Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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2,768 news items in Global Steel News. Show all
India's state-run iron ore producer NMDC has increased its domestic lump ore prices by INR 150 (USD 1.57) per ton, effective September 9, while keeping fines prices unchanged. The company now offers 65.5pct Fe lump ore…
Vietnamese steelmaker Formosa Ha Tinh Steel has increased its domestic HRC prices for October-November delivery, with SAE1006 and SS400 grades now offered at around USD 540-550 per ton CIF Vietnam, depending on order…
South Korean steelmaker POSCO plans to invest around USD 359 mln to build a new automotive steel plant at its integrated steelworks in Gwangyang, as it expands its high-end steel product business. The facility is…
MagIron has completed a concept and economic study with Primetals Technologies evaluating large-scale granulated pig iron production integrated with its existing facilities in Minnesota and Indiana. The study assessed…
The London Metal Exchange (LME) will launch its new Steel HRC Shanghai futures contract on October 27, 2026, providing international market participants with an additional route to access the Shanghai Futures Exchange…
German steelmaker MSW Moselstahlwerk has appointed KRUDO Industrial to market and sell its electric steelmaking facility in Trier as part of the company's ongoing restructuring. The sale comes as European steelmakers…
China's iron ore futures rose on Tuesday, extending the previous day's gains, as expectations of pre-holiday restocking and firmer sentiment across the steel market continued to support prices. Analysts said steel mills…
China's finished steel exports declined 3pct YoY to 75.15 mln tons during the first eight months of 2026, according to the latest data from the General Administration of Customs (GACC). Despite the cumulative decline…
Shyam Metalics and Energy reported strong YoY sales growth across most key product segments in August 2026, led by a more than doubling of carbon steel flat product sales. Carbon steel flat sales increased 114.14pct YoY…
U.S. Steel has completed a USD 350 mln reline of Blast Furnace #14 at Gary Works in Indiana, returning the furnace to service and securing its long-term ironmaking capability. The project included replacement of the…
Mexico's Ministry of Economy has concluded its antidumping investigation into hot-rolled (HR) steel imports from China and Vietnam, imposing definitive compensatory duties on the affected products. The investigation…
Barca Metals has completed inspection and validation of key equipment for its new shredder-based scrap recycling plant at Razorback, New South Wales, supplied by Danieli Centro Recycling. The inspection at Danieli…
China's iron ore futures rose on Monday, supported by expectations of increased steel mill restocking ahead of China's October National Day holiday, although concerns over steel demand remain. Market insiders said…
India's state-owned Steel Authority of India Ltd (SAIL) recorded higher production and sales in August 2026, with crude steel output reaching a record for the month, according to the Ministry of Steel. Crude steel…
Indian stainless steel producer Jindal Stainless has signed a technical assistance agreement with Japan's JFE Steel Corporation to strengthen its manufacturing capabilities for selected ferritic stainless steel grades…
Bangladesh's steelmakers are facing higher production costs amid weak construction demand, with mills offering discounts to maintain sales, according to local media reports. The price of 60-grade rebar has risen to BDT…
Hyundai Steel, POSCO, Hyundai Motor Company and Kia Corporation have held a groundbreaking ceremony for a USD 5.8 bln electric arc furnace (EAF)-based integrated steel mill in Louisiana, marking Hyundai Steel's first…
A Russian ballistic missile strike on September 5 damaged key production, energy and transport infrastructure at Metinvest's Kamet Steel plant in Kamianske, forcing the Ukrainian steelmaker to fully suspend production…
China's iron ore futures rose on Friday, supported by near-term supply-side factors, although cautious steel demand continued to limit the upside. A weekly decline in iron ore port inventories provided support to…
Vietnam's leading steelmaker Hoa Phat Group has raised its domestic HRC prices for October delivery, following three consecutive months of reductions, as seasonal demand is expected to improve and import prices have…
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