Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Tata Steel has become India's first steel company to demonstrate end-to-end capabilities in developing pipes for hydrogen transportation, marking a key milestone in the country's National Hydrogen Mission. The API X65…
Thyssenkrupp Steel has made significant progress in its ongoing investments, with the new annealing and isolating line now in operation and the modernization of its Bochum facility nearly complete, the company…
In 2024, Pakistan experienced a modest recovery in annual scrap imports, though volumes remained relatively low, according to data from the Pakistan Bureau of Statistics. The country imported 2.66 mln tons of scrap…
Tata Steel posted a 43.41pct YoY decline in consolidated net profit after tax, falling to INR 295 crore (USD 34.1 mln) in Q3 FY25, ending December 31, 2024, compared to INR 522 crore in the same period last year…
Saarstahl Rail, a subsidiary of Saarstahl AG, has signed a major contract with French company SNCF Reseau for the supply of CO2-reduced rails. The contract, which spans up to six years, is valued at over USD 1 bln…
Turkish steelmaker Koc Metalurji has taken a significant step in expanding its production capacity by signing a USD 4.84 mln contract, including VAT, with Turkey-based BVS Bulbuloglu Vinc Sanayi ve Ticaret A.S. The…
Iron ore futures rallied on Monday during pre-holiday trading, supported by firm near-term demand ahead of China's week-long Chinese New Year holiday (January 28-February 4), with trading set to resume on February 5…
Australian miner Fortescue announced a 1pct YoY increase in iron ore shipments for the December quarter, reaching a total of 49.4 mln tons. This contributed to a record 97.1 mln tons in total shipments for H1 FY25…
Turkey's scrap import prices climbed this week, driven by fresh bookings from Turkish steel mills. Prices were assessed at USD 330-340 per ton CFR, up from USD 325-335 per ton CFR last week. The rise was supported by…
Turkish steelmaker Tosyali Holding AS is pursuing the acquisition of a European producer to bolster its green steel operations, while advancing multi-bln-dollar projects in Saudi Arabia and Africa, Bloomberg reported…
Mescier Demir Celik, an electric arc furnace (EAF) steelmaker based in Bartin, Turkey, plans to construct a 30 MW solar power plant in the Esme district of Usak. The project aims to reduce energy costs and carbon…
Dalian iron ore futures rose on Friday, supported by stable steel production levels and improved sentiment surrounding U.S.-China trade relations. Daily crude steel output from member mills of the China Iron and Steel…
Primetals Technologies has secured an order to modernize Baosteel's Pickling Line and Tandem Cold Mill (PLTCM) at its Baoshan plant in Shanghai, China. The project includes upgrading electrics and automation systems…
Vattenfall Europe Windkraft GmbH and steel producer Dillinger have signed a declaration of intent to accelerate the use of CO2-reduced steel in future wind projects. This collaboration supports Dillinger's ongoing…
Emirates Steel, a part of the EMSTEEL group, has announced stable rebar prices for February production. The price for rebar deliveries to Abu Dhabi is set at AED 2,660 (USD 724) per ton, while shipments to Dubai…
Turkish steelmaker Kardemir has updated its prices for rebar and wire rod, according to the latest price list. The company is now offering 12-32 mm rebar at TRY 19,460 (USD 546) per ton EXW, a slight decrease from the…
Turkish steel producer Kardemir has reduced its billet prices, according to its latest price list. The price for S235JR grade billets has been set at USD 480 per ton EXW, marking a USD 20 per ton decrease from the price…
Turkey exported approximately 1.87 mln tons of welded steel pipes during the first eleven months of 2024, an 8pct increase compared to the same period in 2023, according to data from the Turkish Statistical Institute…
Iron ore futures rose on Thursday as Beijing's latest support measures provided a lift to sentiment. However, weak market fundamentals capped the gains. China's financial regulators announced plans to channel hundreds…
Steel Dynamics, Inc. announced its financial results for the fourth quarter and full year of 2024, reporting Q4 net sales of USD 3.9 bln and net income of USD 207 mln. This marks a decline from Q3 2024 net income of USD…
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