Kardemir cuts billet prices
Turkish steel manufacturer Kardemir has reduced billet prices, according to its latest price list. The company is offering S235JR grade billets at USD 535 per ton EXW and B420 grade billets at USD 550 per ton EXW, down…
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Turkish steel manufacturer Kardemir has reduced billet prices, according to its latest price list. The company is offering S235JR grade billets at USD 535 per ton EXW and B420 grade billets at USD 550 per ton EXW, down…
Turkish steelmaker Habas is set to expand its presence in the pipe sector through a new acquisition. The company aims to acquire Ilhanlar Haddecilik, a subsidiary of the Ilhanlar Group, located in the Osmaniye Organized…
Saudi Arabia's General Authority for Statistics (GASTAT) has reported the price trends for key building materials in Q1 2024. The average price of rebar decreased by 9.83pct to SAR 2,882.43 (USD 767) per ton from SAR…
Iron ore futures fell on Tuesday as market sentiment was dampened by lower production figures and persistently weak steel demand. Daily crude steel output among China Iron and Steel Association (CISA) member mills…
China's steel exports may decline in the coming months due to growing international pushback, Bloomberg reports. Vietnam has joined the US and Chile in initiating anti-dumping investigations against Chinese steel, as…
ArcelorMittal has completed its acquisition of a 28.4pct stake in Vallourec, buying 65,243,206 shares from Apollo Global Management Inc. The deal, valued at approximately EUR 955 mln (USD 1.045 bln), was finalized…
Liberty's technology partner has secured financial support for a significant investment at the Dunaujvaros steelworks in Hungary. In principle, China's CISDI Engineering and China's Export and Credit Insurance…
Saudi Arabia's Arabian Pipes Co. (APC) reported a net profit of SAR 111.83 mln (USD 29.7 mln) in the first half of 2024, a significant increase from SAR 56.94 mln in the same period last year. This profit surge is…
Iron ore futures gained on Monday, supported by expectations of stimulus measures from Beijing and an improved outlook for steel demand. China's services sector saw accelerated growth in July, driven by new orders…
India's DEE Development Engineers announced that it has bagged two international orders from Mitsubishi Heavy Industries, Japan and GE Vernova International. DEE Development Engineers has secured two international…
Ternium plans to complete its new 2.6 mln-ton slab steel mill in Pesqueria, Nuevo Leon, Mexico, by mid-2026. This expansion, the largest in the company's history, will boost its capabilities in the USMCA region…
ArcelorMittal has launched a new steel product, HyMatch, designed for constructing hydrogen pipelines to support the development of hydrogen gas infrastructure. This initiative involves research across ArcelorMittal's…
Turkey's scrap import prices remained steady at USD 390 per ton CFR this week due to limited buying activity. This stagnation is attributed to lower billet import offers and weak demand for Turkish finished steel in the…
UAE's Emirates Steel Arkan saw a significant drop in profits during the first half of 2024 due to tough conditions in both export and domestic markets. The company's net profit for Q1 2024 fell to AED 174.4 mln (USD…
Minister of Industry and Mineral Resources Bandar Al-Khorayef, accompanied by Deputy Minister Eng. Khaled Al-Mudaifer and other industry leaders, visited Vale's Carajas mines in Brazil's Amazon. The visit included an…
Iron ore futures gained on Friday amid hopes for additional stimulus measures from Beijing, though concerns about demand remained. The market anticipates new stimulus following weak Chinese manufacturing data released…
Tata Steel and Welspun Corp have teamed up to produce hydrogen-compliant grade steel pipes designed for the safe transportation of gaseous hydrogen. Their collaboration has resulted in the successful development and…
Indian state-owned iron ore miner NMDC reported an 11pct YoY decline in production, totaling 2.17 mln tons in July. In the same month last year, the company produced 2.44 mln tons, according to a BSE filing. However…
Turkish steel producer Kardemir has lowered rebar prices in its latest sales round, as per its new price list. The company is now offering rebar in sizes from 12 to 32 mm at TRY 19,500 (USD 588) per ton, down from TRY…
Saudi Steel Pipe Co. (SSP) reported a substantial increase in net profit, reaching SAR 147.9 mln (USD 39.3 mln) in H1 2024, a 58pct rise YoY. This growth was driven by higher sales revenues and volumes, including…
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