Crescent Steel and Allied Products Limited reported net income of PKR 770.9 mln (USD 2.76 mln) for the first nine months of FY26 ended March 31, 2026, compared with PKR 332.79 mln in the same period last year. Revenue…
Saudi billet producer Al Qaryan Steel has obtained certification for its billets under the Emirates Conformity Assessment Scheme (ECAS) and the Emirates Quality Mark (EQM), issued by CARES. The certifications, valid…
The National Tariff Commission (NTC) has decided to continue anti-dumping duties on imports of continuous casting steel billets from China into Pakistan, following the conclusion of a sunset review. The review…
Egypt's Ezz Steel has increased rebar prices in the domestic market, reflecting rising costs and policy-driven supply constraints. The company raised its rebar offer to EGP 39,850 (USD 769) per ton EXW, up from EGP…
Meranti Green Steel is considering downstream steel investments as part of its long-term strategy alongside its planned low-carbon iron project in Duqm, according to local media reports. CEO Dr Sebastian Langendorf said…
Marcegaglia and Danieli have signed an agreement to develop a new steelmaking and flat rolling facility in Fos-sur-Mer, France. The proposed plant will have capacity to produce over 2 mln tons per year of liquid steel…
Turkish steelmaker Kardemir has opened a new billet sales round, maintaining prices at previous levels. The company is offering S235JR-grade billet at USD 540 per ton EXW and B420-grade billet at USD 550 per ton EXW…
Escalating geopolitical tensions in the Middle East, following the U.S.-Israel conflict with Iran and its spillover across the GCC, are disrupting regional supply chains, particularly through the Strait of Hormuz, a key…
Severstal is upgrading the control system of reheating furnaces at its 350-bar mill at the Cherepovets Iron and Steel Works (CherMK), aiming to improve heating quality and environmental performance. As part of the…
Turkey's Kardemir has commissioned a new continuous casting machine (SDM-2) as part of its ongoing investment programme aimed at increasing high value-added steel production and reaching 3 mln tons per annum of liquid…
Severstal has completed a major upgrade of the shaped casting section at its SSM-Tyazhmash machine-building center at the Cherepovets Iron and Steel Works (CherMK), increasing casting output by 40pct annually. The…
Turkish steelmaker Kardemir has increased prices for billet and rebar in its latest sales round. Billet prices were raised by USD 35-40 per ton compared to the previous month, with S235JR grade now offered at USD 540…
SAIL's Durgapur Steel Plant (DSP) has awarded SMS group a turnkey contract to modernize its two 6-strand billet casters in Durgapur, West Bengal, as part of efforts to enhance long product capacity and efficiency. The…
Turkey's crude steel production increased by 4.7pct YoY to 6.41 mln tons in the first two months of 2026, according to data from the Turkish Steel Producers' Association (TCUD). Billet output edged down by 0.1pct to…
Saudi Iron and Steel Company (Hadeed) has achieved a new monthly billet production record at its Jubail plant, producing 103,227 tons in October 2025, surpassing the previous record of 101,304 tons set in July. The…
Turkish steel producer Kardemir has announced its sales allocation plan for Q2 2026, increasing billet and rebar volumes while reducing allocations for wire rod and profiles compared with the previous quarter. Billet…
British Steel has secured a GBP 70 mln (USD 93.6 mln) export contract to supply 120,000 tons of billet for port redevelopment projects in Nigeria, marking one of the largest orders in the company's history. The…
Turkey's billet imports declined by over 24pct YoY in January 2026 to 294,400 tons, according to data from the Turkish Statistical Institute (TUIK). The country's billet imports were also down 14pct compared with the…
Leading Chinese steelmaker HBIS Tangsteel, part of HBIS Group, has commissioned a new slab caster supplied by Primetals Technologies at its Laoting plant in Hebei province. The new caster has an annual capacity of 2.4…
Turkish steel producer Ekinciler Demir Celik has selected Danieli to supply a sixth-generation Horizontal Billet Welder (HBW) equipped with K-Welding technology for its rolling mill in Turkey. The new system will enable…