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
Nucor-Yamato Steel, based in Blytheville, Arkansas, has selected Danieli Centro Combustion to provide an advanced walking-beam furnace for its beam mill. This cutting-edge solution includes automation and material…
Vallourec has won two major orders to supply line pipes for phases 6 and 8 of the Buzios oil field development operated by Petrobras. These orders are in addition to the contract previously won for phase 7, representing…
Refractory producer, RHI Magnesita reported a revenue of EUR 1.73 bln (USD 1.91 bln) for the six months ending on June 30, marking a notable 9pct increase compared to the same period in 2022. This growth was primarily…
According to Acerinox's financial statement, the Spanish steelmaker experienced a significant decline in profits during both Q2 and H1 of 2023. In Q2 2023, the company's net profit dropped by 59pct YoY, amounting to EUR…
China's iron ore and steel futures posted gains on Tuesday following a meeting led by President Xi Jinping, during which the country's leaders pledged to introduce new measures to bolster the faltering economy. The…
Chinese steel producer Xingtai Iron & Steel Co. Ltd. has signed a significant contract with Friedrich Kocks GmbH & Co. KG for the installation of an advanced RSB 370++/4 Reducing & Sizing Block in 5.0 design. This…
Tata Steel reported a significant decline in consolidated net profit for the April-June quarter of FY 2023-24, with profits falling by over 93pct to INR 524.85 crores (USD 64 mln). The company attributed the decline in…
Slovenska Industrija Jekla (SIJ), a Slovenian steel producer, has halted production at its stainless steel unit, SIJ Acroni, following an accident at its hot rolling mill. According to a statement by SIJ, on July 13, a…
MMK-Coal (part of PJSC Magnitogorsk Iron and Steel Works Group) has completed the acquisition of Tikhov Mine, located in the Leninsk-Kuznetsk district of the Kemerovo Region, from PJSC Koks (part of the IMH Group)…
The European Commission recently approved a handful of measures to support decarbonizing steel production processes in France and Germany. One approval is a nearly USD 942 mln French measure to support ArcelorMittal…
Dalian iron ore futures faced downward pressure on Monday due to concerns over repayment issues at two major developers in China, which further deepened the crisis in the property sector. Country Garden and Dalian…
Major Indian steel producer, JSW Steel Limited, has announced its financial results for the first quarter of fiscal year 2024, ending on June 30, 2023. The company reported a substantial YoY increase in revenue…
Tokyo Steel Manufacturing has announced impressive financial results for the first quarter and has revised its full-year profit forecast upwards. The company reported a 30pct YoY increase in net profit, reaching JPY…
Tenaris’s mill in Veracruz, Mexico, has taken a significant step forward to contribute to the company’s 2030 decarbonization plan with the integration of a smart furnace model that uses predictive tools to analyze the…
ArcelorMittal Europe - Flat Products and Tier 1 automotive supplier Gestamp have signed a ‘circularity agreement’ aimed at strengthening environmental sustainability throughout the industrial supply chain. The agreement…
Iron ore futures posted gains on Thursday amid expectations of further stimulus measures by the Chinese government to bolster the struggling economy. Deputy head of the state economic planner, Li Chunlin, announced that…
Yantai Walsin Stainless Steel Co., Ltd., based in China, has achieved a significant milestone by successfully rolling the first bar on its new Kocks Reducing & Sizing Block (RSB) 370++/4. This cutting-edge sizing block…
Steel Dynamics Inc. released its second-quarter 2023 financial results, reporting net sales of USD 5.1 billion and net income of USD 812 mln for the quarter. Compared to the preceding first quarter of 2023, net income…
Industrial engineering firm, Sarralle, in collaboration with Nippon Gases, is taking significant strides towards aiding companies in their decarbonization and sustainability efforts. To this end, they have equipped…
Danieli has received an order from Stahl Gerlafingen to supply and install a K-Weld machine at its plant in Switzerland. The new Danieli billet welding machine will be seamlessly integrated with the new reheating…
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