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
BHP Group reported its highest-ever annual iron ore production in FY23, despite challenges posed by Tropical Cyclone Ilsa. The success can be attributed to the strong performance of its South Flank operations in Western…
India has outpaced China as the leading developer of coal-based steelmaking capacity, according to a recent report by Global Energy Monitor. The capacity under development globally, following the 'blast furnace-basic…
Dalian coking coal futures increased sharply on Wednesday following the disclosure of fatal accidents at coal mines in Shanxi and Liaoning provinces. These incidents have sparked concerns over the potential impact on…
South Korean Posco Group saw its second-quarter operating profit plunge by more than 38 pc amid steel oversupply due to the sluggish property market in China. Posco Holdings Inc. disclosed that its preliminary operating…
Commercial Metals Company (CMC) has received approval from the West Virginia Department of Environmental Protection to proceed with the construction of its micro mill. With the necessary permit secured and land…
Primetals Technologies has implemented an upgrade of the LD converter (BOF) process optimization system at Salzgitter Flachstahl in Salzgitter, Germany. The new Slag Expert model has optimized the use of lime, improved…
Italy’s Marcegaglia's Ravenna plant has witnessed remarkable results with SmartLine, an automatic strip processing line control system based on predictive modeling. Developed by Fives, an international industrial…
Rio Tinto Group said second-quarter shipments of iron ore fell 1pc from a year earlier, as China’s faltering economic recovery continued to weigh on demand. The world’s biggest iron ore producer shipped 79.1 mln tons of…
Iron ore futures experienced a recovery on Tuesday, buoyed by market optimism regarding potential stimulus measures from the Chinese government to revitalize the sluggish economy. China's economic recovery showed signs…
Rama Steel Tubes (RSTL), a prominent steel pipe and tube manufacturer in India, has announced the signing of a strategic Memorandum of Understanding (MoU) with JSW Steel Group. This collaborative agreement aims to…
The Tinplate Company of India Ltd (TCIL), a subsidiary of Tata Steel, has announced a significant decline in its net profit for the June quarter. The company's net profit plummeted by 96.91 pct to INR 2.62 crore (USD…
Vardhman Special Steels Ltd., a leading Indian steel producer, has entered into a contract with rolling mill equipment supplier Friedrich Kocks GmbH & Co. KG. The agreement entails the supply of a Reducing & Sizing…
The mood in the European HRC market was strongly negative last week due to limited demand and a seasonal activity slowdown. Offers from integrated Northwest European mills have been limited as some have full order books…
Huaigang Special Steel has chosen Danieli Industrial Automation's China-based branch for a comprehensive upgrade of their bar mill's automation and drives control system, which was originally supplied by Danieli in…
China's crude steel output saw a 1.1pct increase in June compared to May and a 0.4pct increase from the previous year, according to the National Bureau of Statistics (NBS). China manufactured 91.11 mln tons of steel…
The Ministry of Steel reported that India's overall steel import reached 484,000 tons, representing a 5.9pct month-on-month increase and a 7.6pct increase compared to June 2022. In June 2022, China accounted for 26.1pct…
Vale announced a partnership with Wabtec Corporation to advance the decarbonization of the company's rail operations. The deal includes an order for three of Wabtec’s FLXdrive battery locomotives and a collaboration to…
Iron ore futures continued their upward trajectory on Friday, supported by expectations of additional stimulus measures. China's post-pandemic recovery has significantly slowed after a strong start in the first quarter…
Fives has signed a contract with Husteel to design and supply a complete solution to manufacture oil country tubular goods for its new plant in the USA. Husteel, part of South Korea’s Shinan Group, is a leading welded…
Commercial Metals Company (CMC) announced the purchase of EDSCO Fasteners LLC, a leading provider of anchoring solutions for the electrical transmission market, from MiddleGround Capital. EDSCO's custom engineered line…
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