Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
Got a story for the Middle East steel market? Submit news
3,624 news items in Products. Show all
JFE Steel Corporation announced that its JGreeX green steel will be used in surface mounters produced by Yamaha Motor Co., Ltd., known for manufacturing motorcycles and other products. Certain exterior parts of the…
Tenaris has invested USD 520,000 to install an electric induction coil for the upsetting line at its TuboCaribe seamless steel pipe mill in Cartagena, Colombia, replacing a natural gas furnace. This line, which…
Turkish steel producer Kardemir has raised its rebar and wire rod prices in the latest sales round, according to the company's updated price list. Rebar in sizes ranging from 12 to 32 mm is now offered at TRY 20,460…
Steelmakers in the Middle East and North Africa (MENA) are poised to lead the global shift to green iron and steel production, according to the Institute of Energy Economics and Financial Analysis (IEEFA). Advances in…
Iron ore futures gained on Thursday, driven by stimulus hopes despite ongoing demand concerns. The optimism was fueled by the US central bank's decision to cut interest rates for the first time in over four years…
Jindal India Limited, a major player in India's downstream steel industry, has announced plans for a capital expenditure of INR 1,500 crore (USD 179 mln) to significantly boost its production capacity. The expansion…
Tokyo Steel, a leading EAF-based steel producer in Japan, has reduced steel prices for October after maintaining stable prices for the past seven months. HRC (1.7-22 mm) prices were lowered by JPY 12,000 (USD 85) to JPY…
Turkish steel manufacturer Kocaer Celik reported a significant 77pct YoY drop in net profit for the first half of 2024. In a stock exchange filing, the company disclosed a net profit of TRY 145.23 mln (USD 4.26 mln)…
Turkey imported approximately 118,100 tons of pig iron in July 2024, a 16pct YoY decrease but a 37pct increase compared to the previous month, according to data from the Turkish Statistical Institute (TUIK). In the…
Iron ore futures plunged on Wednesday following the post-holiday resumption of trading, driven by cautious market sentiment surrounding demand prospects. Chinese commodity markets were closed earlier in the week due to…
Sinosteel Engineering & Technology Co., Ltd. (Sinosteel E&T) and Tenova have announced the successful performance test of Baosteel Zhanjiang Iron & Steel Co., Ltd.'s new hydrogen-based 1 mln tons per year ENERGIRON…
ArcelorMittal Nippon Steel India (AM/NS India) has invested nearly INR 1,000 crore (USD 119 mln) in its Gujarat plant to establish a production line for Magnelis, a patented flat carbon steel with a…
Vallourec, a global leader in premium seamless tubular solutions, has signed a definitive agreement to acquire 100pct of the shares of Thermotite do Brasil Ltda., a subsidiary of Mattr specializing in thermal insulation…
Australian steel producer BlueScope Steel, through its subsidiary BlueScopeX Pty Ltd, has signed a memorandum of understanding (MoU) with Helios Project Ltd., the developer of the Helios Cycle, a novel process that uses…
Ezz Steel, Egypt's leading steel producer, reported a profit in the first half of 2024, according to its financial statement. The company achieved a profit of EGP 2.27 bln (USD 46.9 mln), reversing a loss of EGP 810 mln…
Borusan Pipe, a Turkish manufacturer, has inaugurated a EUR 15 mln (USD 16.6 mln) service center near Ploiesti, southern Romania. The facility, which received a state grant of EUR 5.83 mln (USD 6.48 mln), is expected to…
Demand for rebar and wire rod is projected to reach 7.5 mln tons in 2024, according to Jassem Abbas, Vice Chairman of the National Committee for Steel Industry (NSCI) and General Manager of Sales, Marketing, and…
Iran's production of semi-finished steel has declined in the first five months of Iranian fiscal year, primarily due to widespread electricity cuts this summer, according to industry sources. The Iranian Steel Producers…
Cleveland-Cliffs Inc. is advancing its transformational project at the Middletown Works facility in Middletown, Ohio, with up to USD 500 mln in potential funding from the Department of Energy. The project will replace…
Turkey's CRC imports totaled 423,000 tons in the first seven months of this year, a 16pct decrease compared to the same period last year, according to data from the Turkish Statistical Institute (TUIK). In Jan-Jul 2024…
“Premium Content” marks a news item that needs a subscription to read in full.
