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
India and New Zealand have signed a free trade agreement (FTA), reducing tariffs on a wide range of goods, including iron, steel and raw materials used in steel production. Under the agreement, tariffs will be cut or…
US-based Electra has signed a joint development agreement with POSCO to advance and scale clean iron production technologies, alongside an investment from POSCO Investment. The partnership will focus on integrating…
Germany-based ArcelorMittal Eisenhuttenstadt, part of ArcelorMittal, has completed the replacement and commissioning of a new suspension system for its 255-ton LD converter (BOF) No.2 in partnership with Primetals…
France-based Saarstahl Ascoval, part of the Saarstahl Group, has entered into a long-term partnership with Mannesmann Precision Tubes to supply semi-finished steel for tube applications in the automotive and industrial…
Iron ore futures declined on Tuesday, pressured by rising supply, although near-term demand helped limit losses. Market sentiment weakened after reports that China Mineral Resources Group (CMRG) has cleared the sale of…
India became a net exporter of finished steel in the financial year ended 31 March 2026, supported by higher exports and a sharp decline in imports, according to a Reuters report citing provisional government data…
Tanzania-based Lodhia Industries has signed a contract with Danieli Centro Combustion India for the supply of a 50 tph pusher-type reheating furnace for its new bar and wire rod rolling mill complex. The project forms…
Spain-based Tubos Reunidos S.A. warned that its operations may face insolvency risk unless it secures financing and restructuring measures, according to a filing with the National Securities Market Commission. The…
ArcelorMittal, one of the world's largest integrated steel and mining companies, through its Steligence unit and ArcelorMittal International, together with partner JSteel, has signed a memorandum of understanding with…
Iron ore futures were largely unchanged on Monday, as the market looked for clearer direction. Rising supply continued to weigh on prices, although pre-holiday restocking provided some support. Shipments to China from…
ArcelorMittal Industeel has inaugurated a new vertical continuous casting installation at its Le Creusot site in France, representing a total investment of EUR 52 mln (USD 61 mln), including EUR 12 mln (USD 17.6 mln) in…
Russia's Magnitogorsk Iron and Steel Works (MMK) has started production of a new type of rolled steel designed for use in extremely low-temperature environments, expanding its MAGSTRONG range of high-strength and…
CARES, internationally renowned certification authority, has introduced a new product verification service aimed at helping steel producers and supply chain participants comply with emerging carbon reporting…
Iron ore futures inched higher on Friday, supported by a firm near-term demand outlook, although rising supply concerns limited further gains. Chinese steel mills continued restocking iron ore ahead of the May holiday…
Steel Authority of India (SAIL) has secured a stay on an antitrust investigation from the Madras High Court after challenging the process followed by India's competition regulator, according to a Reuters report. In its…
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that US steel imports totalled 1.769 mln net tons (1.604 mln metric tons) in March 2026, including 1.306 mln net tons (1.185…
Marubeni-Itochu Steel America Inc. (MISA) plans to invest more than USD 37 mln to build a flat-rolled steel processing facility in Osceola, Arkansas. The plant will be located adjacent to Big River Steel and will…
Iron ore futures declined on Thursday, snapping a recent upward trend as the market weighed the near-term outlook. Iron ore futures had risen in previous sessions on the back of improving steel production and firm…
Hoa Phat Group reported revenue of over VND 53.3 trillion (USD 2 bln) and net profit of VND 9.06 trillion (USD 344 mln) in the first quarter of 2026, up 40pct and 170pct YoY, respectively. Profit reached 41pct of the…
Hyundai-Posco Louisiana LLC has signed a long-term agreement with Air Liquide for the supply of oxygen, nitrogen and argon to its new low-carbon steel facility in Louisiana. To support the project, Air Liquide will…
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