Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Benteler Steel/Tube GmbH & Co KG has commissioned SMS group to upgrade its seamless tube mill in Paderborn-Schloss Neuhaus, Germany, with the advanced CARTA neo SRM Technology System. This modernization will replace the…
Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for April production will remain unchanged for the third consecutive month. The company has set the rebar price at AED 2,660 (USD 724)…
Riyadh Steel, a Saudi Arabian long steel producer, reported an 82pct YoY drop in net profit for 2024, according to its stock exchange filing. The company's net profit fell to SAR 1.99 mln (USD 0.53 mln) in 2024, down…
Iron ore futures surged on Monday as Chinese steel mills ramped up production, fueling positive market sentiment. However, long-term demand concerns remain. With the anticipation of stronger steel demand in the spring…
International technology group Andritz has secured an order from ArcelorMittal Calvert to supply an annealing and coating line, along with a cold rolling mill, for its new state-of-the-art electrical steel facility in…
Dusseldorf-based Hoberg & Driesch Rohrengruppe, a leading European steel tube distributor with branches in ten countries, has reached an agreement to acquire part of Salzgitter Mannesmann Stahlhandel GmbH's tube…
Severstal has completed the first stage of an investment project to boost finished product shipments at the Cherepovets Metallurgical Plant (CherMK), a key flat-rolled steel production facility. The plant has increased…
Turkey's scrap import market faced uncertainty as mid-week political unrest sent the lira to a record low. Scrap import prices were assessed at USD 380 per ton CFR, compared to USD 370-380 per ton CFR earlier. Earlier…
Egypt's steel exports fell 4pct YoY in 2024 to USD 2.3 bln, according to the Export Council for Building Materials. The decline is driven by rising trade barriers, including a 25pct U.S. tariff on steel imports and a…
Ezz Steel announced that its shares have been delisted from the Egyptian Stock Exchange (EGX) as of March 13, 2025. In response, the company has set up an over-the-counter (OTC) trading facility using the EGX's…
Iron ore futures slipped on Friday as Beijing's pledge to cut excess steel capacity and mounting trade barriers on Chinese steel products dampened market sentiment. According to Bloomberg, China's steel industry plans…
Thailand-based hot-rolled coil producer G Steel, a subsidiary of Nippon Steel Corporation, is expanding its Rayong plant by adding cold rolling capabilities. The company has partnered with Danieli to install a four-high…
Japanese stainless steel producer Nippon Yakin Kogyo has successfully rolled the first coil on its newly installed HZ-Mill from Primetals Technologies at its Kawasaki plant. This marks the first use of an HZ-Mill for…
Turkey's HRC imports reached approximately 425,600 tons in January 2025, marking a 2pct increase compared to the same month last year, according to the Turkish Statistical Institute (TUIK). The HRC imports into Turkey…
Iron ore futures continued to decline on Thursday amid persistent concerns over demand, though strong domestic steel consumption helped limit losses. The outlook for iron ore was further pressured by rising…
Steel Exchange India has increased production capacity at its billet mill and rolling bar mill at its Visakhapatnam plant in Andhra Pradesh. The billet mill capacity has been expanded by 45pct, rising from 250,000 tons…
ArcelorMittal South Africa (ArcelorMittal SA) is in talks with the government and other stakeholders for funding to potentially delay the planned closure of its long steel operations. However, the company emphasized…
Pakistan's scrap imports fell by 6.74pct YoY in February 2025, totaling 238,043 tons, according to the Pakistan Bureau of Statistics (PBS). However, on a monthly basis, imports rose by 11.33pct compared to January 2025…
Iron ore futures continued to decline on Wednesday as concerns over steel demand persisted following weak property data and rising trade protectionism against Chinese steel products. According to China's National Bureau…
India's trade regulator has proposed a 12pct safeguard duty on flat steel products for 200 days to curb rising imports, according to a government notice. The Directorate General of Trade Remedies (DGTR), under the…
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