Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Tata Steel, in partnership with German energy storage startup Kraftblock GmbH, is nearing one year of stable operations of a thermal energy storage system installed at Sinter Plant #3 (SP3) at its Jamshedpur Works. The…
India's state-owned miner NMDC Ltd reported higher iron ore output and sales in February 2026, according to a stock exchange filing. The company produced 5.35 mln tons of iron ore during the month, compared with 4.62…
Marcegaglia Stainless Sheffield has completed a further phase of its major melt shop modernization project with the installation of water-cooled ducting on its electric arc furnace (EAF). The works, carried out by…
Braca Metals, a leading scrap-processing operator in New South Wales, has selected Danieli Centro Recycling to supply a new shredder-based recycling plant at its newly developed yard in Razorback, NSW, Australia. The…
Turkish pipe producer Borusan Pipe reported higher earnings in 2025, supported by stronger volumes and improved operational efficiency, according to its full-year financial results. Net profit reached USD 31.7 mln in…
Welspun Corp Limited has incorporated a wholly owned subsidiary in the United Arab Emirates, strengthening its global marketing and trading presence. In a stock exchange filing, the company said the new entity, Welspun…
Iron ore futures rose on Tuesday, supported by sharply higher freight costs amid escalating tensions in the Middle East. Freight rates have surged following the dramatic escalation of conflict in the region, which has…
Tata Steel has completed the sale of its ferro alloy plant at Jajpur, Odisha, to Indian Metals & Ferro Alloys Ltd (IMFA) for INR 610 crore (USD 67 mln), according to a stock exchange filing. The transaction was…
Salzgitter AG said its subsidiaries have been awarded contracts to supply key pipeline segments for the FGL 702 hydrogen project, part of Germany's emerging hydrogen core network. The project will facilitate renewable…
Vallourec reported full-year 2025 revenues of EUR 3.8 bln (USD 4.4 bln), down 6pct YoY, mainly due to lower sales volume and adverse currency impact. Full-year EBITDA totaled EUR 819 mln (USD 949 mln), slightly lower…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products for March deliveries. Rebar prices for 12-32 mm sizes have been raised by SAR 100 (USD 26) to SAR 2,360 (USD 629) per…
Turkey's crude steel production rose 5.8pct YoY to 3.38 mln tons in January 2026, according to data from the Turkish Steel Producers' Association (TCUD). Billet output increased 4.4pct to 2 mln tons, while slab…
Pakistan's Agha Steel Industries Limited posted a decline in revenue but significantly narrowed its losses for the half year ended December 31, 2025, according to the company's financial statement. Net turnover fell to…
Iron ore futures rose on Monday, recovering from earlier losses as a sharp jump in oil prices and freight costs linked to escalating Middle East tensions supported the market, though underlying demand concerns continued…
Tata Steel has completed the revamp of its 145 m2 horizontal belt filter (HBF) at the West Bokaro coal operations, marking the refurbishment of the largest such unit in its portfolio and one of the largest globally. HBF…
Hydnum Steel has secured a key milestone in the development of Spain's first clean steel plant after obtaining access to 500 MW of electricity capacity at the Brazatortas grid node in Ciudad Real. The allocation…
Acciaierie Venete has completed a major safety upgrade at its Buja plant, covering the reheating furnace, roughing mill and descaling areas. The program focused on strengthening controlled access, power isolation and…
Turkey's scrap import market remained broadly stable this week, although sentiment softened as mills largely stayed on the sidelines amid weak finished steel demand and tightening margins. Deep-sea scrap prices were…
Mughal Energy Limited, a wholly owned subsidiary of Mughal Iron & Steel Industries Limited, has reached a key milestone in the development of its 36.5 MW hybrid power plant with the successful completion of steam…
Iron ore futures edged higher on Friday, supported by rising steel production and expectations of seasonal demand improvement, although gains remained limited amid concerns over environmental-related output curbs ahead…
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