Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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The Secretary of State for Business and Trade has accepted the Trade Remedies Authority (TRA)'s recommendation to revoke the safeguard measure on Category 2 steel products, including non-alloy and alloy cold-rolled…
Egyptian long steel producer El Marakby Steel has received technical approval for rebar exports to Brazil from the Falcao Bauer Quality Institute, the company announced in a statement. The certification confirms El…
Vale has announced that its iron ore pelletizing plant at Sohar Port will be powered entirely by renewable electricity by 2030, aligning with the company's global commitment to decarbonize operations. Nasser Al Azri…
Iron ore futures fell on Wednesday as a cautious sentiment gripped the market ahead of the holidays. The decline was fueled by comments from former U.S. President Donald Trump about potentially imposing a 10pct tariff…
JSPL has ordered the new Danieli Direct Quench (DQ) system Exstream II for its Steckel mill, also known as a reversible finishing mill, in Raigarh, India. This advanced cooling system will significantly improve cooling…
Hyundai Steel, South Korea's second-largest steelmaker, sold over 1 mln tons of automotive steel sheets to non-affiliated foreign automakers in 2024, marking a significant milestone, Ked Global reported. The company…
British Steel has opened a new GBP 26-mln (USD 32 mln) service centre at its Special Profiles business in Skinningrove, Northeast England. This investment positions the company as a leading global supplier to the…
Steel producer Colakoglu Metalurji AS, based in Dilovasi, Turkey, has commissioned SMS group to modernize the laminar cooling section and downcoiler in its 1,850-mm hot strip mill. This upgrade will enable Colakoglu to…
Slovenian steel producer SIJ Group has signed an agreement with the Saudi Arabian government to establish the electrical steel production facility in Ras Al-Khair, a fast-growing industrial hub in southeastern Saudi…
Algerian Qatari Steel (AQS), located in the Bellara industrial zone in El Milia, Jijel, exported nearly 700,000 tons of steel products in 2024, generating over USD 360 mln, according to Deputy General Manager Sofiane…
Dalian iron ore futures continued to rise on Tuesday, driven by improving fundamentals that boosted market sentiment, despite ongoing concerns about demand. The iron ore market received support from rising steel…
Marcegaglia UK has expanded its manufacturing capabilities at the Oldbury site to include the production of electro-welded stainless steel tubes, complementing its existing carbon steel tube production. This expansion…
BHP Group reported a slight increase in iron ore production for Q2 FY25, ending 31 December 2024. The company produced 73.1 mln tons, up 1pct YoY and 2pct compared to the previous month. For H1 FY25, production rose…
Omani steel producer Al Jazeera Steel Products Co. SAOG reported a significant 73pct YoY increase in net profit for 2024, according to its unaudited financial statement. The company's net profit surged to OMR 7 mln (USD…
Al Watania for Industries (WFI) and China's Donghexin Group (DHX) have announced a joint venture to establish Saudi Arabia's first integrated tinplate manufacturing plant. This strategic initiative aims to localize a…
Turkey imported approximately 1.23 mln tons of pig iron in the first eleven months of 2024, marking a decline of over 3pct compared to the same period in 2023, according to data from the Turkish Statistical Institute…
Iron ore futures edged higher on Monday as a drop in weekly shipments from major miners to China supported positive sentiment. However, long-term uncertainties limited the gains. According to SMM shipping data, global…
ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between ArcelorMittal and Nippon Steel, is set to launch two advanced production lines this year dedicated to manufacturing automotive steel. The new lines…
GLGH Steel, LLC has agreed to acquire Artrom Steel Tubes S.A., a Romanian producer of seamless steel tubes based in Slatina and Resita. The transaction is pending regulatory approval from Romanian authorities. GLGH…
The global long steel products market is under increasing pressure due to weak demand, market protection, and excess capacity, with no positive news from China, according to the International Rebar Producers and…
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