Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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2,789 news items in Global Steel News. Show all
The British government has welcomed Heathrow Airport's multibillion-pound expansion program, which is set to drive significant demand for UK-made steel and help secure thousands of steel jobs nationwide. Heathrow's…
Austrian steelmaker Voestalpine reported a sharp decline in net profit for the first three quarters of FY25, ending December 31, 2024. Profit after tax dropped to EUR 207 mln (USD 214 mln), down from EUR 415 mln in 9M…
Iron ore futures reversed earlier gains and declined on Tuesday as demand concerns grew following new steel tariffs announced by U.S. President Trump. Futures had risen in the morning session due to supply disruptions…
U.S. President Donald Trump has imposed a 25pct tariff on all steel and aluminum imports, eliminating previous exemptions and quota agreements, according to a White House statement. The proclamation increases the…
Tata Steel UK has selected multinational construction and development company, Skanska to provide design and project management services for its new electric arc furnace (EAF) project in South Wales. Under the…
The global long steel products market faces significant pressure due to rising Chinese exports, which show no signs of slowing. The latest outlook from the International Rebar Producers and Exporters Association…
Iron ore futures rose on Monday as improving market fundamentals boosted sentiment, despite renewed tariff threats from U.S. President Trump. Trump announced plans to impose new 25pct tariffs on all steel and aluminum…
Tubacex has secured a EUR 40 mln (USD 41.2 mln) contract from Brazil's Petrobras to supply premium materials for gas extraction operations. This deal strengthens Tubacex's role as a key supplier of corrosion-resistant…
Future Forgeworks, a Brisbane-based steel manufacturer, has commissioned SMS group to supply Australia's first Continuous Mill Technology (CMT 350) mill for its Swanbank Green Steel Mill Project. The facility will…
Metalloinvest's OEMK plant has completed a major overhaul of its automated high-bay stacker, enhancing positioning accuracy and boosting productivity. The upgrade, costing approximately RUB 80 mln (USD 0.82 mln)…
Iron ore futures extended gains on Friday, driven by improved market fundamentals and positive sentiment. Steel production increased this week following the Chinese New Year holidays, with several blast furnaces ramping…
Chinese steelmaker Yukun Iron and Steel Group has successfully produced 145-mm-thick slabs at its new Danieli QSP-DUE plant in Yuxi, Yunnan province, setting a record for direct casting and rolling facilities. This…
Malaysia has launched an anti-dumping investigation into galvanized steel imports from China, South Korea, and Vietnam. The probe follows a petition filed on January 7 by CSC Steel Sdn Bhd with the Ministry of…
ArcelorMittal has announced plans to build an advanced non-grain-oriented electrical steel (NOES) manufacturing facility in Alabama. The plant, fully owned by ArcelorMittal, will have an annual production capacity of up…
Iron ore futures rose on Thursday, driven by concerns over supply disruptions in Australia. Rio Tinto, a major iron ore supplier, announced that it had begun clearing vessels from two Western Australian ports as it…
Nippon Steel, Japan's largest steelmaker, reported an 18pct decline in net profit for the April-December period, citing weak domestic and global steel demand. Net profit fell to JPY 362 bln (USD 2.36 bln) from JPY 440.9…
ArcelorMittal, the world's largest integrated steel and mining company, reported a net income of USD 1.339 bln in 2024, up from USD 919 mln in 2023. The increase in profit comes despite a challenging 2023, where…
RHI Magnesita has completed its acquisition of US-based Resco Group from Balmoral Funds LLC and management for USD 410 mln, marking the company's largest investment since its 2017 merger. Resco's refractory products…
Iron ore futures declined in post-holiday trading on Wednesday, as the market opened cautiously, assessing trade tensions between the U.S. and China and the near-term outlook for steel demand. The latest round of…
Fujian Kebao Metal Products Co., Ltd., a subsidiary of Fujian Sanbao Group, has awarded SMS contracts for two tinplate continuous annealing lines (TIN CALs). This move supports Sanbao Group's expansion into the…
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