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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

Liberty Galati steel mill to be auctioned in June

Romania Romania

Romanian steel producer Liberty Galati will be put up for auction on June 19 with a starting price of EUR 444 mln (USD 514 mln), following approval of an amended restructuring plan by the Galati Tribunal. In addition…

ArcelorMittal sells 10pct stake in Vallourec

Luxembourg Luxembourg

ArcelorMittal has announced the sale of approximately 23.9 mln shares in Vallourec, representing around 10pct of the French steel pipe producer's outstanding share capital, through an accelerated bookbuilding process to…

Iron ore futures down amid rising supply

China China

Iron ore futures remained under pressure on Monday amid continued uncertainty surrounding China's steel demand outlook and rising supply pressure from major miners. Market sentiment was weighed down by increased iron…

Iron ore market pressured by high inventories

China China

Iron ore futures declined on Friday, pressured by high port-side inventories in China and concerns over the steel demand outlook, although relatively firm steel production levels limited losses. Market participants said…

Euroacciai to modernize slitter cutting line

Italy Italy

Italy-based Euroacciai selected AIC Group to modernize and automate its slitter cutting line through a complete upgrade of the plant's control and automation systems. The project includes replacing the existing…

Xiangtan Steel to upgrade heavy plate mill in Hunan

China China

Xiangtan Iron and Steel, part of China's Hunan Valin Group, selected Primetals Technologies to upgrade automation and thickness control systems at its heavy plate mill in Xiangtan, Hunan Province. The project is aimed…

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