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
The British government has welcomed Heathrow Airport's multibillion-pound expansion program, which is set to drive significant demand for UK-made steel and help secure thousands of steel jobs nationwide. Heathrow's…
Austrian steelmaker Voestalpine reported a sharp decline in net profit for the first three quarters of FY25, ending December 31, 2024. Profit after tax dropped to EUR 207 mln (USD 214 mln), down from EUR 415 mln in 9M…
Qatar Steel and Bahrain Steel have signed a USD 1.266 bln agreement to supply five mln tons of steelmaking raw materials over five years, Qatar's Ministry of Commerce and Industry announced. The partnership ensures a…
Saudi Steel Pipe Company (SSP) announced that its subsidiary, Global Pipe Company (GPC), has secured a contract worth approximately SAR 910 mln (USD 242.5 mln) to supply LSAW pipes for Saudi Aramco's Accelerated Carbon…
Tata Steel UK has selected multinational construction and development company, Skanska to provide design and project management services for its new electric arc furnace (EAF) project in South Wales. Under the…
The global long steel products market faces significant pressure due to rising Chinese exports, which show no signs of slowing. The latest outlook from the International Rebar Producers and Exporters Association…
Saudi Arabia's Al Yamamah Steel Industries Co. reported a sharp decline in net profit for Q1 FY25, which ended on December 31, 2024, according to its interim financial results. Net profit plunged 84.4pct year-on-year to…
Tenaris's Abu Dhabi facility has been certified as an Industry 4.0 Digital Leader by the UAE's Ministry of Industry and Advanced Technology (MoIAT). The certification highlights the company's commitment to advanced…
Tubacex has secured a EUR 40 mln (USD 41.2 mln) contract from Brazil's Petrobras to supply premium materials for gas extraction operations. This deal strengthens Tubacex's role as a key supplier of corrosion-resistant…
Future Forgeworks, a Brisbane-based steel manufacturer, has commissioned SMS group to supply Australia's first Continuous Mill Technology (CMT 350) mill for its Swanbank Green Steel Mill Project. The facility will…
Metalloinvest's OEMK plant has completed a major overhaul of its automated high-bay stacker, enhancing positioning accuracy and boosting productivity. The upgrade, costing approximately RUB 80 mln (USD 0.82 mln)…
Chinese steelmaker Yukun Iron and Steel Group has successfully produced 145-mm-thick slabs at its new Danieli QSP-DUE plant in Yuxi, Yunnan province, setting a record for direct casting and rolling facilities. This…
Malaysia has launched an anti-dumping investigation into galvanized steel imports from China, South Korea, and Vietnam. The probe follows a petition filed on January 7 by CSC Steel Sdn Bhd with the Ministry of…
ArcelorMittal has announced plans to build an advanced non-grain-oriented electrical steel (NOES) manufacturing facility in Alabama. The plant, fully owned by ArcelorMittal, will have an annual production capacity of up…
Turkey's crude steel production rose 9.4pct in 2024 to 36.9 mln tons, according to the Turkish Steel Producers' Association (TCUD), maintaining its position as the world's 8th largest producer. However, output in…
Nippon Steel, Japan's largest steelmaker, reported an 18pct decline in net profit for the April-December period, citing weak domestic and global steel demand. Net profit fell to JPY 362 bln (USD 2.36 bln) from JPY 440.9…
ArcelorMittal, the world's largest integrated steel and mining company, reported a net income of USD 1.339 bln in 2024, up from USD 919 mln in 2023. The increase in profit comes despite a challenging 2023, where…
RHI Magnesita has completed its acquisition of US-based Resco Group from Balmoral Funds LLC and management for USD 410 mln, marking the company's largest investment since its 2017 merger. Resco's refractory products…
Turkish steelmaker Kardemir has raised its rebar and wire rod prices, reflecting the recent uptrend in scrap prices. The company now offers 12-32 mm rebar at TRY 20,415 (USD 567) per ton EXW, up from TRY 19,460 (USD…
Fujian Kebao Metal Products Co., Ltd., a subsidiary of Fujian Sanbao Group, has awarded SMS contracts for two tinplate continuous annealing lines (TIN CALs). This move supports Sanbao Group's expansion into the…
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