Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures declined on Tuesday as market sentiment weakened following reports of stricter steel capacity control measures in China. China's Ministry of Industry and Information Technology (MIIT) is planning to…
Indian steel producer Mukand Ltd has completed the modernization of its two-strand bloom caster at its Kalwa plant in Thane, Maharashtra, following the successful completion of an upgrade project executed by SMS group…
VinMetal, the steel manufacturing arm of Vietnam's Vingroup, has signed a memorandum of understanding (MoU) with Primetals Technologies for the development of an integrated steel complex in Ha Tinh, Vietnam. The planned…
ArcelorMittal has announced the sale of approximately 23.9 mln shares in Vallourec, representing around 10pct of the French steel pipe producer's outstanding share capital, through an accelerated bookbuilding process to…
Industrias Lopez Soriano, part of the Gescrap Group, has selected Danieli Centro Recycling to supply a new high-performance preshredder for its existing scrap recycling plant in Zaragoza, Spain. The new unit is aimed at…
Turkish steel producer Kardemir reported a net profit of TRY 24.5 mln (USD 0.54 mln) in the first quarter of 2026, compared with a net loss of TRY 1.94 bln (USD 42.55 mln) recorded in the same period last year. The…
Turkey's billet imports increased sharply in the first quarter of 2026, according to data from the Turkish Statistical Institute (TUIK). The country imported around 1.27 mln tons of billet during the January-March…
Turkish stainless steel service center Nikel Paslanmaz announced plans to invest around USD 154 mln in new projects as the company targets 30pct growth in 2026 despite challenging market conditions, according to the…
Morocco's Ministry of Industry and Trade has recommended the imposition of definitive antidumping duties on imports of cold rolled steel sheets originating from Egypt following the conclusion of its antidumping…
Jindal Steel has signed an investment agreement with Suhar Industrial City in Oman to develop an integrated iron and steel project with an estimated investment of OMR 150 mln (USD 390 mln). The project will be located…
Iron ore futures remained under pressure on Monday amid continued uncertainty surrounding China's steel demand outlook and rising supply pressure from major miners. Market sentiment was weighed down by increased iron…
NMDC Steel Limited has achieved its highest-ever monthly production, reaching 100pct of rated capacity at its integrated steel plant, marking a significant milestone in the ramp-up of operations. The plant is equipped…
Swedish steelmaker SSAB has decided to invest SEK 3.3 bln (USD 349 mln) in a new quenching and tempering (Q&T) line at its Oxelosund plant in Sweden. The investment, which will be implemented over a four-year period…
Turkey's imported scrap prices remained largely stable this week, as steel mills continued cautious procurement amid weak finished steel demand and squeezed margins. HMS 1&2 (80:20) import prices were assessed at around…
Pakistan's flat steel producers International Steels Limited (ISL) and Aisha Steel increased domestic prices for cold-rolled and galvanized steel products by PKR 5,000 (USD 18) per ton. Following the increase, ISL's 1…
Saudi Arabia's based East Pipes Integrated Company for Industry (East Pipes) reported record financial results for the fiscal year ended March 31, 2026, supported by strong contract execution and higher demand from the…
Iron ore futures declined on Friday, pressured by high port-side inventories in China and concerns over the steel demand outlook, although relatively firm steel production levels limited losses. Market participants said…
Taiwan's China Steel Corporation (CSC) announced increases in domestic steel prices for June 2026 shipments, citing higher raw material costs, rising international steel prices, and improving market conditions. The…
ArcelorMittal Belgium restarted its Galva 5 hot-dip galvanizing line in Flemalle after four years of inactivity, expanding the company's metallic-coated steel production capabilities in Europe. The restart follows…
Italy-based Euroacciai selected AIC Group to modernize and automate its slitter cutting line through a complete upgrade of the plant's control and automation systems. The project includes replacing the existing…
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