Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Steel Authority of India (SAIL) plans to establish a modern steel plant in Burnpur, West Bengal. The plant, near the existing IISCO Steel Plant, will have a capacity of 4.08 mln tons and is awaiting final vendor…
Tokyo Steel Japan introduces Enso, its new green steel brand symbolizing the circular economy. Developed in partnership with global steel trading firm Stemcor, the Enso logo transitions from charcoal to green…
The Canada Border Services Agency (CBSA) has announced the preliminary determination of its antidumping duty investigation against wire rod imports from Egypt, China, and Vietnam. Focusing on Egypt, the Canadian…
Turkey's rebar exports surged by 64pct YoY in April 2024, according to data from the Turkish Statistical Institute (TUIK). Turkish rebar suppliers exported 276,000 tons during this period, marking a 23pct increase…
Iron ore futures extended losses on Wednesday, as market sentiments remained negative despite improved economic data. China's factory price deflation eased slightly, and the consumer price index increased marginally…
JFE Steel Corporation introduces its wall bending and restrike method, chosen by Kyoho Machine Works, Ltd., a Japanese auto parts manufacturer, to address springback in pressing 1180MPa-grade ultra-high-strength steel…
Tata Steel is set to invest GBP 12 mln (USD 15.2 mln)in its tube-making operations in Corby, funded by the sale of redundant land on the west side of the site. Warmflame Developments (WD) has facilitated this sale…
Tenaris has been awarded a contract for the supply of pipes and related services for phase II-A of the Sakarya gas field development. Turkish Petroleum (TPAO) operates the project, located in the ultra-deep waters of…
Iron ore futures grew slightly on Monday, as market participants held onto hopes that stimulus measures would be implemented to revive faltering economic growth. However, the government's emphasis on restricting steel…
Steel Authority of India (SAIL) has awarded a contract worth INR 30,438 crore (USD 3.7 bln) to Power Mech Projects (PMPl) and PC Patel Infra Consortium for a mine development and operation project (MDO), Tasra OCP…
Stainless steel maker Jindal Stainless Ltd (JSL) has sought the government's intervention to check increasing imports of steel products from a select group of countries including China. Select few countries including…
Vietnam’s major steel producer, Hoa Phat Group posted a revenue of VND 29,800 bln (USD 1.25 bln) in Q2 2023, showing a decline of 21pct compared to the same period in the previous year. The company’s profit after tax…
The steel producer Nucor Steel Nebraska in the U.S. has successfully rolled the first bar on its new Kocks intermediate Reducing & Sizing Block (RSB). The so-called iRSB represents one of the latest advancements in…
Turkey's scrap import prices experience further decline as steel demand remains subdued. Scrap import offers for the Turkish market are in the range of USD 345-350 per ton CFR, reflecting a decrease of USD 5-10 per ton…
Saudi Iron and Steel Company (Hadeed) has made the decision to keep the prices of rebar and wire rod unchanged for the production in August. The pricing of rebar, available in sizes ranging from 12-32 mm, and wire rod…
Iron ore futures continue to slide as the government's move to limit steel output raises demand concerns. According to reports, major steel mills have been directed to restrict their output, curbing any potential…
Tata Steel IJmuiden and Wuppermann Staal have reaffirmed their dedication to European customers by renewing their supply and tolling agreements. The focus of these agreements remains on delivering galvanized hot-rolled…
Danieli has been chosen by Marcegaglia Steel to undertake a new upgrading project at the Palini & Bertoli plate mill plant in San Giorgio di Nogaro, Italy. The primary objective of this modernization project is to…
In May 2023, Turkey's wire rod exports faced a significant decline of over 62pct YoY, with the total volume amounted to 39,533 tons, as reported by the Turkish Statistical Institute (TUIK). Despite this overall…
Turkish exports of coated coil in widths of 600 mm and above in the first five months of 2023 fell 50pct YoY to 342,500 tons, hit by antidumping duties imposed by the European Commission and low demand in most main…
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