Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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With low nickel market inventory and a rebound in nickel prices, Taiwan's stainless steel market has experienced a resurgence in prices. The price of 304 cold-rolled coils has climbed to around TWD 68,000 (USD 2,217)…
Cargill Metals has entered into a multi-year agreement with Swedish industrial startup H2 Green Steel (H2GS) for the supply of green steel. The agreement aims to accelerate global ferrous supply chain decarbonization…
Dalian iron ore futures extended gains as the Chinese central bank reduced the borrowing cost of its medium-term policy loans for the first time in 10 months. China's medium-term lending facility serves as a funding…
Tata Steel Limited and Germany’s SMS group have signed a Memorandum of Understanding (MoU) to collaborate on decarbonisation of steel making process. As part of the MoU, the companies shall undertake further technical…
India’s KIOCL Ltd, formerly known as Kudremukh Iron Ore Company Ltd, has announced the resumption of operations at its pellet manufacturing plant in Mangalore. The plant had been temporarily shut down since May 13…
In June 2023, Hydnum Steel and Primetals Technologies signed a Memorandum of Understanding (MoU) with the intention to implement a greenfield plant for green steel production in Puertollano, Spain. The comprehensive…
Fortescue, one of the world’s largest and lowest cost iron ore miners, has entered into a Memorandum of Understanding (MoU) with China Baowu Steel Group Corporation to work together on reducing emissions associated with…
Rio Tinto will partner with Gemco Rail to bring local iron ore rail car manufacturing and bearing maintenance to the Pilbara region in an industry-first. This partnership will enable Gemco Rail to expand its existing…
On Wednesday, Dalian iron ore futures continued their upward trajectory, driven by market optimism surrounding potential stimulus measures following the recent interest rate cut by the People's Bank of China (PBOC). The…
Nucor Steel Utah long-product rolling mill is producing spooled bars in coils in endless mode thanks to the installation of a K-Welder and a spooler line, supplied by Danieli. Coils weighing up to 5 tons of rebar #3 to…
ArcelorMittal, the world’s leading steel company, and John Cockerill, a group leading the development of steel processing facilities and electrolyzers, announced plans to construct the world’s first industrial-scale low…
Thyssenkrupp Steel and Mercedes-Benz have agreed to expand their existing cooperation to include CO2-reduced steel, and signed a memorandum of understanding to this effect in April. It is intended for Mercedes-Benz to…
Maire S.p.A. announces that its subsidiary NextChem and Marcegaglia Group have signed a contract for a feasibility study to accelerate the decarbonization of Marcegaglia's steel plant in Ravenna (Emilia Romagna region…
Swedish steel production is taking a significant step towards sustainability with the date now set for the inauguration of the world's first plant to produce fossil-free hydrogen for heating steel before rolling. Ovako…
Dalian iron ore futures rebound on Tuesday following the Chinese central bank's decision to reduce a key short-term policy rate aimed at supporting the country's sluggish post-pandemic recovery. The People's Bank of…
India’s JSW steel reported its consolidated crude steel production increased by 7 pct YoY to 2.178 mln tons in May 2023, Within this production figure, the company's Indian operations contributed 2.093 mln tons…
JSW Steel has emerged as the "preferred bidder" of mining lease for iron ore mineral in two blocks, located in Goa, stated a regulatory filing made by the Mumbai-headquartered steelmaker on June 12. "The company has…
Vietnamese steel producer, Hoa Phat Group witnessed a decline in production and sales figures in May 2023 compared to the same period last year. However, there were signs of recovery compared to the previous month…
Taiwan’s E-Sheng Steel Co. has decreased the prices of merchant bars by TWD 500-800 (USD 16-26) per ton. Following this adjustment, the new prices for angle (SS400) and flat bar (A36/SS400) range from TWD 25,800-26,800…
Building on their successful partnership established in 2022, aimed at creating the first heat exchanger made with fossil-free steel, Alfa Laval and SSAB are taking their collaboration to the next level. Alfa Laval will…
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