Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Vietnam’s steel producer, Hoa Phat Group experienced a decline in crude steel production in June 2023, producing 520,000 tons, which was 23pct lower than the same period in 2022. The company’s sales volumes of…
Leeco Steel, North America's largest supplier of steel plate, has acquired Titan Steel in Alvarado, Texas, a steel plate processor. As part of the acquisition, Leeco will retain Titan Steel's entire staff, its Alvarado…
Turkish steel producer, Kardemir has announced new rebar prices, according to its latest price list. The company has raised the prices of rebar sizes ranging from 12-32 mm to TRY 15,850 (USD 607) per ton, compared to…
Industries Qatar (IQ), the parent company of Qatar Steel, has announced its approval of plans to acquire Al Qataria Steel, as stated in an exchange filing. The filing highlights that IQ has granted preliminary approval…
The Pakistan Association of Large Steel Producers (PALSP) have voiced strong criticism against the existing dual tax system in the country, raising concerns about the preferential treatment and unfair advantages enjoyed…
Iron ore futures recorded gains on Thursday, driven by the anticipation of additional stimulus measures aimed at bolstering the country's post-COVID economic recovery. However, concerns persist regarding the demand…
According to provisional government data, India's import of finished steel reached its highest level since 2021, totaling 0.9 mln tons in April and May. This marked a significant increase of 27pct compared to the same…
Brazilian steel producer Usiminas has recently granted the provisional acceptance certificate (PAC) to Primetals Technologies for the modernization of Usiminas’ welding machine at a steel plant in the city of Ipatinga…
Commercial Metals Company (CMC), a US steel producer, has commenced operations at its new micro mill in Mesa, Arizona, according to a press release by Italian steel equipment manufacturer Danieli. The startup of “CMC…
ORI Martin, one of the main European integrated steel groups which produces high-quality steel for the automotive, fastener, mechanical and building sectors, has awarded Tenova, a leading company in sustainable…
Turkish steel producer, Kardemir has decreased billet and wire rod prices, according to its latest price list. Kardemir's S235JR grade 150 mm billet is now offered at USD 565 per ton EXW, representing a decrease from…
Bahrain-based Sulb Company BSC, a major manufacturer of medium and heavy beams and structural steel sections in the Middle East, has partnered with TBK Automation and Measuring Technology GmbH to implement an advanced…
Watani Iron Steel Company (Watani Steel) has announced the appointment of Abdul Karim Mohammed Al Rajhi as the Chairman of the board for the upcoming three-year term. Alongside him, Mishaal Abdul Karim Al Rajhi and…
Dalian iron ore futures experienced a slight uptick on Wednesday, however, the overall outlook remains uncertain due to several factors, including the ongoing Tangshan output curbs and a weakening demand for steel…
Blastr Green Steel AS, a prominent developer of ultra-low CO2 steel products, and Cargill, a leading player in the global ferrous supply chain, have recently signed a strategic framework agreement. This agreement…
US Steel Kosice has recently completed a comprehensive one-year testing phase of the latest Danieli UHP hard-faced pinch rolls, which are deployed in the downcoiler area of the hot-strip mill located in Kosice…
Sarralle Rolling Mill has announced a new order from Ovako Boxholm in Sweden. The order entails the supply and commissioning of a cutting-edge shear designed to handle a wide range of production mixes, grades…
Outokumpu, the global leader in stainless steel, is partnering with Nordic Steel, Norway's leading competence centre in steel, to introduce sustainable stainless steel in Norway. Outokumpu’s Circle Green is the world’s…
According to data from the Turkish Statistical Institute (TUIK), Turkey witnessed a significant 72 pct increase in HRC imports in May, totaling 589,174 tons. The surge in imports was primarily driven by a sharp increase…
Shanghai steel futures continued their upward trend on Tuesday, driven by ongoing production restrictions in Tangshan, China's leading steelmaking city. Tangshan has instructed steel mills to limit their steel and…
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