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
Ovako is investing over EUR 6 mln (USD 6.24 mln) to modernize its main bright bar facility in Hallefors, strengthening its position in the steel industry. The modernization scheduled for completion between 2024 and 2026…
Pakistan's International Steels Limited (ISL) reported a sharp decline in profit for the first half of FY25, which ended on December 31, 2024, according to its interim financial statement. The company posted a post-tax…
Vale's iron ore pellet production in Oman declined by 0.9pct YoY in 2024, with output totaling 9.195 mln tons, down from 9.283 mln tons in 2023. In the fourth quarter of 2024, the company produced 2.68 mln tons of iron…
Egypt's Ezz Steel has received shareholder approval to voluntarily delist from the Egyptian Exchange (EGX), according to a stock exchange filing. The company will buy shares from dissenting or unwilling shareholders…
Jindal Stainless reported a 5.3pct YoY decline in consolidated net profit for the October-December quarter (Q3FY25), with profit falling to INR 654 crore (USD 75.5 mln) from INR 691 crore in the same period last year…
Austria's Voestalpine Tubulars has successfully commissioned a new profile rolling mill, designed and engineered by Friedrich Kocks GmbH & CO KG. The new equipment is now fully integrated into the hot tube rolling mill…
The Magnitogorsk Iron and Steel Works (MMK) has expanded its use of radio frequency identification (RFID) technology to track the movement of transport and equipment. The system now covers the railway section between…
Saudi Iron and Steel Company (Hadeed) has released its long steel prices for February deliveries. The price of rebar (12-32 mm) remains unchanged at SAR 2,400 (USD 639) per ton, while wire rod (6.5-16 mm) has been…
US-based Gordon Brothers has been named the exclusive selling agent for a never-utilized flat and long steel production plant in Dammam, Saudi Arabia. The plant, owned by one of GCC's leading steel manufacturers…
Jindal Shadeed Iron and Steel (JSIS) hosted an exclusive event at its Liwa facility in North Al Batinah to promote steel slag as a sustainable solution for commercial construction. Aligned with Oman Vision 2040's focus…
India's Union Minister H.D. Kumaraswamy unveiled an INR 20,000-crore (USD 2.3 bln) expansion plan for SAIL's Bokaro Steel Plant (BSL), aiming to boost its capacity to 7.55 mln tons per annum. Established in 1965, the…
Thyssenkrupp Steel has made significant progress in its ongoing investments, with the new annealing and isolating line now in operation and the modernization of its Bochum facility nearly complete, the company…
In 2024, Pakistan experienced a modest recovery in annual scrap imports, though volumes remained relatively low, according to data from the Pakistan Bureau of Statistics. The country imported 2.66 mln tons of scrap…
SEE Holding, the parent company of The Sustainable City brand, has signed a Memorandum of Understanding (MoU) with Arabian Gulf Steel Industries (AGSI) to advance sustainable construction practices in the region. The…
Tata Steel posted a 43.41pct YoY decline in consolidated net profit after tax, falling to INR 295 crore (USD 34.1 mln) in Q3 FY25, ending December 31, 2024, compared to INR 522 crore in the same period last year…
China's Ansteel Group has signed a Memorandum of Understanding (MoU) with German equipment supplier SMS Group, reaffirming their commitment to advancing "dual-carbon" initiatives focused on achieving carbon peak and…
Crude steel production in the Middle East rose slightly by 0.5pct YoY to 54.1 mln tons, but December output dropped by 4.5pct YoY to 4.6 mln tons, primarily due to lower Iranian production, according to the World Steel…
Turkish steelmaker Koc Metalurji has taken a significant step in expanding its production capacity by signing a USD 4.84 mln contract, including VAT, with Turkey-based BVS Bulbuloglu Vinc Sanayi ve Ticaret A.S. The…
JSW Steel Limited, India's leading steel producer, announced its financial results for Q3 FY25, ending December 31, 2024. The company reported a consolidated net profit of INR 719 crore (USD 83.4 mln), marking a steep…
Tata Steel is set to decommission the Coke Oven Battery #7 at its Jamshedpur Works on January 27, 2025, after an impressive 36 years of service. Commissioned in 1989, this was India's first stamp-charge coke oven…
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