Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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2,771 news items in Global Steel News. Show all
Iron ore futures declined on Thursday as falling oil prices after the memorandum of understanding between the United States and Iran, coupled with concerns over weakening Chinese steel demand, weighed on market…
The London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE) have signed an agreement to launch a new steel futures contract that will provide international market participants with exposure to China's HRC…
POSCO has commissioned South Korea's largest electric arc furnace (EAF) at its Gwangyang Steelworks, strengthening the company's low-carbon steelmaking capacity and supporting its long-term decarbonization strategy. The…
ArcelorMittal Europe, Thyssenkrupp Steel and Voestalpine have jointly called for urgent reforms to the European Union's Emissions Trading System (ETS), warning that the current framework risks undermining the…
Iron ore futures continued to decline on Wednesday as rising supply, weakening steel demand and deteriorating mill margins weighed on market sentiment. Market insiders said Chinese steel production may be nearing a…
Fujian Kunbao New Materials, part of China's Sanbao Group, has awarded Fives a contract to design and supply two strip processing lines for grain-oriented (GO) electrical steel production at its Zhangzhou facility. The…
Hyundai Steel has signed a Master Research Agreement (MRA) with Louisiana State University (LSU) to support technology development and workforce training for its planned USD 5.8 bln electric arc furnace (EAF)-based…
Austria's Voestalpine Railway Systems has secured framework contracts for the Rail Baltica project, marking the largest single order in the company's history. Under the agreements, Voestalpine will supply up to 1,000…
Iron ore futures fell on Tuesday as weak Chinese property sector data and concerns over deteriorating steel mill margins weighed on market sentiment. China's property market, once the country's largest steel-consuming…
Japan's leading electric arc furnace (EAF) steelmaker Tokyo Steel has increased prices for most steel products for July sales, citing rising energy and raw material costs as well as firmer domestic and international…
South Korea's POSCO has launched a joint research project with Hyundai Motor and eight other industry, academic and research organizations to develop next-generation electrical steel aimed at improving the efficiency of…
Midrex Technologies has been selected by U. S. Steel to supply a 2.5 mln tons per year HDRI/HBI direct reduced iron (DRI) plant for the company's Big River Steel Works facility in Osceola, Arkansas. The project is…
Swedish mining company LKAB has received an environmental permit for the continued and expanded operation of its Malmberget mining complex, securing the long-term future of one of the country's largest iron ore…
SSAB is showcasing its Armox 500 AM Powder at the Eurosatory 2026 defense and security exhibition, highlighting the potential of additive manufacturing to produce lightweight, high-strength armor components for defense…
Iron ore futures fell on Friday as abundant supply and weakening steel demand continued to weigh on market sentiment. The market remained under pressure from high iron ore inventories at Chinese ports. Market insiders…
China Baowu and Rio Tinto have successfully completed industrial-scale palletization and hydrogen-based direct reduced iron (DRI) trials in China using Rio Tinto's Pilbara Blend iron ore, marking a significant step in…
India's Jindal Steel has reported strong operational performance from two twin-strand slab casters supplied by Danieli at its Angul steel plant, exceeding guaranteed performance parameters during the ramp-up phase. The…
China's Jingye Group has initiated consultations with the UK government under the bilateral investment treaty between the two countries, seeking compensation for losses incurred following the government's takeover of…
Spanish stainless steel producer Acerinox and industrial equipment manufacturer Alfa Laval have entered into a partnership to promote industrial decarbonization through the use of low-emission stainless steel. Under the…
Iron ore futures declined on Thursday as rising supply and weak steel demand continued to weigh on market sentiment. Market insiders said rising iron ore supply, coupled with weakening margins at Chinese steel mills and…
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