Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures tumbled on Monday amid rising tensions between the United States and China, casting a shadow over the global demand outlook. The deepening trade dispute has heightened investor concerns, further weighed…
Vietnam's Ministry of Industry and Trade has announced provisional anti-dumping duties on coated steel imports from China and South Korea, following an investigation into the impact of these imports on domestic…
Hyundai Steel has awarded a contract to Pomini Long Rolling Mills to supply a new Pomini Quenching System (PQS), replacing the existing Tempcore system at its Pohang plant in South Korea. The PQS system will enhance…
SSAB, Outokumpu, and Alfa Laval have formed a strategic partnership to reduce the carbon footprint of Alfa Laval's plate heat exchangers by up to 60pct. The collaboration integrates SSAB's fossil-free SSAB Zero steel…
Turkey's scrap import prices held steady this week at USD 380 per ton CFR, as buying activity was minimal due to the Eid holidays in the first half of the week. Turkish steel mills took a cautious approach, monitoring…
Ezz Steel, one of Egypt's leading steel producers, has maintained its rebar prices unchanged for the seventh consecutive month. The price remains at EGP 38,200 (USD 754) per ton EXW, inclusive of 14pct VAT. Ezz Steel…
Man Industries (India) has been added to QatarEnergy LNG's approved vendor list, the company announced in a stock exchange filing. QatarEnergy LNG, formerly Qatargas, is the world's largest LNG producer, with an annual…
India's Jindal Steel & Power Limited (JSPL) has acquired Haryana-based steel manufacturer Allied Strips Limited (ASL) for INR 217.53 crore (USD 25.4 mln) in cash through its wholly owned subsidiary, Jindal Steel Odisha…
NS-Siam United Steel Co., Ltd. (NS-SUS), a subsidiary of Nippon Steel Corporation, will invest approximately USD 58 mln to expand its electric plating line (EPL) in Thailand. The expansion aims to meet rising demand for…
CriteriaCaixa, the investment holding company, has reached a preliminary agreement to acquire a 20pct stake in Celsa Group, Europe's leading producer of low-emission circular steel, through a capital increase. Celsa's…
SSAB, a global steel manufacturing leader, has awarded SMS group an Early Services Agreement for a cold rolling complex at its Lulea, Sweden facility. This project highlights SSAB's commitment to sustainable steel…
Fagersta Stainless, a leading stainless steel producer and part of the Marcegaglia Group since 2023, has selected Danieli technologies for key product-expansion initiatives at its facility in Fagersta, Sweden. These…
Turkey's HRC exports rose nearly 11pct YoY in January 2025, reaching approximately 124,000 tons, according to the Turkish Statistical Institute (TUIK). Greece was the top importer, receiving 24,000 tons, followed by…
Iron ore futures dipped on Thursday as market sentiment weakened following the latest U.S. tariff announcement. Global stock markets plunged after U.S. President Donald Trump imposed tariffs on nearly all imports…
ArcelorMittal Nippon Steel India (AM/NS India) has begun acquiring land in Anakapalli district, Andhra Pradesh, for its planned integrated steel plant in Rajayapeta. The initial payment has been made, and possession is…
Vale and Jinnan Steel's joint venture in Oman has signed an agreement with China's MCC Changtian International Engineering Company to build an iron ore beneficiation plant in Sohar. The project includes constructing the…
Iron ore futures climbed on Wednesday, supported by improving market fundamentals, though demand concerns persist. Rising steel production, driven by seasonal demand and improved mill margins, bolstered market…
Chinese authorities have introduced new export tax regulations aimed at optimizing export services and improving tax compliance. These changes will particularly impact steel exports from Chinese traders who were…
ArcelorMittal Nippon Steel India (AM/NS India) has launched its first scrap processing facility at its Khopoli site in Maharashtra, with a capacity of 120,000 tons per year. This is the first of four units planned…
JFE Steel Corporation and Yamato Steel announced a collaboration in Japan's H-beam structural-steel market, starting in April this year. As the first step, Yamato Steel will begin supplying selected H-beam products from…
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