Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
Got a story for the Middle East steel market? Submit news
2,789 news items in Global Steel News. Show all
Sarralle Processing Lines has successfully obtained the final acceptance certificate for the recently installed new slitting line at North American Stainless (NAS), which is a part of the Acerinox Group. This…
The European Commission announced that it has granted approval for EUR 280 mln (USD 307 mln) in funding, in accordance with EU State aid regulations, to assist ArcelorMittal Belgium in its efforts to partially reduce…
A joint venture of Chinese steel producers Taiyuan Iron and Steel Group Co. (TISCO) and Shandong Xinhai Industry granted the final acceptance certificate (FAC) to Primetals Technologies for an extensive combination of…
The Carbon Border Adjustment Mechanism (CBAM) framework will impact India's 15-40 pct of steel exports to Europe, Icra said. The impact will be seen from the calendar year 2026 to 2034, the rating agency said in a…
JFE Steel Corporation, in collaboration with Japan Petroleum Exploration Co., Ltd. (JAPEX), JGC Holdings Corporation (JGC HD), and Kawasaki Kisen Kaisha, Ltd. ("K" LINE), has agreed to conduct a joint evaluation aiming…
Algoma Steel Group Inc., a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced results for its fiscal fourth quarter and full year ended March 31, 2023. During the fourth quarter…
The world's biggest iron ore miner Rio Tinto said that it had reopened a rail line at its Western Australian operations after a train carrying iron ore near the port of Dampier derailed at the weekend. The line will…
Dalian iron ore futures continued their downward trajectory on Wednesday, as a bleak demand outlook weighed on market sentiment. Hopes for substantial stimulus measures ahead of the Chinese national holidays fizzled…
ArcelorMittal Nippon Steel India Ltd (AM/NS India) will expand its Indian flagged fleet as the steel maker jointly owned by ArcelorMittal and Nippon Steel seeks to secure supply chain in the face of a shortage of Indian…
Ternium, a leading steel manufacturer, has announced a significant investment of USD 3.2 billion to construct a state-of-the-art steel plant and cold rolling facility in Nuevo Leon. This new venture will be established…
Gerdau Brazil recently upgraded seven of its electric arc furnaces using the innovative Danieli Q-Reg advanced electrode-control system. The patented Q-Reg system revolutionizes electrode control by incorporating a…
ArcelorMittal and Sekisui Chemical have been partnering on a project to capture and reuse CO2 emitted during steelmaking. As part of this partnership, the two companies have been supported by the New Energy and…
Dalian iron ore futures continued their downward trend on Tuesday despite the Chinese central bank's reduction in a key lending benchmark rates, failing to provide a boost to the futures market. The People's Bank of…
Taiwan’s China Steel Corp (CSC) has announced a reduction in domestic steel prices for deliveries in July, citing sluggish demand. However, the company remains optimistic about a recovery in demand during the second…
United States Steel Corporation (U.S. Steel) provided second quarter 2023 adjusted net earnings per diluted share guidance of USD 1.81 to USD 1.86. Second quarter 2023 adjusted EBITDA is expected to be approximately USD…
As part of its decarbonisation process, ArcelorMittal Luxembourg has confirmed its plan to invest EUR 67 mln (USD 73.2 mln) in a new electric arc furnace (EAF) at its Belval site. This investment is part of a series of…
Iberdrola Germany and SHS - Stahl Holding Saar GmbH & Co. KGaA have concluded a long-term power purchase agreement (PPA). The cooperation between the two companies is set for 15 years and covers an annual consumption of…
Dalian iron ore futures experience decline as concerns over insufficient government stimulus and downgraded growth forecasts weigh on market sentiment. Goldman Sachs, joining other major investment banks such as UBS…
Tata Steel has announced plans for consolidated capital expenditure (capex) of INR 16,000 crore (USD 1.95 bln) for both its domestic and global operations in the current financial year. The company further specified…
The government is likely to invite financial bids for privatizing NMDC Steel only after the commissioning of the blast furnace at the company's steel plant in Chhattisgarh, according to officials. Officials expect the…
“Premium Content” marks a news item that needs a subscription to read in full.
