Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures extended losses on Tuesday as disappointing manufacturing data and weak market fundamentals deepened concerns over steel demand in China. The RatingDog China General Manufacturing PMI, compiled by S&P…
Indian Metals & Ferro Alloys Ltd (IMFA), India's leading fully integrated ferroalloys producer, has signed definitive agreements to acquire Tata Steel's ferrochrome plant in Kalinganagar, Odisha, for INR 610 crore (USD…
South Korea will inject KRW 570 bln (USD 396 mln) into its steel industry to strengthen exports, counter unfairly priced imports, and drive technological innovation, the government announced. The package includes a KRW…
U.S. Steel has announced a USD 75 mln investment to install a new premium thread line at its Fairfield Tubular Operations in Alabama, as part of its broader capital strategy with Nippon Steel. The new facility will…
Vallourec has secured a contract from TechnipFMC to supply over 20,000 tons of subsea seamless premium carbon-steel line pipes for the Orca project (formerly Gato do Mato), a major deepwater development in Brazil's…
Turkey's Borusan Pipe has announced that its U.S. subsidiary, Borusan Berg Pipe, has secured a USD 686 mln sales agreement to supply large-diameter pipes in the United States, according to a stock exchange filing…
Koc Metalurji has placed an order worth USD 3.5 mln for a continuous casting machine to enhance efficiency at its steel facility located in the Osmaniye Organized Industrial Zone. The contract, signed with China's…
Abu Dhabi-based Al Gharbia Pipe Company (AGPC), a manufacturer of longitudinally submerged arc welded (LSAW) steel pipes, has been recognized by the UAE's Ministry of Industry & Advanced Technology (MoIAT) as an…
The Competition Commission of Pakistan (CCP) has released its Competition Assessment Study of the Steel Sector, highlighting structural and policy challenges that undermine competitiveness in a key industrial segment…
Iron ore futures declined on Monday, pressured by weak steel demand and falling production in China. Rising inventories at major Chinese ports and cautious restocking by steel mills have further dragged down prices…
India's Lloyds Engineering Works Limited (LEWL) announced it has been selected as a consortium partner with Primetals Technologies India Pvt. Ltd. and Primetals Technologies Austria GmbH to design and build a 4.2 mln…
ArcelorMittal has completed the sale of its Bosnian steel and mining operations to H&P d.o.o. Zvornik, part of the Pavgord Group. The transaction includes ArcelorMittal Zenica, an integrated steel plant, and…
Alter Steel has selected Danieli to supply technology and equipment for its new steelmaking facility in Pinkenba, Queensland, Australia. The plant will employ Danieli MIDA QLP - Quality Long Product - technology…
Turkey's imported scrap prices held largely stable this week at USD 345-355 per ton CFR, as buying activity remained muted due to the mid-week Republic Day holiday and cautious market sentiment. Scrap suppliers kept…
Turkish special steel producer Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. (Kardemir) has ordered a Reducing & Sizing Block (RSB) 370++/4 from Kocks as part of a modernization plan to boost reliability and…
Saudi Arabia's East Pipes Integrated Company for Industry reported a 37.5pct YoY rise in net profit to SAR 248.8 mln (USD 66 mln) for the first half of FY26 ended September 30, 2025. The company attributed the growth to…
Amreli Steels, one of Pakistan's leading steel producers, reported a 20pct YoY reduction in losses for Q1 FY26 ended September 30, 2025, posting a net loss of PKR 790 mln (USD 2.79 mln) compared to PKR 992 mln a year…
Iron ore futures fell on Friday as weak steel fundamentals and soft economic data dampened market sentiment. Iron ore futures rallied earlier in the week on optimism over easing U.S.-China trade tensions, but momentum…
Jindal (India), part of the BC Jindal Group, has added new colour coated steel capacity to better serve India's rapidly growing white goods sector. The company will supply premium coated steel through OEM partners to…
Posco has signed a MoU with BHP to jointly advance 'near-zero emissions' ironmaking through Posco's hydrogen reduction ironmaking technology (HyREX). The collaboration will focus on developing and testing a…
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