1 2023, revealing a significant decline in core profit (EBITDA). The company's Q2 2023 EBITDA reached…
The European Steel Association (Eurofer) forecasts a challenging outlook for apparent steel consumption in 2022 and the first half of 2023, citing several downside factors. These include war-related disruptions, a bleak…
According to the latest data from the World Steel Association, the Middle East witnessed a 3pct growth in crude steel production during the first half of 2023, reaching a total of 23 mln tons compared to the same period…
China's iron ore futures continued their upward trajectory on Wednesday, driven by expectations of economic stimulus measures from the Chinese government. In response to signs of a cyclical slowdown, the ruling…
Hyundai Steel Co., South Korea's No. 2 steelmaker, said its second-quarter earnings tumbled more than 48 pct on-year on sluggish sales. Consolidated net profit came to KRW 293.5 bln (USD 230 mln) in the April-June…
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