Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures declined on Friday, weighed down by softening steel demand and cautious market sentiment. The seasonal slowdown in steel consumption, typical during the summer months, has led to a slower pace of…
Tangsteel High Strength Automotive Strip Co., Ltd. has awarded a contract to international technology group Andritz to upgrade and modernize its No. 5 Continuous Galvanizing Line (TAN-CGL5) at the Tangshan facility in…
Tata Steel has completed Phase II of its expansion project at Kalinganagar in Odisha, increasing the plant's crude steel capacity from 3 to 8 mln tons per annum. This brings the company's total steelmaking capacity in…
Corinth Pipeworks has secured multiple contracts from Italian energy company Snam to manufacture and supply over 180 km of pipeline for the Adriatica project, one of Italy's largest gas infrastructure developments in…
Turkish steel producer Kardemir has increased its billet prices, according to the company's latest price list. Prices have been raised by USD 15 per ton compared to earlier this month. The company is now offering S235JR…
NMDC Group, a global leader in engineering, procurement, construction (EPC), and marine dredging, has signed a Memorandum of Understanding (MoU) with Jiangsu Juxin Petroleum Steel Pipe to explore potential areas of…
Al Masaood Energy is producing third-generation solar systems in the UAE, with a strong focus on reducing carbon emissions in the oil and gas sector. The system is 80pct locally sourced, with key steel components…
Dalian iron ore futures rose slightly on Thursday, supported by firm near-term demand. However, gains were limited due to ongoing uncertainty surrounding long-term demand prospects. Steel production remained elevated…
India's finished steel imports fell 11.3pct YoY to 0.5 mln tons in April, driven by a sharp decline in shipments from China and Japan, according to provisional government data reported by Reuters. The drop follows…
The South Korean government has decided not to extend anti-dumping duties on stainless flat-rolled steel imports from China, Indonesia, and Taiwan, opting instead for a price commitment mechanism to address concerns…
Turkey's CRC imports reached 214,000 tons in the first quarter of 2025, representing a 37pct increase compared to the same period in 2024, according to data from the Turkish Statistical Institute (TUIK). South Korea…
Investcorp, a global alternative investment firm, has announced that its infrastructure platform, Investcorp Aberdeen Infrastructure Partners (AIIP), will invest in a USD 550 mln marine infrastructure project at the…
Iron ore futures inched higher on Wednesday, though market sentiment remained subdued due to a cautious demand outlook. Near-term demand provided some support, as stable profitability encouraged steel mills to maintain…
Kobe Steel and Mitsubishi UBE Cement Corporation (MUCC) have agreed to move forward with a joint venture feasibility study focused on black pellets, a biomass-based raw material and fuel that can help reduce CO2…
EMSTEEL, one of the region's largest publicly traded steel and building materials manufacturers, has signed a memorandum of understanding with Aldar to supply hydrogen-based steel rebar, marking a regional first in…
Pakistani rebar producer Dost Steels Limited has finalized a loan restructuring agreement with a consortium of banks to reschedule outstanding debt of PKR 2.08 bln (USD 7.35 mln), including future markup, according to a…
Iron ore futures saw a modest uptick on Tuesday, supported by firm near-term demand, though broader market gains were limited by long-term economic concerns. Despite a month-on-month dip in steel production for April…
Fives has completed its first PREMIX oxygen enrichment project on a billet reheating furnace at SN Maia Siderurgia Nacional in Maia, Portugal, the Megasa Group's largest rebar production facility. SN Maia sought to cut…
Outokumpu, a leader in sustainable stainless steel, expanded into the metal powder market for additive manufacturing in 2023. As of May 2025, the company has entered the commercial production phase for the aerospace and…
Saudi Arabia's Al Watania for Industries and China's Donghexin Group have signed a joint venture agreement to establish the region's first tinplate manufacturing facility in Ras Al-Khair Industrial City. With commercial…
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