Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Phu My Flat Steel (PFS), part of Viet Nam Steel Corporation, contracted Danieli Service Vietnam to refurbish the gearbox of its cold rolling mill after a spindle failure affected the gearbox geometry. The refurbishment…
Steelmaking raw materials and steel futures tumbled on Thursday after the latest stimulus measures targeting China's struggling property sector failed to meet market expectations. Beijing announced plans to nearly…
Nucor Steel in Alabama has contracted SMS group to modernize and expand its Steckel mill at the Tuscaloosa site. The project's centerpiece involves transforming the existing mill into an advanced tandem Steckel mill…
Universal Stainless & Alloy Products, Inc. announced a definitive agreement to be acquired by Aperam in an all-cash transaction. Aperam will acquire all outstanding Universal shares at USD 45.00 per share, a 19pct…
Morocco's Ministry of Industry and Commerce has officially launched an anti-dumping investigation into imports of CR steel originating from Egypt, as announced in a public notice. The probe follows a complaint filed by…
YC Inox TR Celik has begun manufacturing EN 10357 stainless steel sanitary tubes, which are used in the food, pharmaceutical, and chemical industries. YC Inox's plant is now the only pipe manufacturer in the country…
Iron ore futures declined on Wednesday as the market grew cautious due to rising iron ore supplies from major miners and uncertainty in demand. Both Rio Tinto and Vale reported higher production and shipments in Q3, and…
Taiwan's China Steel Corp (CSC) will raise domestic steel prices for November, citing improved market sentiment driven by China's recent policy measures. Prices for commercial-grade HR plates and coils will increase by…
Pomini Long Rolling Mills has secured a contract from Riva Acciaio SPA to expand the continuous rolling mill at its Cerveno facility in Brescia, Italy, as part of a modernization plan. This facility processes both…
Pakistani flat steel producers, International Steels Limited (ISL) and Aisha Steel, have raised prices for CRC and galvanized coil products by PKR 10,000 (USD 36) per ton in the domestic market, compared to their…
Turkish steel producer Kardemir has secured a new rail export contract in Algeria, according to a stock exchange filing. The deal is valued at USD 11.2 mln, with delivery set to be completed within three months of the…
India's Jindal Steel Group is set to acquire Vitkovice Steel, a leading steel plate producer in the Czech Republic, in a move that will positively impact the Vulcan Green Steel project currently under construction in…
Dalian iron ore futures slipped on Tuesday as concerns grew over weaker demand prospects and rising shipments from major iron ore miners. The World Steel Association forecasts a 0.9pct decline in global steel demand to…
Vietnam imported 1.2 mln tons of HRC in September, marking a 34pct increase from August, according to the General Department of Customs. This amount represents 220pct of the country's domestic production, which was…
Tubacex has secured a strategic contract with Petrobras for the Sepia-2 and Atapu-2 offshore gas projects in Brazil. Valued at EUR 64.5 mln (USD 70.4 mln), this agreement reinforces Tubacex's position as a leading…
Acerinox, S.A. has signed an agreement to sell its subsidiary, Bahru Stainless Sdn. Bhd., to Worldwide Stainless Sdn. Bhd., a Malaysian company, for a total of USD 95 mln. The final closing of the transaction is…
Garawany Group's subsidiary, International Steel Industry, plans to invest EGP 5.5 bln (USD 113 mln) to upgrade and expand state-owned Delta Steel under a nine-year lease, CEO Ahmed El Garawany said. The expansion aims…
In August 2024, Turkey's HR steel exports reached approximately 229,000 tons, marking a significant YoY increase of 90pct, although this represents a 32pct decline from the previous month, according to data from the…
Iron ore futures rose on Monday, driven by renewed expectations of additional fiscal stimulus from Beijing, following weak economic data that lifted market sentiment. Data from China's National Bureau of Statistics…
China's steel exports surged by 25.93pct in September compared to the previous year, reaching 10.15 mln tons, the highest monthly figure since July 2016, according to data from the General Administration of Customs. In…
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