Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Huzhou Jiuli Yongxing High Performance Metals Co., Ltd., a joint venture of Jiuli Hi-Tech, has ordered a 63/71 MN two-column push-down open-die forging press from SMS group. The press will be installed in a newly built…
India's stainless steel demand is projected to grow by 7-8pct annually over the next two to three years, driven by infrastructure development and expanding industrial applications, according to the Indian Stainless…
Vardhman Special Steels Limited (VSSL) has formally expanded its strategic partnership with Japan's Aichi Steel Corporation, with the latter increasing its equity stake from 11.33pct to 24.90pct. The agreement was…
Pakistan's National Tariff Commission (NTC) has launched an investigation into alleged circumvention of anti-dumping duties on cold rolled (CR) steel imports from China. The inquiry follows concerns that Chinese…
The Algerian Investment Promotion Agency (AAPI) has granted a land concession to China's Jingdong Steel for the construction of a major steel production facility in M'Sila province. The agreement allocates a 36-hectare…
Ashry Steel Group is set to invest more than EUR 600 mln (USD 685 mln) in a new seamless stainless steel pipe factory, following the recent approval of its production license and formal accreditation from the Egyptian…
Iron ore futures declined in post-holiday trading on Tuesday, pressured by renewed demand concerns and the U.S. decision to double steel tariffs. Market sentiment was further dampened by escalating trade tensions, as…
Hyundai Steel, South Korea's second-largest steelmaker, is considering selling its caterpillar track division at the Pohang 1 plant, 273 kilometers southeast of Seoul, local media reported Monday. The company is in…
Vietnam's largest steelmaker, Hoa Phat Group, has signed contracts to supply steel containers to VIMC Container Transport JSC (VIMC Lines) and Vinafco Shipping JSC. A key competitive edge for Hoa Phat is its self-supply…
Hybar, LLC has produced its first rebar at its newly built steel mini mill in Osceola, Arkansas, just 22 months after breaking ground on the 1,300-acre greenfield site. The initial rebar was made using purchased…
Ezz Steel, one of Egypt's leading steel producers, has maintained its rebar prices unchanged for June, marking the eighth consecutive month of price stability. The current price stands at EGP 38,200 (USD 768) per ton…
Tata Steel Nederland has introduced HyperFlange, a new advanced steel designed to help automakers produce lighter, more reliable components, crucial for improving fuel efficiency and vehicle performance. Optimized for…
Turkey's scrap import prices remained unchanged this week, as suppliers resisted lower bids from domestic steel mills despite sluggish demand for finished steel. Current import offers are assessed in the range of USD…
Turkish steel producer Kardemir has signed a new rail supply contract with Algeria's Infrarail, according to a stock exchange filing. The agreement is valued at EUR 11.83 mln (USD 13.3 mln), with deliveries scheduled to…
Iron ore futures fell on Friday, pressured by declining steel production and subdued market sentiment during pre-holiday trading. Blast furnace-based steel mills are increasingly suspending operations for maintenance…
Vardhman Special Steel has awarded Danieli a contract to supply a new black-bar straightening line for its Ludhiana plant in Punjab, India. The advanced line will feature a two-roll straightening unit capable of…
Hoa Phat Dung Quat Rail and Special Steel JSC has partnered with SMS group to build a state-of-the-art rail and section mill with an annual capacity of 700,000 tons. The facility will be located in the Dung Quat…
Hafeet Rail, the cross-border railway developer linking Oman and the UAE, has signed an agreement with Brazilian iron ore producer Itaminas Comercio De Minerios S.A. to develop an integrated, sustainable logistics…
Pakistani rebar producer Dost Steels has signed a restructuring agreement with a consortium of banks as part of efforts to stabilise its financial position. The deal is backed by a PKR 2.08 bln (USD 7.33 mln) investment…
Iron ore futures ended a four-day losing streak on Thursday, lifted by improved market sentiment after a U.S. federal court blocked President Donald Trump's broader tariffs from taking effect. The court ruled that Trump…
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