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
Indian steel manufacturer Jindal Steel & Power reported a 21pct decline in net profit for Q1 FY25, ending June 30, 2024, with a profit of INR 1,337.92 crore (USD 159.8 mln), down from INR 1,691.8 crore in the same…
The Alabama Department of Environmental Management (ADEM) has awarded SSAB Alabama Inc. a USD 361,100 grant for a study on using scrap tire-derived crumb rubber in the electric arc furnace (EAF) steelmaking process. The…
Japan's Marubeni-Itochu Steel Inc. has agreed to acquire shares in Network Steel Resources, S.A. (NSR), Spain's largest independent steel group, making it an equity-method affiliate. Founded in 2002, NSR specializes in…
Crude steel production in the Middle East increased by 5.8pct YoY to 28.5 mln tons in the first half of 2024, according to data from the World Steel Association. However, the region experienced a 2.7pct YoY decline in…
Nippon Steel has agreed to transfer its entire stake in the joint venture Baosteel-Nippon Steel Automotive Steel Sheets Co., Ltd. (BNA) to Baosteel at the end of the current management period, pending regulatory…
JFE Steel Corporation and Tomakomai Kuribayashi Transportation Co., Ltd. announced that the shipping company has selected JFE Steel's "JGreeX" green steel products for 250 tons of major steel components in the…
Fives and Poland's Cognor have commissioned a new reheating furnace at the Cognor Ferrostal Labedy plant in Krakow to boost production capacity. The first hot billet was successfully discharged on the first attempt…
MMK Metalurji, a Turkish steel producer, reported substantial growth in steel output in the first half of 2024, according to its operational results. The company's crude steel production surged to 274,000 tons, compared…
China's Ministry of Commerce announced that it will conduct a one-year sunset review investigation of the anti-dumping measures on imports of stainless steel billet and hot-rolled stainless steel from the EU, the UK…
Vietnam's Ministry of Industry and Trade has launched an anti-dumping investigation into HRC imports from China and India following complaints from the domestic industry, according to local media reports. In June 2024…
Ovako has announced a EUR 9 mln (USD 9.8 mln) investment in its Smedjebacken steel mill to further enhance innovation and efficiency. This new funding follows previous upgrades, including an exhaust gas filter…
Cogne Acciai Speciali has contracted Danieli Service for a modernization project at its Aosta, Italy, facility. The project will focus on revamping the cooling chamber of the continuous casting machine for special steel…
Pakistan's Large-Scale Manufacturing (LSM) sector witnessed a 7.33pct YoY growth in May, marking its sixth consecutive monthly increase, according to the Pakistan Bureau of Statistics. The LSM sector also grew by…
JSW Steel Limited, a major Indian steel producer, has reported its financial results for the first quarter of fiscal year 2025, which ended on June 30, 2024. In Q1 FY25, the company's consolidated profit fell by nearly…
The Competition Commission of India (CCI) has approved the indirect acquisition of Arjas Steel Private Limited (ASPL) and its wholly owned subsidiary, Arjas Modern Steel Private Limited (AMSPL), by The Sandur Manganese…
Italy's Pittini Group has signed a contract with Danieli to upgrade its two-strand wire rod mill and add a new bar finishing facility at the Acciaieria di Verona plant. The upgrade will enable the production of bars…
Turkish steel manufacturer Kardemir has opened a new round of billet sales at higher prices, according to its latest price list. The company is offering S235JR grade billets at USD 540 per ton EXW and B420 grade billets…
Turkey's Tosyali Holdings has signed an agreement with the Libya United Steel Company for the Iron and Steel Industry (Sulb) to establish a Direct Reduced Iron (DRI) plant in Benghazi, Libya, according to a company…
Hi-Tech Pipes Ltd., a leading steel tubes and pipes manufacturer in India, has achieved its highest-ever sales volume in Q1FY25. The company reported a significant 45pct increase, reaching a total sales volume of…
Nippon Steel Corporation and Sumitomo Corporation have extended their long-term contract with Norwegian energy company Aker BP ASA for OCTG supply until 2034. Aker BP, established in 2016, is Europe's largest…
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