Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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3,186 news items in Steel Mills. Show all
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…
Tokyo Steel Manufacturing has announced impressive financial results for the first quarter and has revised its full-year profit forecast upwards. The company reported a 30pct YoY increase in net profit, reaching JPY…
Tenaris’s mill in Veracruz, Mexico, has taken a significant step forward to contribute to the company’s 2030 decarbonization plan with the integration of a smart furnace model that uses predictive tools to analyze the…
ArcelorMittal Europe - Flat Products and Tier 1 automotive supplier Gestamp have signed a ‘circularity agreement’ aimed at strengthening environmental sustainability throughout the industrial supply chain. The agreement…
Turkish steel producer MMK Metalurji faced a significant slump in steel output in the first half of 2023 due to the closure of one of its plants following an earthquake in Southern Turkey and weak demand. Part of…
Omani steel producer, Al Jazeera Steel Products Co. SAOG, reported a 28 pct YoY drop in its net profit in the first half of 2023, according to its unaudited financial statement. In H1 2023, the company's net profit…
Yantai Walsin Stainless Steel Co., Ltd., based in China, has achieved a significant milestone by successfully rolling the first bar on its new Kocks Reducing & Sizing Block (RSB) 370++/4. This cutting-edge sizing block…
Steel Dynamics Inc. released its second-quarter 2023 financial results, reporting net sales of USD 5.1 billion and net income of USD 812 mln for the quarter. Compared to the preceding first quarter of 2023, net income…
Industrial engineering firm, Sarralle, in collaboration with Nippon Gases, is taking significant strides towards aiding companies in their decarbonization and sustainability efforts. To this end, they have equipped…
Danieli has received an order from Stahl Gerlafingen to supply and install a K-Weld machine at its plant in Switzerland. The new Danieli billet welding machine will be seamlessly integrated with the new reheating…
Turkish steel producer, Kardemir has announced new rebar prices, according to its latest price list. The company has implemented a price reduction for rebar sizes ranging from 12-32 mm, setting the new rate at TRY…
Conares, the UAE's second-largest private steel manufacturer, has recently forged a significant partnership with C&D, a Fortune Global 500 company specializing in supply chain operation services and real estate…
Emirates Steel Arkan, AD Ports Group, Itochu Corporation, and JFE Steel have inked a non-binding Memorandum of Understanding (MoU) to collaborate on the development of an integrated low-carbon iron supply chain complex…
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