Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Marcegaglia Gazoldo Inox has awarded Tenova, a leading provider of sustainable solutions for the green transition of the metals industry, a contract to modernize and restart its 20-Hi Cold Rolling Mill at the Gazoldo…
Turkey's scrap import prices held steady this week at USD 380 per ton CFR, as upcoming Eid holidays and ongoing political uncertainty kept Turkish steel mills on the sidelines. The political unrest from last week…
Turkish pipe manufacturer Erciyas Celik Boru has secured a USD 32.5 mln pipe order for the third phase of a major container port expansion project in the Adriatic Sea, the company announced in a stock exchange filing…
Emirates Steel, a subsidiary of the EMSTEEL Group and one of the UAE's leading steel producers, reported strong growth in its finished steel segment in 2024, according to its annual report. While crude steel production…
Iron ore futures dipped on Friday as market sentiment remained cautious amid a slight rise in port inventories and escalating trade tensions. While the most-traded iron ore contract posted a weekly gain, driven by…
South Korea's Hyundai Steel will suspend operations at its Incheon rebar plant for one month starting in April amid falling prices and weak construction demand, according to local media citing industry sources. The…
Jindal Shadeed Iron & Steel has commissioned Danieli to upgrade its casting machine capabilities at its Sohar facility in Oman. The modernization aims to enhance efficiency and diversify the product range, enabling the…
The General Authority of the Suez Canal Economic Zone (SCZone) has signed an agreement with XinFeng Egypt to establish an integrated manufacturing complex in Sokhna, local media reported. The project, spanning 3.75 mln…
Iron ore futures extended gains on Thursday, buoyed by robust steel demand in China's domestic market, although concerns over long-term demand remain. Inventory levels of major finished steel products in Chinese…
Thyssenkrupp Steel has completed the modernization of a Walking Beam Furnace (WBF) at its Bruckhausen Plant in Duisburg, Germany, with Tenova receiving the Final Acceptance Certificate for the project. The upgraded…
GravitHy, a low-carbon iron producer, has secured EUR 60 mln (USD 65 mln) in funding, including public support from France's Premiere Usine program. The round attracted new investors such as Ecolab, Japan Hydrogen Fund…
Turkish steel producer Kardemir has announced its sales allocation plan for Q2 2025, increasing allocations for billets, wire rod, and profiles while reducing rebar supply compared to the previous quarter. According to…
Iron ore futures edged higher on Wednesday, supported by firm near-term demand, though the broader outlook remains uncertain due to steel production curbs by some Chinese mills. Chinese steelmakers have ramped up output…
The European Commission (EC) has strengthened steel safeguard measures to protect EU steel producers from surging imports, reducing the liberalization rate from 1pct to 0.1pct, which significantly limits the volume of…
JSW Steel will transfer its sponge iron unit in Salav, Raigad, Maharashtra, to its wholly-owned subsidiary, JSW Green Steel, as part of its plan to reduce its carbon footprint, the company announced in a stock exchange…
Saudi Iron and Steel Company (Hadeed) has announced that long steel prices will remain unchanged for April deliveries. The company is offering rebar (12-32 mm) at SAR 2,350 (USD 626) per ton, while wire rod (6.5-16 mm)…
Chinese steelmaker Yongjin Technology Group and its partners will invest over USD 250 mln to establish a stainless steel plant in Turkey, aiming to meet local and European demand, according to media reports. The new…
Iron ore futures rose on Tuesday, supported by strong near-term demand, though gains were limited due to steel output reductions in some regions of China. Expectations of strong steel demand during the spring season and…
India has signed 42 agreements with 25 companies for the production of high-end steel under the second round of the Production-Linked Incentive (PLI) Scheme for specialty steel, with an estimated investment of nearly…
South Korea's Hyundai Motor Group plans to invest USD 5.8 bln in a new ultra-low carbon steel mill in Donaldsonville, Ascension Parish, to supply its U.S. automotive plants. Spanning 1,700 acres, the facility will be…
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