Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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3,178 news items in Steel Mills. Show all
Egypt's Ezz Steel announced that a transformer at Meltshop No. 2 of its subsidiary, Ezz Flat Steel Company in Suez, has suffered a significant malfunction, according to the company's stock exchange filing. The…
Swedish steel producer, SSAB has chosen SMS group to construct a 190-ton electric arc furnace (EAF) in Oxelosund, which is set to be one of the largest installations in the world with an upper shell diameter of 9.3…
ArcelorMittal successfully bid to place Liberty Steel East Europe (Holdco) Ltd, a subsidiary of Sanjeev Gupta's GFG Alliance, into administration due to a USD 147.4 mln debt deemed unlikely to be repaid, according to…
Saudi Iron and Steel Company (Hadeed) has revealed its updated long steel prices for December deliveries. The price of rebar (12-32 mm) will rise by SAR 50 (USD 13) per ton, bringing it to SAR 2,400 (USD 639) per ton…
Germany's largest steelmaker, Thyssenkrupp, has announced plans to cut jobs and reduce production capacities as it grapples with overcapacity, rising cheap imports from Asia, and competitive pressures. Under its…
ArcelorMittal, a major steel producer, has announced a pause on its steel decarbonization investments in Europe, citing unfavorable policy, energy, and market conditions. The company had planned to replace several blast…
SSAB has signed an agreement with Amazon Web Services (AWS) to provide fossil-free steel for AWS's new data centers in Sweden. The collaboration includes pilot deliveries of HYBRIT technology-based steel, a…
Emirates Steel, part of the EMSTEEL group, has raised rebar prices for December production by AED 50 (USD 14) per ton. The updated prices are AED 2,610 (USD 711) per ton delivered to Abu Dhabi and AED 2,618 (USD 713)…
Ajeej Steel Manufacturing Co., a subsidiary of National Building and Marketing Co., has renewed a Shariah-compliant credit facility agreement with Al Rajhi Bank valued at SAR 127 mln (USD 33.8 mln), the company…
Iron ore futures rose on Monday, buoyed by restocking activities as steel mills prepared for potential winter disruptions and the upcoming February holiday. This proactive inventory replenishment provided some support…
Bengang Steel Plates Co., Ltd. (Benxi), a leading Chinese steel producer, has successfully rolled its first bar using the new Kocks RSB (Reducing & Sizing Block) 370++/4. The state-of-the-art RSB is now fully…
SAIL has awarded Danieli a contract for the design and construction of a state-of-the-art bar mill and a new reheating furnace on a turnkey basis. Located in Durgapur, India, the new bar mill will incorporate advanced…
Peabody has agreed to acquire steelmaking coal assets from Anglo American plc, accelerating its strategy to shift its global coal portfolio toward seaborne metallurgical coal. The transaction, valued at USD 2.32 bln in…
Crude steel production in the Middle East increased by 1.3pct YoY, reaching 44.1 mln tons during the first ten months of 2024, according to the World Steel Association. In October 2024, the region saw a 5.4pct YoY…
The steel industry in Pakistan is facing an unprecedented crisis, with many mills shuttered and the remaining ones operating at just 20-30pct capacity due to soaring production costs and collapsing demand. Industry…
Vesuvius, a global leader in the refractory industry, has inaugurated new alumina-silica (AlSi) and basic monolithic manufacturing plants in Visakhapatnam, according to a company filing with the stock exchange. These…
Acerinox, a multi-national high-performance alloy and stainless steel manufacturing group based in Madrid, Spain, has finalized the acquisition of Haynes International through its U.S. subsidiary, North American…
Saint-Gobain and SSAB are collaborating on a groundbreaking circular economy project in Raahe, Finland, to recycle steelmaking slag into low-carbon binders for construction. The joint effort, under development for five…
Access to finance remains an issue for the steel industry's net zero carbon target, so some delays could be seen in reaching targets globally, Ugur Dalbeler, vice president of the Turkish Steel Exporters' Union (CIB)…
Iron ore futures edged higher on Thursday, supported by restocking demand despite lingering uncertainty about demand. Steel mills have started replenishing inventories ahead of potential winter disruptions and the…
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