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
Kardemir, one of Turkey's major steel producers, has announced updated prices for its steel sections. The company is now offering IPE-NPU sections at USD 680-885 per ton EXW for sizes ranging from 180-600 mm, compared…
Turkey-based Ussuri Capital Partners (UPC), led by Ukrainian CEO and co-founder Roman Kurashev, has announced the launch of its first financing round, aiming to raise EUR 60 mln (USD 67 mln) for the initial phase of a…
The Indian government is exploring the merger of Rashtriya Ispat Nigam Ltd (RINL) with another state-owned steel company, SAIL, as a potential solution to address RINL's financial and operational challenges. RINL…
The Indonesian government aims to finalize a loan restructuring agreement next month between PT Krakatau Steel, the nation's largest steelmaker, and its lenders, as reported by Bloomberg. Discussions have been ongoing…
Wabash, North America's largest producer of semi-trailers and liquid transportation systems, has announced a 10-year strategic agreement with Steel Dynamics, Inc., a leading steel producer and metal recycler. This…
Saudi Iron and Steel Company (Hadeed) will reduce its long steel prices for October deliveries due to sluggish demand, according to market insiders. The company plans to lower the price of rebar (12-32 mm) by SAR 70…
Turkish steel producer Kardemir has launched a new round of billet sales, according to its latest price list. The company maintained the price of S235JR grade billets at USD 530 per ton EXW, while raising the price of…
South Korean steel producer Posco has selected Primetals Technologies to supply a new tilting drive for LD converter (BOF) No. 3-2 at its Pohang plant, which began operation in June 2024. Primetals handled engineering…
Voestalpine, an international steel and technology group, has successfully issued its first green corporate bond, raising EUR 500 mln (USD 558 mln). The five-year bond carries a 3.75pct coupon and attracted strong…
Turkish steelmaker Kardemir has announced its sales allocation plan for October to December 2024. The company has reduced allocations for billets, wire rods, and profiles compared to the previous quarter, while keeping…
Metso has signed a contract with Beijing Shougang International Engineering Technology Co. Ltd (BSIET) to deliver a traveling grate pelletizing plant for Ruifeng Iron and Steel Group Co., Ltd. in Tangshan, Hebei…
SSAB and Framery have announced a strategic collaboration to integrate fossil-free steel into the production of office pods, marking a significant step in workspace sustainability. Framery has made strides in…
Energiekontor AG, a leading German project developer of wind and solar parks, and Salzgitter Flachstahl GmbH have signed long-term power supply contracts for two solar park projects in Mecklenburg-Western Pomerania…
Crude steel production in the Middle East rose by 3pct YoY to 35.5 mln tons during the first eight months of 2024, according to the World Steel Association. However, in August 2024, the region saw a 3.2pct YoY decline…
UAE's leading steel producer, EMSTEEL (formerly Emirates Steel Arkan), has expressed interest in acquiring the mills of Spanish steelmaker Celsa located in Poland, the UK, and Norway, which have a combined value of…
Nippon Steel has announced its decision to sell shares in Posco Holdings to enhance asset efficiency through asset compression, according to a press release. The Japanese steel firm currently holds 2.89 mln shares…
Primetals Technologies has secured a five-year cost-per-ton maintenance contract with Outokumpu Stainless USA, a leading stainless steel manufacturer. Under this agreement, Primetals will oversee the repair and…
SSAB has partnered with Trelleborg Sealing Solutions Kalmar AB to supply fossil-free steel for anti-squeal brake shims, essential for reducing noise in vehicles, particularly electric cars. Trelleborg, a supplier of…
UAE's EMSTEEL, formerly known as Emirates Steel Arkan, has maintained its rebar prices for October production. The company's rebar prices remain unchanged at AED 2,447.25 (USD 666) per ton CPT Abu Dhabi and AED 2,456.25…
China's steel crisis is driving a wave of bankruptcies and accelerating industry consolidation, according to a Bloomberg Intelligence (BI) report. Nearly three-quarters of Chinese steelmakers reported losses in the…
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