Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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3,171 news items in Steel Mills. Show all
Saudi Arabia's Watani Iron Steel Co. (Watani Steel) reported a substantial increase in net profit for 2024, reaching SAR 9.86 mln (USD 2.62 mln), more than doubling from SAR 4.24 mln in the previous year. Revenue also…
The Libyan Iron and Steel Company (LISCO) announced two export shipments to Turkey and Morocco. The vessel Gemini Capo is currently being loaded with 10,000 tons of Hot Briquetted Iron (HBI) bound for Turkey, while the…
Iraq plans to open its first steel-focused industrial zone this year in Basra as part of a broader effort to attract investment in steel, petrochemicals, and other sectors, according to the official Al-Sabah daily. The…
Iron ore futures fell on Thursday as a deteriorating outlook for Chinese steel exports fueled demand concerns. Key markets for Chinese steel, including Vietnam and South Korea, recently announced anti-dumping measures…
Dongkuk CM, a subsidiary of Dongkuk Steel Group, plans to file an anti-dumping complaint against Chinese-origin color-coated and galvanized steel imports used in the construction sector. The move, in collaboration with…
Vinton Steel LLC, the U.S. subsidiary of Kyoei Steel, has awarded Tenova a contract to supply a new melt shop at its El Paso, Texas, facility. Tenova, a leader in sustainable solutions for the metals industry, will…
Outokumpu, a global leader in sustainable stainless steel, has signed an off-take agreement with Canadian mining company Greenland Resources Inc. for the future supply of a key raw material at competitive prices. The…
Saudi Iron and Steel Company (Hadeed) has lowered its long steel prices by SAR 50 (USD 13) per ton for March deliveries. The new pricing sets rebar (12-32 mm) at SAR 2,350 (USD 626) per ton, while wire rod (6.5-16 mm)…
EMSTEEL, one of the region's largest publicly traded steel and building materials manufacturers, has launched its Asset Enhancement Programme, a strategic initiative with a capital expenditure of approximately USD 170…
The Centre for Research on Energy and Clean Air's biannual review of China's steel sector in 2024 highlights the gap between current industry trends and the country's climate targets. Despite declining domestic demand…
India's Welspun Corp has established a wholly-owned subsidiary, Welspun Europe S.A., in Spain to strengthen its export presence across all business verticals, according to the company's exchange filing. Welspun…
British Steel has developed a new rail profile in collaboration with Infrabel, Belgium's railway infrastructure operator, the company announced in a press release. Engineers at British Steel's Scunthorpe Rail and…
The UK's Trade Remedies Authority (TRA) has proposed extending anti-dumping and countervailing measures on organic coated steel imports from China until May 2029. In its preliminary findings, the regulator determined…
Al Jazeera Steel Products Co. reported a 93pct surge in net profit for 2024, reaching OMR 7 mln (USD 18.3 mln), up from OMR 4 mln in 2023, according to its latest financial statement. Revenue rose 3pct YoY to OMR 146.68…
Libya aims to establish itself as a direct reduced iron (DRI) supplier in the Mediterranean and beyond with plans for a new DRI complex in the Benghazi region, featuring Midrex Flex technology. Tosyali Sulb Steel…
Gunung Raja Paksi Tbk (GRP), Indonesia's largest privately owned steelmaker, has signed a landmark deal with Primetals Technologies, becoming Asia's first steel plant outside China capable of producing zero-carbon HRC…
Canada Metal Processing Group (MPG Canada) and its subsidiaries, Ivaco Rolling Mills, Sivaco, and Infasco, have announced cost-cutting measures to address market challenges and potential U.S. tariffs on steel. Amid…
British Steel will supply 768 tons of top hat shaft guides to a diamond mine in Botswana from its Special Profiles plant in Skinningrove. The Karowe mine, owned by Canada's Lucara Diamond Corp., is among the leading…
Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for March production will remain unchanged. The company's price for rebar deliveries to Abu Dhabi is set at AED 2,660 (USD 724) per ton…
Turkish steel producer Tosyali Holding is reportedly interested in acquiring Liberty Dudelange, a Luxembourg-based steel producer, according to media reports. Several buyers initially expressed interest in the…
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