Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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The Egyptian Ministry of Investment and Foreign Trade has announced provisional safeguard duties on flat steel products, according to two WTO notifications. For hot-rolled flat steel, the Ministry proposed a 13.6pct…
The Egyptian Ministry of Investment and Foreign Trade has notified the WTO of a proposal to impose a provisional safeguard duty on billet imports. According to the Ministry's Trade Remedies Sector (TRS), the duty would…
Iron ore futures closed nearly flat on Friday, with firm near-term demand tempered by sluggish steel consumption. Market sentiment was supported by expectations of resumed steel production after environmental curbs were…
Xinyu Iron & Steel Co. Ltd. (Xisco), a subsidiary of China Baowu Group, has completed its Kocks RSB 370++/4 project with the signing of the Final Acceptance Certificate (FAC), marking full operation of its new SBQ mill…
Tenaris has secured a contract to supply seamless line pipe and TenarisShawcor thermal insulation coatings for risers and flowlines in the Buzios 11 offshore development. Located 180 km off Rio de Janeiro in the Santos…
Aperam Stainless Belgium has signed a long-term Power Purchase Agreement (PPA) with LRM to source renewable electricity from Kristal Solar Park, Belgium's largest photovoltaic installation. The deal reinforces Aperam's…
Turkey exported around 1.73 mln tons of HRC in the first seven months of 2025, marking a 24pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). Italy was the leading buyer with 471,000…
The Algerian-Qatari Steel Company (AQS) has signed commercial and strategic agreements worth more than USD 1.6 bln to boost its steel exports to over 40 African countries. The announcements were made during the 4th…
Pakistan's Aisha Steel Limited reported a sharp widening of losses in fiscal year 2025, ending June 30, with net losses rising to PKR 1.35 bln (USD 4.76 mln) from PKR 132 mln a year earlier, according to a stock…
Watani Iron Steel Co. (Watani Steel) has renewed a Shariah-compliant bank facility worth SAR 25 mln (USD 6.65 mln) with Alinma Bank, according to a stock exchange disclosure. Backed by a promissory note, the financing…
Iron ore futures slipped on Thursday as concerns over weak steel demand resurfaced. Rising inventories of finished steel products, particularly long steel, at major Chinese stockists highlighted sluggish domestic…
JSW Steel Ltd. has issued a Final Acceptance Certificate (FAC) to SMS group for commissioning a second 350-ton RH-TOP (Ruhrstahl Heraeus) unit at its Dolvi steelmaking shop in Maharashtra. The first unit was…
JSW JFE Electrical Steel Nashik has awarded John Cockerill India a contract to engineer, design, manufacture, and supply advanced tunnel furnaces for its Nashik facility, with commissioning scheduled for early 2027. The…
Metso has inaugurated its Circored pre-reduction pilot plant in Frankfurt, Germany. The investment reflects Metso's commitment to advancing low-carbon technologies and supporting the global transition to fossil-free…
Japan's Mitsui & Co. and Itochu Corporation have signed agreements with BHP to acquire indirect stakes in the Ministers North iron ore deposit in Western Australia, with Mitsui taking 7pct and Itochu 8pct. BHP will…
UAE's EMSTEEL Group, one of the region's largest publicly listed steel and building materials manufacturers, has partnered with Italian technology leader Danieli to launch the world's first Electric Process Gas Heater…
Silvan Rolls, a long-established Turkish producer of sphero and steel rolling rolls, is moving ahead with plans to build a new steel plant in Karabuk. The project, backed by parent company Vergili Group, will feature a…
Iron ore futures rose slightly on Wednesday, supported by expectations of stronger steel output after environmental curbs on Tangshan mills were lifted last week. A drop in weekly shipments from major suppliers also…
Outokumpu, a global leader in sustainable stainless steel, has signed a Memorandum of Understanding (MoU) with Boston Metal to accelerate the development of carbon-free metals for industries such as defense and…
Ukraine-based Interpipe, a global producer of steel pipes and railway products, has added a new product to its portfolio with the successful delivery of E470 grade line pipes under EN 10297-1 standards to a French…
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