Saudi Arabia will begin shipbuilding operations this year, Suliman Almazroua, CEO of the National Industrial Development and Logistics Program (NIDLP), said. This initiative, centered in Ras Al-Khair in eastern Saudi…
Japan's Marubeni-Itochu Steel Inc. has agreed to acquire shares in Network Steel Resources, S.A. (NSR), Spain's largest independent steel group, making it an equity-method affiliate. Founded in 2002, NSR specializes in…
Adnoc Logistics and Services plc (ADNOC L&S) announced that its joint venture with Wanhua Chemical Group, AW Shipping, has awarded shipbuilding contracts worth approximately USD 1.9 bln to Jiangnan Shipyard in China…
JFE Steel Corporation and Tomakomai Kuribayashi Transportation Co., Ltd. announced that the shipping company has selected JFE Steel's "JGreeX" green steel products for 250 tons of major steel components in the…
Qatar Steel, the leading steel-making company in Qatar, has signed a 5-year agreement with Qatar Navigation Q.P.S.C. (Milaha), the industry-leading provider of maritime and logistics solutions, to provide stevedore…
Pakistan's Large-Scale Manufacturing (LSM) sector witnessed a 7.33pct YoY growth in May, marking its sixth consecutive monthly increase, according to the Pakistan Bureau of Statistics. The LSM sector also grew by…
Nippon Steel Corporation and Sumitomo Corporation have extended their long-term contract with Norwegian energy company Aker BP ASA for OCTG supply until 2034. Aker BP, established in 2016, is Europe's largest…
Emirates Steel, part of Emirates Steel Arkan Group, one of the largest publicly traded steel and building materials manufacturers in the region, has announced a partnership with Eversendai, a global leader in steel…
Saudi Arabia's steel fabrication firm, Al Nafie Metal Industries (NMI) aims to become the Middle East's top steel fabrication company, according to General Manager Majed Suleiman Al Nafie in an interview with Gulf…
China's Envision Energy has launched a strategic joint venture (JV) with Saudi Arabia's Public Investment Fund (PIF) and Vision Industries. This partnership aims to accelerate wind power growth across the Middle East…
JFE Steel Corporation announced that its JGreeX green-steel wire rod will be used for the wire handles of "LOOPOX" containers, designed for storing and transporting recycled resources. This marks the first use of JGreeX…
Hyundai Steel is expanding its international sales in Europe and America for carbon-reduced steel to align with the global push for carbon neutrality and the EU's Carbon Border Adjustment Mechanism. Recently, Hyundai…
Vallourec, a global leader in premium tubular solutions, announced it has been awarded a contract by TotalEnergies to supply nearly 5,000 tons of OCTG solutions and services for the Kaminho deepwater project on Block…
Corinth Pipeworks has secured a significant contract from Woodside Energy, the operator of Mexico's Trion deepwater field, to produce and deliver approximately 118 kilometers of High Frequency Welded (HFW) steel pipes…
Chinese electric vehicle (EV) giant BYD, the world's second-largest EV maker after Tesla, has signed a nearly USD 1 bln investment agreement with Turkey's Industry and Technology Ministry to open a plant in the country…
Italian steel manufacturer, Acciaieria Arvedi and Gestamp, the Spanish multinational specializing in the design, development, and manufacture of metal components for the automotive industry, have signed an agreement to…
Fortescue and Liebherr Mining have announced a partnership to jointly develop and validate a fully integrated Autonomous Haulage Solution (AHS), aiming to be the first to operate zero-emissions vehicles globally. Zero…
The first shipment in a major rail contract is set to leave British Steel for Turkey this week. The company is supplying tens of thousands of tons of track for the project, which connects Mersin with the cities of…
Turkey's prefabricated building manufacturer, Karmod, has completed a steel house project in Mannheim, Germany, adhering to the country's construction regulations, according to a statement from the company. The project…
Nippon Steel Corporation and Sumitomo Corporation have renewed a long-term contract with Equinor ASA for the supply of OCTG (Oil Country Tubular Goods) for up to 9 years, to be used in Norway and internationally. For…