Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Rio Tinto and Hancock Prospecting will invest USD 1.61 bln to develop the Hope Downs 2 iron ore project in Western Australia's Pilbara region, following full State and Federal Government approvals. The project will mine…
Turkish pipe manufacturer Borusan has announced a strategic investment initiative to upgrade its manufacturing infrastructure in Turkey, aligning with its long-term goals of sustainable growth, profitability, and…
In a strategic move to secure key raw materials for steel production and expand into new export markets, several Indian state-owned enterprises are establishing a presence in Dubai. Steel Authority of India Limited…
Iron ore futures rose on Monday, supported by steady near-term demand, though gains were limited by persistent concerns over future consumption. Chinese steel mills, particularly those using blast furnaces, kept…
Global stainless steel production reached 15.54 mln tons in the first quarter of 2025, marking a 6.2pct YoY increase, according to the latest data from the World Stainless Association (Worldstainless). However, output…
Outokumpu, a global leader in sustainable stainless steel, has partnered with Alstom, a leading provider of smart mobility solutions, to supply Outokumpu Circle Green, a stainless steel with up to 93pct lower carbon…
BHP has signed a three-year agreement with Metso for the supply of metallic chute liners to support its Western Australia Iron Ore (WAIO) operations in the Pilbara region. Under the deal, Metso will provide a range of…
Turkey's scrap import prices held largely steady this week, as buying activity slowed significantly due to weak demand for finished steel. Current scrap import offers are hovering around USD 340 per ton CFR, a slight…
Japanese steelmaker Yamato Kogyo Co., Ltd. has agreed to sell its 49pct stake in Bahraini steel producer Sulb to joint venture partner Foulath, a Bahrain-based industrial holding company with significant steel…
Vallourec, a global leader in premium seamless tubular solutions, has secured a significant contract to supply Oil Country Tubular Goods (OCTG) for drilling operations in Qatar. The deal is valued at over USD 50 mln and…
Mughal Iron & Steel expects to complete the modernization of its re-rolling facility by Q1 2026, CEO Shakeel Ahmad announced at a conference hosted by Topline Securities. The BMR (Balancing, Modernization, and…
Dalian iron ore futures rose on Friday, supported by steady steel production and resilient demand. However, the broader market outlook remains uncertain. Chinese blast furnace-based steel mills continue to operate…
Jingye Steel has completed a major automation upgrade for its five-meter heavy plate mill in Yingkou, Liaoning Province, with support from SMS group. Originally installed by SMS in 2009, the mill resumed production…
ArcelorMittal Europe has officially withdrawn from its planned DRI and EAF investments at its Bremen and Eisenhuttenstadt sites, citing unfavorable market, energy, and policy conditions. Despite a EUR 1.3 bln (USD 1.49…
Turkey imported 286,200 tons of CRC in the first four months of 2025, up 32pct YoY, according to data from the Turkish Statistical Institute (TUIK). South Korea was the leading supplier with 95,000 tons, followed by…
Oman's exclusive natural gas transmission network owner and operator, OQ Gas Networks (OQGN), has awarded a line pipe supply contract to Jindal SAW Limited for the 193-km Fahud-Suhar Loop Line project, according to a…
DP World Egypt has received the country's largest-ever iron ore shipment at its Ain Sokhna Port, underlining the port's growing capacity to handle diverse vessel types and support Egypt's trade, energy, and tourism…
Malaysian conglomerate Lion Group has signed a memorandum of understanding (MoU) with Algeria's state-owned National Company for Mining Research and Exploitation (Sonarem) to boost cooperation in mining exploration…
Iron ore futures posted modest gains on Thursday, supported by higher steel production. Although overall steel output has slowed, mills are still operating at relatively high levels, limiting the drop in iron ore…
ArcelorMittal has completed the acquisition of Nippon Steel Corporation's 50pct stake in AM/NS Calvert, making it the sole owner of the advanced steel finishing facility, now renamed ArcelorMittal Calvert. The deal…
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