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
Saudi Arabia's General Authority for Statistics (GASTAT) has reported the price trends for key building materials in Q1 2024. The average price of rebar decreased by 9.83pct to SAR 2,882.43 (USD 767) per ton from SAR…
Iron ore futures fell on Tuesday as market sentiment was dampened by lower production figures and persistently weak steel demand. Daily crude steel output among China Iron and Steel Association (CISA) member mills…
ArcelorMittal has completed its acquisition of a 28.4pct stake in Vallourec, buying 65,243,206 shares from Apollo Global Management Inc. The deal, valued at approximately EUR 955 mln (USD 1.045 bln), was finalized…
Liberty's technology partner has secured financial support for a significant investment at the Dunaujvaros steelworks in Hungary. In principle, China's CISDI Engineering and China's Export and Credit Insurance…
In the first half of 2024, Turkey's crude steel production surged by nearly 17pct YoY, reaching 18.6 mln tons, according to the Turkish Steel Producers' Association (TCUD). June 2024 saw a 3.1pct increase in crude steel…
Saudi Arabia's Arabian Pipes Co. (APC) reported a net profit of SAR 111.83 mln (USD 29.7 mln) in the first half of 2024, a significant increase from SAR 56.94 mln in the same period last year. This profit surge is…
Ternium plans to complete its new 2.6 mln-ton slab steel mill in Pesqueria, Nuevo Leon, Mexico, by mid-2026. This expansion, the largest in the company's history, will boost its capabilities in the USMCA region…
ArcelorMittal has launched a new steel product, HyMatch, designed for constructing hydrogen pipelines to support the development of hydrogen gas infrastructure. This initiative involves research across ArcelorMittal's…
UAE's Emirates Steel Arkan saw a significant drop in profits during the first half of 2024 due to tough conditions in both export and domestic markets. The company's net profit for Q1 2024 fell to AED 174.4 mln (USD…
Tata Steel and Welspun Corp have teamed up to produce hydrogen-compliant grade steel pipes designed for the safe transportation of gaseous hydrogen. Their collaboration has resulted in the successful development and…
Indian state-owned iron ore miner NMDC reported an 11pct YoY decline in production, totaling 2.17 mln tons in July. In the same month last year, the company produced 2.44 mln tons, according to a BSE filing. However…
Turkish steel producer Kardemir has lowered rebar prices in its latest sales round, as per its new price list. The company is now offering rebar in sizes from 12 to 32 mm at TRY 19,500 (USD 588) per ton, down from TRY…
Saudi Steel Pipe Co. (SSP) reported a substantial increase in net profit, reaching SAR 147.9 mln (USD 39.3 mln) in H1 2024, a 58pct rise YoY. This growth was driven by higher sales revenues and volumes, including…
Baoshan Iron & Steel Co. Ltd., a leading Chinese steel producer, has successfully completed the initial rolling of bars using the Kocks Reducing & Sizing Block (RSB) in its new SBQ rolling mill. This investment enhances…
Korean steel producers Posco and Dongkuk Steel have been cautious about joining Hyundai Steel's anti-dumping complaint against low-priced thick steel plates from China, according to industry sources, reported by the…
ArcelorMittal, a global leader in steel and mining, reported a net profit of USD 1.442 bln for the first half of 2024, down from USD 2.956 bln during the same period last year. The decline was primarily attributed to…
Turkish steel manufacturer Kardemir has lowered its wire rod prices in the latest sales update. The company is now offering 5.5 mm SAE 1006 grade wire rod at USD 615 per ton EXW, a decrease of USD 10 per ton from the…
Shagang Group has commissioned new Castrip lines at its Zhangjiagang plant in Jiangsu Province, China, according to equipment supplier, Primetals. Since introducing Castrip technology in 2018, Shagang has invested in…
Tata Steel Ltd reported a consolidated profit of INR 960 crore (USD 114.6 mln) for the quarter ending June 30, 2024, marking a 51pct increase YoY. However, revenue from operations fell by 8pct YoY to INR 54,771 crore…
Thyssenkrupp Rasselstein has awarded SMS group a contract to supply switch-mode power modules for its electrolytic tinning line in Andernach, Germany. The line, originally supplied by SMS group in 2005, will receive 44…
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