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
Outokumpu, a global leader in sustainable stainless steel, began its foray into the metal powder market for additive manufacturing nearly a year ago. In April 2023, the company launched a pilot project to produce metal…
Makstil AD has selected Danieli technologies to overhaul the reheating furnace at its plate mill in Skopje, North Macedonia. This upgrade will involve a complete redesign of the reheating process, utilizing Danieli's…
Iron ore futures declined on Monday as persistent weak fundamentals continued to weigh on market sentiment. The majority of Chinese steel mills are cutting production to mitigate losses due to weak downstream steel…
India's JSW Steel Limited's Board of Directors has approved the acquisition of up to 66.67pct economic interest in M Res NSW HCC Pty Ltd for USD 120 mln through its wholly owned subsidiary, JSW Steel (Netherlands) B.V…
Vietnam's finished steel production is expected to reach 30 mln tons this year, a 7pct increase from last year, according to the Ministry of Industry and Trade (MoIT). However, the sector faces challenges, including…
The Federation of Thai Industries (FTI) has warned that the Thai steel industry may face dominance by Chinese companies establishing factories in the country, according to local media reports. FTI Chairman Kriengkrai…
The United Kingdom's regulator, Trade Remedies Authority (TRA) has proposed revising the tariff rate quota (TRQ) for category 1 steel, non-alloy and alloy hot rolled sheets and strips, due to recent changes affecting…
Saudi Steel Pipe Co. (SSP) has been awarded a SAR 138 million (USD 36.7 million) contract to supply oil and gas steel pipes to Saudi Aramco, according to a stock exchange filing. The contract is set to last for 12…
Technomak, a turnkey EPC company specializing in oil and gas, FPSO, and renewable energy sectors, has unveiled a major expansion plan in the Hamriyah Free Zone (HFZA), Sharjah. To meet rising global demand, Technomak…
State-owned Steel Authority of India Limited (SAIL) reported a significant 60pct decline in consolidated net profit, totaling INR 81.78 crore (USD 9.7 million) for the quarter ending June 30, 2024. The company's total…
JSW Steel reported a 9pct YoY increase in consolidated crude steel production for July 2024, reaching 2.215 million tons, according to a stock exchange filing. In India, production rose by 13pct to 2.14 million tons, up…
Salzgitter Group and RWE Supply & Trading have secured a long-term green electricity supply agreement for up to 64 gigawatt-hours annually. This seven-year contract will commence in 2027. The green electricity will be…
Jindal Steel & Power Limited (JSPL) has strategically diversified its coking coal sources to manage geographical risks and reduce cost pressures, the company announced. This move supports India's goal of reaching 300…
The South Korean steel industry is grappling with significant challenges, including a domestic construction slowdown, aggressive Chinese exports, and declining supply prices, according to local media reports. In Q2…
Swiss multinational commodity trading and mining company, Glencore has abandoned plans to separate its coal division, a move announced after acquiring a 77pct stake in Elk Valley Resources (EVR). The decision came after…
India's Shyam Metalics and Energy reported substantial gains in stainless steel sales, which surged 219pct YoY to 5,699 tons in July 2024, up from 1,786 tons in July 2023. Carbon steel sales, including billets and long…
Dongkuk Coated Metal Co. (Dongkuk CM), a subsidiary of South Korea's Dongkuk Holdings Co., has agreed to acquire Aju Steel Co., a color-coated steel specialist, in a USD 93.4 mln deal. This acquisition will position…
Tata Steel Nederland has selected Primetals Technologies to provide a pellet pot testing facility for its pilot plant in IJmuiden, the Netherlands. Primetals will design, supply, and implement the equipment, including a…
Turkish steel manufacturer Kardemir has reduced billet prices, according to its latest price list. The company is offering S235JR grade billets at USD 535 per ton EXW and B420 grade billets at USD 550 per ton EXW, down…
Turkish steelmaker Habas is set to expand its presence in the pipe sector through a new acquisition. The company aims to acquire Ilhanlar Haddecilik, a subsidiary of the Ilhanlar Group, located in the Osmaniye Organized…
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