Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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NINL, a 1.1-mln-ton steel manufacturing unit in Odisha, has reached 100 pct capacity utilisation within one year of its acquisition by Tata Steel. On July 4, 2022, the steel major completed the acquisition of Neelachal…
Vietnamese steel producer, Hoa Phat has successfully commenced operations at its upgraded QSP plant in Dung Quat. The expansion project, conducted by Danieli, focused on enhancing the existing Danieli QSP - Quality…
ArcelorMittal, the world’s leading steel and mining company, and Snop, a major tier-one European automotive supplier, have signed a sustainability-focused memorandum of understanding (MoU) at Snop’s headquarters in…
Saudi Arabia's Arabian Pipes Company (APC) has successfully secured two pipe supply contracts, as stated in the company's filing to the bourse. APC has been awarded a contract valued at approximately SAR 322 mln (USD…
Vulcan Steel, owned by industrialist Naveen Jindal, is engaging in discussions with multiple export credit agencies (ECAs) to secure USD 2.5 bln in funding for its upcoming environmentally-friendly steel plant in Oman…
The Dalian iron ore futures experienced a decrease on Monday as reports emerged regarding Tangshan ordered steel mills to reduce production in order to combat air pollution According to the reports, Tangshan, a major…
ABB has been appointed to provide electrification and automation systems for ArcelorMittal Nippon Steel India’s (AM/NS India) advanced steel cold rolling mill (CRM) in Hazira, Gujarat. The contract at the flagship…
India’s NMDC Steel Limited (NSL) has commenced trial production of HRC from its rolling mill. The NSL team, along with MECON and technology provider Danieli, successfully completed integrated trial runs by utilizing…
The UK government has announced its decision to maintain the anti-dumping measure on heavy plate steel imports from China, as recommended by the Trade Remedies Authority (TRA). This measure will remain in place for an…
Tata Steel UK has achieved a significant milestone in its decarbonisation journey after delivering its first Optemis Carbon Lite steel to infrastructure supplier, Boecker Stahl-Service. The 22-ton hot dip galvanised…
Turkish steel exports to the GCC region experienced a mixed performance in May 2023. While Turkish steel exports to Saudi Arabia declined, there was a notable increase in exports to the UAE and Qatar. In May 2023, the…
Minister of Petroleum and Mineral Resources, Tarek El Molla, engaged in talks with a delegation from Saudi company ArcelorMittal Jubail to explore potential cooperation in the manufacturing of oil and gas pipelines, the…
Vallourec, a global leader in premium tubular solutions for the energy industry, has announced the signing of a Memorandum of Understanding (MoU) with the Ministry of Investment of Saudi Arabia (MISA). The MoU, signed…
The State Bank of Pakistan (SBP) has eased the import restrictions that were imposed in December last year in an attempt to appease the International Monetary Fund (IMF). However, both the business community and…
Dalian iron ore futures witnessed a drop in Monday's post-holiday trade as weak steel demand overshadowed the rise in steel output China's daily crude steel output reached 2.95 mln tons from June 11 to 20, a 1.11pct…
Union Steel Minister Jyotiraditya M Scindia virtually inaugurated SAIL's INR 149-crore (USD 18 mln) beneficiation project at Kanker, Chhattisgarh. The project includes a silica reduction plant at Dalli iron ore mines…
Outokumpu, the global leader in stainless steel, is partnering with Thyssenkrupp Materials Processing Europe, a leading steel and aluminium service centre, and Boysen Group, a premium exhaust system manufacturer, to…
Turkey's scrap import prices have remained unchanged in the past week as mills refrain from entering the market amid sluggish steel demand. Scrap import offers for the Turkish market are currently hovering around USD…
According to data from the Steel Ministry, several key export markets for India's steel, including Vietnam, Italy, Spain, Belgium, UAE, and others, either reduced their orders or maintained them at the same level in May…
Sarralle Processing Lines has successfully obtained the final acceptance certificate for the recently installed new slitting line at North American Stainless (NAS), which is a part of the Acerinox Group. This…
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