Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Chinese silicon steel producer Fujian Kebao Metal Products, a subsidiary of Sanbao Group, has ordered a continuous tandem cold mill (CTCM) from Primetals Technologies for its Zhangzhou plant in Fujian Province. The new…
Belgian wire processing firm Bekaert has agreed to sell its steel wire solutions businesses in Costa Rica, Ecuador, and Venezuela to Grupo AG for an enterprise value of approximately USD 73 mln. The deal is expected to…
Maghreb Steel, Morocco's leading flat steel producer, reported a nearly 16pct YoY increase in revenue for 2024, driven by strong domestic sales. The company's revenue rose to MHD 5.42 bln (USD 546 mln), up from MHD 4.68…
The Middle East and North Africa (MENA) region is well-positioned to lead the global shift toward green iron and steel, leveraging its competitive advantages in renewables, green hydrogen, and steel production…
Iron ore futures fell on Thursday due to uncertainty over demand, driven by escalating trade frictions between the U.S. and China. However, Beijing's commitment to boosting domestic consumption and firm steel demand…
China's Baoshan Iron & Steel Co., Ltd. (Baosteel) has issued the final acceptance certificate (FAC) to SMS group for the installation of a coilbox in its 1880 mm hot strip mill, marking the near-completion of the…
Hyundai Steel, South Korea's second-largest steelmaker, is accepting voluntary layoffs from technical workers as it navigates industry headwinds and uncertainties surrounding a potential second Trump presidency…
SteelAsia Manufacturing Corp., the Philippines' leading steel producer, has successfully commissioned its first solar rooftop photovoltaic (PV) system at its Meycauayan steel plant in Bulacan. The 1.9 megawatt-peak…
Egypt's El-Marakby Steel aims to increase its rebar exports by at least 10pct in 2025, targeting 140,000 tons compared to 120,000 tons worth USD 80 mln last year, according to the local media reports. CEO Eng. Hassan…
Egypt has taken a significant step toward modernizing its rail infrastructure with the recent dispatch of British Steel-manufactured rails for the country's first fully electrified mainline and freight network. The…
Iron ore futures remained under pressure on Wednesday, marking their eighth consecutive session of decline as escalating trade tensions between the U.S. and China, along with potential steel production curbs, weighed on…
Donghua Iron & Steel has commenced construction on its electric-arc furnace (EAF) project in Tangshan, Hebei province, featuring the installation of two new Danieli Zerobucket EAFs. Danieli's Zerobucket technology…
Agha Steel Industries Limited reported a net loss of PKR 3.84 bln (USD 13.7 mln) for H1 FY25, a sharp increase from the PKR 219 mln loss in the same period last year. Revenue dropped 42.6pct YoY to PKR 5.3 bln (USD 19.1…
Iron ore futures remained under pressure on Tuesday, marking their seventh consecutive session of decline. The drop was driven by ongoing U.S.-China trade tensions and steel production curbs in China. U.S. President…
India's finished steel imports from China, South Korea, and Japan reached a record high in the first 10 months of the financial year, according to provisional government data cited by Reuters. Imports from South Korea…
Salzgitter AG's subsidiary, Ilsenburger Grobblech GmbH, is contributing high-quality steel to the Rader High Bridge replacement project, a crucial infrastructure upgrade in northern Germany. Spanning 1,500 meters over…
Ezz Steel, one of Egypt's leading steel producers, has kept its rebar prices unchanged for the sixth consecutive month. The company's rebar price remains at EGP 38,200 (USD 754) per ton EXW, inclusive of 14pct VAT. Ezz…
Turkish pipe producer Borusan Pipe reported a net loss of USD 5 mln in 2024, a sharp decline from its USD 194 mln profit in 2023, citing challenging market conditions. The company attributed its losses to pricing…
Pakistan's Amreli Steels reported a net loss of PKR 1.87 bln (USD 6.7 mln) for the first half of the fiscal year 2025 ending December 31, 2024, a sharp decline from the PKR 632 mln loss recorded in the same period the…
Iron ore futures fell on Monday as steel production curbs and rising trade frictions dampened market sentiment. According to market sources, Chinese authorities have ordered steel producers in Tangshan, a major steel…
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