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
Rio Tinto has signed definitive agreements with GravitHy, an early-stage industrial company, to support its steel decarbonization project in France. The partnership will see Rio Tinto supply high-grade direct reduction…
Swiss Steel Group announced plans to adjust capacities due to challenging economic conditions and persistently weak demand. The measures include reducing approximately 800 full-time positions across its Swiss and…
Primetals Technologies has upgraded the automation systems at the finishing mill of SAIL Bokaro's hot-strip mill in Bokaro Steel City, Jharkhand, India, completing the project 26 months after starting, one month ahead…
Hyundai Steel, South Korea's second-largest steel producer, plans to indefinitely suspend operations at its second plant in Pohang due to a construction slowdown and fierce price competition from Chinese steel imports…
Vale and Roheisengesellschaft Saar mbH (Rogesa), a joint subsidiary of Dillinger and Saarstahl AG, have signed a multi-year agreement to supply iron ore pellets, a significant step toward decarbonizing steel production…
Carbon capture and storage (CCUS), once hailed as a key solution for reducing greenhouse gas emissions in steelmaking, is facing growing skepticism, according to a report by the Institute for Energy Economics and…
Turkish steel producer Kardemir has reduced wire rod prices by USD 10 per ton as compared to the prices announced on October 23, 2024, according to its latest price list. The company's new price for 5.5 mm SAE 1006…
Fauji Foundation has officially withdrawn its Public Announcement of Intention (PAI) to acquire a controlling stake in Agha Steel Industries Limited, as confirmed by Integrated Equities Limited, the offer manager, in a…
India's finished steel imports surged to a seven-year high of 5.7 mln tons during April-October, according to provisional government data, marking a continuation of the trend from FY24 when India became a net importer…
Transformers and Rectifiers (India) Ltd. (TARIL) has announced a strategic investment in Posco Poggenamp Electrical Steel, acquiring a controlling stake, according to a stock exchange filing. Posco Poggenamp…
Swedish steel producer, SSAB's subsidiary Tibnor will supply SSAB Zero steel made from recycled materials to Salthammer Batbyggeri AS in Norway. This marks the first delivery of SSAB Zero to the shipbuilding industry…
Local and regional steel producers, including Emirates Steel, Union Iron & Steel, Qatar Steel FZE, and Oman's Jindal Shadeed, have recently obtained Emirates Conformity Assessment Scheme (ECAS) certification in line…
Turkey's Tosyali Toyo Celik, a joint venture between Tosyali and Japanese steel firm Toyo Kohan, is investing USD 200 mln to expand production capacity at its Osmaniye plant, according to local media reports. Board…
NMDC Steel reported a widening loss of INR 595.37 crore (USD 70.5 mln) for the September quarter, driven by a surge in expenses. In the same period last year, the company posted a loss of INR 131.10 crore, according to…
Liberty Steel has announced a restructuring plan for its specialty steel business, SSUK, as part of its recovery and growth strategy. The plan aims to significantly reduce SSUK's debt and strengthen its ability to meet…
Severstal has invested RUB 5.5 bln (USD 56 mln) to upgrade the environmental equipment of blast furnace No. 5 (BF-5). The overhaul includes the installation of a modern dust collector to improve the efficiency of blast…
Turkish steel producer Borcelik has chosen international technology group Andritz to supply a combi-line furnace for a new continuous galvanizing and annealing line dedicated to automotive-grade materials. The line…
The Egyptian Ministry of Investment and Foreign Trade has initiated an anti-dumping investigation into imports of cold-rolled and coated steel products from Turkey and China. The investigation was launched in response…
Steel Authority of India Limited (SAIL) reported a 31pct decline in consolidated net profit, totaling INR 897.15 crore (USD 106.2 mln) for the quarter ending September 30, 2024, down from INR 1,305.59 crore in the same…
India's Sandur Manganese & Iron Ores Limited (SMIORE) board has approved the acquisition of an additional 20pct stake in Arjas Steel Private Limited (ASPL), bringing its total equity shareholding to 100pct, the company…
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