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
Tata Steel IJmuiden and Wuppermann Staal have reaffirmed their dedication to European customers by renewing their supply and tolling agreements. The focus of these agreements remains on delivering galvanized hot-rolled…
Danieli has been chosen by Marcegaglia Steel to undertake a new upgrading project at the Palini & Bertoli plate mill plant in San Giorgio di Nogaro, Italy. The primary objective of this modernization project is to…
Turkish exports of coated coil in widths of 600 mm and above in the first five months of 2023 fell 50pct YoY to 342,500 tons, hit by antidumping duties imposed by the European Commission and low demand in most main…
Turkish steel producer, Kocaer Celik has successfully secured steel profile orders amounting to USD 14.7 mln from the American continent, the company said in a stock exchange filing. The newly received orders…
India’s ArcelorMittal Nippon Steel (AM/NS India), has entered into an agreement with Danieli Corus for the supply of three sublance-based BOF process control systems. These systems will be installed in the three 350-ton…
Sarralle India has been chosen by Jindal Steel & Power (JSPL) to provide comprehensive services for the 250-ton RH degasser at their Angul site in Odisha, India. The project entails design and engineering…
ArcelorMittal, the world's leading integrated steel and mining company, reported its financial results for Q2 and H1 2023, revealing a significant decline in core profit (EBITDA). The company's Q2 2023 EBITDA reached…
According to the latest data from the World Steel Association, the Middle East witnessed a 3pct growth in crude steel production during the first half of 2023, reaching a total of 23 mln tons compared to the same period…
Hyundai Steel Co., South Korea's No. 2 steelmaker, said its second-quarter earnings tumbled more than 48 pct on-year on sluggish sales. Consolidated net profit came to KRW 293.5 bln (USD 230 mln) in the April-June…
Nucor-Yamato Steel, based in Blytheville, Arkansas, has selected Danieli Centro Combustion to provide an advanced walking-beam furnace for its beam mill. This cutting-edge solution includes automation and material…
Vallourec has won two major orders to supply line pipes for phases 6 and 8 of the Buzios oil field development operated by Petrobras. These orders are in addition to the contract previously won for phase 7, representing…
Refractory producer, RHI Magnesita reported a revenue of EUR 1.73 bln (USD 1.91 bln) for the six months ending on June 30, marking a notable 9pct increase compared to the same period in 2022. This growth was primarily…
According to Acerinox's financial statement, the Spanish steelmaker experienced a significant decline in profits during both Q2 and H1 of 2023. In Q2 2023, the company's net profit dropped by 59pct YoY, amounting to EUR…
Khalifa Economic Zones Abu Dhabi (KEZAD) Group and Al Jazeera Steel Products have begun the construction of a new rolling mill in Abu Dhabi, with an investment of AED 250 million (USD 68 mln). Spanning an expansive area…
Chinese steel producer Xingtai Iron & Steel Co. Ltd. has signed a significant contract with Friedrich Kocks GmbH & Co. KG for the installation of an advanced RSB 370++/4 Reducing & Sizing Block in 5.0 design. This…
Tata Steel reported a significant decline in consolidated net profit for the April-June quarter of FY 2023-24, with profits falling by over 93pct to INR 524.85 crores (USD 64 mln). The company attributed the decline in…
MMK-Coal (part of PJSC Magnitogorsk Iron and Steel Works Group) has completed the acquisition of Tikhov Mine, located in the Leninsk-Kuznetsk district of the Kemerovo Region, from PJSC Koks (part of the IMH Group)…
The European Commission recently approved a handful of measures to support decarbonizing steel production processes in France and Germany. One approval is a nearly USD 942 mln French measure to support ArcelorMittal…
UAE’s Emirates Steel Arkan (ESA) has announced that it will keep rebar prices unchanged for August production. The company will continue offering rebar at AED 2,450 (USD 667) per ton CPT Abu Dhabi and AED 2,458 (USD…
Major Indian steel producer, JSW Steel Limited, has announced its financial results for the first quarter of fiscal year 2024, ending on June 30, 2023. The company reported a substantial YoY increase in revenue…
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