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
Egypt's steel rebar production surged 37pct YoY to 4.15 mln tons in the first half of 2024. This growth was supported by the availability of USD and increased exports, according to official data. Rebar consumption in…
India's Jindal Saw reported strong net profit growth for the quarter ending June 30, 2024. Net profit surged 70.5pct YoY to INR 416.4 crore (USD 49.7 mln), while revenue grew 12.1pct YoY to INR 4,984.8 crore (USD 595…
Yamaha Motor Co., Ltd. will start using low-carbon, recycled steel sheets produced in electric furnaces for motorcycle packaging frames, marking a first in Japan, the company announced in a press release. These steel…
German steel producer, Thyssenkrupp AG is revising its outlook for FY24, ending September 30, 2024, due to ongoing market challenges that are significantly impacting sales. The market is not expected to stabilize in the…
Turkish steel producer Borcelik, a joint venture between ArcelorMittal and Borusan Holding, has chosen Danieli technology for its new cold-mill complex in Gemlik, Bursa, Turkey. The new pickling line coupled with a cold…
Canada has extended the preliminary phase of its antidumping duty investigation into rebar imports from the United Arab Emirates, Bulgaria, and Thailand. Originally expected to conclude by May 3, the investigation now…
SMS group has installed a new twin-stand Steckel mill at Shandong Tisco Xinhai Stainless Co. Ltd. in China. On June 21, the mill successfully rolled five coils in continuous operation, achieving dimensions of 1500 mm…
Thailand's steel industry has faced sluggish sales in the first five months of this year, attributed to reduced construction spending and competition from low-cost Chinese imports, according to Tata Steel (Thailand) Plc…
Steel Dynamics Heartland Division (SDI Heartland) has partnered with ABB Electrification Service to upgrade its aging substation equipment. ABB will design, build, and install new switchgear doors, controls, and…
Chinese steelmaker Baoshan Iron and Steel Company (Baosteel) will more than double its investment in a steel plate joint venture with Saudi partners Aramco and the Public Investment Fund (PIF). Baosteel will invest USD…
India's steel industry is seeking government support for a level playing field amid challenges from cheap imports, according to Sajjan Jindal, chairman and managing director of JSW Steel. At the company's annual general…
Korean steel producer Posco Holdings reported a decline in net profit for Q2 2024, impacted by weak steel demand. The company's net profit for the quarter ending in June was KRW 546 bln (USD 394.5 mln), a 29.6pct…
Caleotto SPA, a Feralpi Group company specializing in wire rod production for value-added special steel, has selected AIC to upgrade its rolling mill. AIC will supply power control and automation cabinets for the new…
Turkish steel manufacturer Kardemir has opened a new round of billet sales, as indicated in its latest price list. The company is offering S235JR grade billets at USD 540 per ton EXW and B420 grade billets at USD 555…
Tosyali Algerie has signed a memorandum of understanding with Algeria's state-owned oil company, Sonatrach, to jointly conduct a feasibility study for producing green hydrogen from renewable energies in Algeria. The…
Jiangsu Yonggang Iron and Steel Group has fully commissioned its new Danieli eight-strand billet and bloom casters in Zhangjiagang, Jiangsu province, China. These casters produce high-quality steels, including…
Korea's Hyundai Steel has filed an anti-dumping petition against Chinese thick steel plate manufacturers, alleging damage from lower-priced Chinese exports, industry sources said. The company recently submitted a…
Swedish steelmaker SSAB reported a 40pct YoY decline in operating profit to SEK 2.96 bln (USD 275 mln) for Q2 2024, according to a press release. The company attributed this drop primarily to lower US heavy plate…
Turkish steel producer Kardemir has launched a new round of rebar sales while keeping prices stable, according to its latest price list. The company is offering rebar in sizes ranging from 12 to 32 mm at TRY 19,550 (USD…
Regional steel trading associations in China are seeking a delay in implementing new quality standards for steel rebar, used in construction, following news of the rules' planned September 25 implementation, according…
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