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
Turkey's leading steel producer, Erdemir Group reported a net profit of TRY 10.389 bln (USD 308 mln) for H1 2024, reversing a loss of TRY 3.99 bln in the same period last year. The company's sales revenue surged by…
Misr National Steel (Ataqa) reported net profits of EGP 535.45 mln (USD 10.9 mln) for the first half of 2024, up from EGP 410.74 mln in H1 2023. Net sales reached EGP 2.77 bln (USD 56.6 mln) as of June 30, 2024…
The demand for colour-coated steel products is set to grow by 8-10pct each year on an average driven by demand from the construction segment and manufacturers of appliances and white goods, Ranjan Dhar, the director for…
Voestalpine is expanding its production capacity in Indiana, USA, with a USD 78 mln investment to meet the demands of new long-term contracts with two global truck manufacturers for the North American market. The…
The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed a contract with Welspun Middle East Pipes to allocate 493,000 square meters of industrial land in Dammam's Third Industrial City for the…
The Indian Ministry of Commerce and Industry has initiated an anti-dumping investigation into HR flat steel imports from Vietnam, according to a gazette notification. The investigation follows an application by the…
Jindal Stainless, India's largest stainless steel manufacturer, has commissioned its nickel pig iron smelter facility in Halmahera Islands, Indonesia, eight months ahead of schedule, according to a stock exchange…
Taiwan's China Steel Corp (CSC) will reduce domestic steel prices in September, marking its first across-the-board cut since August last year. The reduction follows a surge in low-priced Chinese steel exports, which has…
Saudi Iron and Steel Company (Hadeed) will lower its wire rod prices by SAR 100 (USD 27) per ton for September deliveries. The new price for wire rod (6.5-16 mm) will be SAR 2,435 (USD 648) per ton. Hadeed recently…
Tosyali's subsidiary in Angola, Tosyali Iron & Steel Angola SA (TISA), is set to establish a new integrated steel facility in collaboration with Angola's state oil company, Sonangol. The facility will be located at the…
Primetals Technologies has received the final acceptance certificate (FAC) from Yantai Walsin Stainless Steel for a new stainless steel combination mill in Yantai, Shandong Province, China. This mill, which can produce…
Malaysia's Ministry of Investment, Trade & Industry has initiated an antidumping investigation into tinplate imports from China, India, Japan, and South Korea. The investigation follows a complaint from Perusahaan Sadur…
Japan's Mitsui & Co., Ltd. will establish a new electrical steel sheet processing facility in Skarbimierz, Poland, the company announced. The new entity, named Polska-Mit Steel sp. z o.o., will begin operations in April…
Man Industries (India) has announced plans to establish a new plant in Dammam, Saudi Arabia, with an estimated project cost of over USD 71 mln, according to a stock exchange filing. The new facility will feature line…
Saudi Arabia's Al Yamamah Steel Industries Co. has reported a significant turnaround in its financial performance, moving from a SAR 107.16 mln loss in the first nine months of FY24, which ended June 30, 2024, to a…
Iron ore and steel futures fell sharply on Wednesday, driven by disappointing credit data that heightened concerns about demand. China's bank lending dropped to its lowest level in nearly 15 years, affected by weak…
China's steel industry is facing a crisis more severe than the downturns of 2008 and 2015, according to Hu Wangming, Chairman of China Baowu Steel Group, as reported by Bloomberg. Hu characterized the current conditions…
Achv Aceros has awarded Danieli Centro Tubes a contract to supply two advanced ERW tube mills for its new facility in Monterrey, Mexico. These mills will manufacture welded structural tubes with yield strengths up to…
Ruukki Construction, a subsidiary of SSAB, has partnered with Logicenters, Nrep's logistics division, to provide solutions for a new logistics center in Tampere, Finland. The facility will utilize Ruukki LowCarbon…
Saudi Iron and Steel Company (Hadeed) has reduced its rebar prices, citing weak sales as the reason. The price for rebar (12-32 mm) has been cut by SAR 40 (USD 11) per ton to SAR 2,370 (USD 631) per ton. However, wire…
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