Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Pomini Long Rolling Mills has completed a modernization project at Celsa Armeringsstal in Mo I Rana, Norway. The existing rolling mill, operational since the 1980s, was originally designed and supplied by Pomini SpA…
In August 2024, Turkey's rebar exports amounted to approximately 305,000 tons, reflecting a month-on-month decline of over 8pct and a YoY decrease of nearly 18pct, according to data from the Turkish Statistical…
The UAE has issued updated regulatory guidelines for steel bars used in concrete reinforcement (rebar), aligning with international standards such as BS 4449:2005, ASTM 615/615M, ASTM 706, and ISO 6935-1, according to a…
The European Commission has approved, under the EU Merger Regulation, the joint control acquisition of TBX NewCo Spain S.L.U. (Spain) and TBX Upstream Seamless Pipes L.L.C. (UAE) by Spain's Tubacex S.A. and the Mubadala…
Sweden's SSAB has appointed AFRY as the main engineering partner for its fossil-free steel mini-mill project in Lulea. AFRY will provide basic and detailed engineering services from 2024 to 2026 as part of SSAB's…
British Steel's GBP 26-mln (USD 34 mln) Skinningrove Service Centre will commission its third saw this month, adding to the two already in operation. This marks a significant milestone in the company's investment in…
Turkey's scrap import prices surged this week, driven by improved market sentiment and a positive outlook following the rise in Chinese steel prices. Scrap prices were assessed at USD 380-385 per ton CFR, up from USD…
Turkish pipe manufacturer Erciyas Celik Boru announced that its subsidiary, Erciyas Tech Ventures Technology Investments Inc., in which it holds a 55pct stake, has partnered with Cimtas Advanced Technology Solutions…
The board of directors of Crescent Steel & Allied Products Limited has approved, pending finalization of terms and conditions and the signing of an agreement, the sale of the plant, machinery, and pre-engineered…
Riyadh Steel Company has established a strategic planning committee, following a decision by its board of directors, the company announced in a stock exchange filing. The committee's primary focus will be to identify…
The Ministry of Trade, Industry, and Energy has launched an anti-dumping investigation into Chinese-origin HRC plates following a complaint from Hyundai Steel on July 31. Hyundai Steel, a leading South Korean steel…
Indonesian steelmaker PT Krakatau Steel's efforts to restructure USD 1.5 bln in loans are highlighting the industry's challenges, according to Bloomberg. The state-owned company is grappling with intense competition…
Turkey's scrap imports rose by 4pct YoY in the first eight months of 2024, according to data from the Turkish Statistical Institute (TUIK). From January to August 2024, Turkey imported approximately 13.5 mln tons of…
The US Department of Commerce has concluded its administrative review of the antidumping order on circular welded carbon-quality steel pipe from Oman and determined that Al Jazeera Steel Products, the sole producer…
The Pakistan Credit Rating Agency Limited (PACRA) has downgraded Amreli Steels Limited's entity ratings from "BBB" to "BB" for long-term and "A3" for short-term, with a negative outlook. PACRA highlighted the severe…
Baoshan Iron & Steel Co. Ltd., a leading global steel producer, has placed an order with Friedrich Kocks GmbH & Co. KG for a state-of-the-art Reducing & Sizing Block (RSB) as part of a greenfield project. The advanced…
Indian state-owned iron ore miner NMDC reported a 1.33pct YoY increase in production, reaching 3.04 mln tons in September, up from 3 mln tons in the same month last year, according to a BSE filing. Sales also rose by…
Italy's Acciaierie Venete has awarded AIC an order to automate the control systems of the rolling mill, shears, and cooling bed entry line at its Buja plant. In this project, AIC focused on implementing critical control…
Turkish steel producer Kardemir has increased its rebar prices in the latest sales round, according to the company's updated price list. Market insiders noted that the company sold significant volumes and closed sales…
Pakistan's scrap imports saw a slight decrease of 0.36pct YoY in August 2024, according to the Pakistan Bureau of Statistics. The country imported 211,700 tons of scrap that month, down from 212,455 tons in August 2023…
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