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
Welspun Corp, an Indian pipe producer, has secured major orders in the US worth INR 3,000 crore (USD 345.5 mln) for natural gas pipeline projects, according to a stock exchange filing. The company has received orders…
South Korean special steel producer Seah Besteel is intensifying its global market expansion by developing specialized steel wire rod materials for the energy sector. The company recently announced the successful…
Olympic Steel, Inc. has placed an order with international technology group Andritz for a state-of-the-art cut-to-length line at its facility in Minneapolis, Minnesota. This new line will enhance Olympic Steel's…
Turkey's leading steel producer, Erdemir Group, reported a net profit of TRY 14.19 bln (USD 391.6 mln) in 2024, more than tripling from TRY 4.32 bln in 2023. Sales revenue also saw strong growth, rising to TRY 204 bln…
EMSTEEL, one of the GCC's largest publicly traded steel and building materials manufacturers, has announced a decarbonization strategy targeting a 40 pct reduction in greenhouse gas emissions in its Steel Business Unit…
Taiwan's China Steel Corp (CSC) has decided to maintain domestic prices for most steel products in March, citing the need to hedge against risks following the new US tariffs. As a result, prices for commercial-grade HR…
Shinkasai Steel has successfully begun operating a digital Electric Arc Furnace (EAF) in Osaka, following the installation of the Q-One power feeder, according to a press release from Italian equipment provider Danieli…
Baku Steel Company and Jindal Steel International have submitted their bids for Acciaierie d'Italia (ADI), formerly known as Ilva, according to the Italian government. In the latest phase, two additional bids were…
BlueScope's net profit for the six months ending December 31, 2024, saw a sharp decline, according to its financial results. The company reported a net profit after tax of AUD 179.1 mln (USD 113.7 mln) for H1 FY25, down…
Turkish steel producer Kardemir has raised its billet prices, according to its latest price list. The price for S235JR grade billets has been set at USD 490 per ton EXW, reflecting a USD 10 per ton increase from the…
Jordan's Arabian Steel Pipes Manufacturing reported a 22.6pct YoY increase in profit for 2024, according to its annual financial statement. The company recorded a profit of JOD 1.53 mln (USD 2.16 mln), up from JOD 1.25…
Dalian iron ore futures continued to decline on Friday as weak steel demand and escalating trade tensions weighed on market sentiment. Steel consumption in China remained sluggish after the Lunar New Year holidays…
India's finished steel imports reached a record high in the first 10 months of the financial year that began in April, according to provisional government data reported by Reuters. Steel imports totaled 8.3 mln tons…
Primetals Technologies has received the final acceptance certificate (FAC) from ASONEXT for the upgrade of its 40-ton argon-oxygen decarburization (AOD) converter at the Italian stainless steel producer's Brescia…
The Public Investment Fund (PIF) has acquired a 30pct stake in Masdar for Building Materials Company (Masdar) by subscribing to newly issued shares through a capital increase. PIF's investment will help Masdar enhance…
SMS group has signed a major contract with Qinghai Xigang New Materials Co., Ltd., a subsidiary of Xining Special Steel, to upgrade and maintain its PSM380 (Precision Sizing Mill) used for rolling special steel bars…
Outokumpu has completed a feasibility study on using small modular reactor (SMR) technology to enhance low-carbon energy availability near its largest stainless steel plant in Tornio, Finland. The study confirmed the…
UAE-based EMSTEEL, one of the region's largest publicly traded steel and building materials manufacturers, has announced its preliminary (unaudited) financial results for 2024. The company reported revenues of AED 8.3…
Saudi Arabia's East Pipes Integrated Company for Industry has signed multiple contracts to establish a new production line for Helical Submerged Arc Welded (HSAW) pipes at its factory in Dammam 2nd Industrial City, the…
SMS group has supplied a high-capacity hot strip mill (HSM) to Jindal Steel's Angul site in Odisha, India. Designed for an annual capacity of five mln tons, the 1,780 mm mill features advanced rolling technologies for…
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