Omani steel producer, Al Jazeera Steel Products Co. SAOG's Board of Directors have appointed new member, according to a notice. The board has approved the temporary appointment of Mr. Shihab Salim Al-Barwani, who will…
South Korean Posco Group saw its second-quarter operating profit plunge by more than 38 pc amid steel oversupply due to the sluggish property market in China. Posco Holdings Inc. disclosed that its preliminary operating…
Commercial Metals Company (CMC) has received approval from the West Virginia Department of Environmental Protection to proceed with the construction of its micro mill. With the necessary permit secured and land…
Primetals Technologies has implemented an upgrade of the LD converter (BOF) process optimization system at Salzgitter Flachstahl in Salzgitter, Germany. The new Slag Expert model has optimized the use of lime, improved…
Italy’s Marcegaglia's Ravenna plant has witnessed remarkable results with SmartLine, an automatic strip processing line control system based on predictive modeling. Developed by Fives, an international industrial…
Jindal Group and Vulcan Investments, an industrial conglomerate based in Oman, successfully completed the acquisition of Sohar Steel after an extensive and notable three-year hiatus. This achievement serves as a pivotal…
Rama Steel Tubes (RSTL), a prominent steel pipe and tube manufacturer in India, has announced the signing of a strategic Memorandum of Understanding (MoU) with JSW Steel Group. This collaborative agreement aims to…
Vardhman Special Steels Ltd., a leading Indian steel producer, has entered into a contract with rolling mill equipment supplier Friedrich Kocks GmbH & Co. KG. The agreement entails the supply of a Reducing & Sizing…
Turkish steel producer, Kardemir, has released its sales allocation plan for July to September 2023. The company has decreased sales allocation for all products except wire rod as compared to the previous quarter. As…
Huaigang Special Steel has chosen Danieli Industrial Automation's China-based branch for a comprehensive upgrade of their bar mill's automation and drives control system, which was originally supplied by Danieli in…
China's crude steel output saw a 1.1pct increase in June compared to May and a 0.4pct increase from the previous year, according to the National Bureau of Statistics (NBS). China manufactured 91.11 mln tons of steel…
Kardemir's subsidiary, Dokum Makina Sanayi ve Ticaret (Kardokmak), has officially launched its USD 5 mln forged steel plant. According to local news reports, following the arrival of all the necessary equipment at the…
Fives has signed a contract with Husteel to design and supply a complete solution to manufacture oil country tubular goods for its new plant in the USA. Husteel, part of South Korea’s Shinan Group, is a leading welded…
Commercial Metals Company (CMC) announced the purchase of EDSCO Fasteners LLC, a leading provider of anchoring solutions for the electrical transmission market, from MiddleGround Capital. EDSCO's custom engineered line…
Kirchhoff Automotive, a renowned manufacturer of safety-focused structural components for the global automotive industry, has partnered with Swedish steel producer, SSAB to achieve a significant 40pct reduction in their…
ArcelorMittal, the world's top steel and mining company, has introduced a groundbreaking line of steel tubes with significantly reduced carbon emissions. These innovative tubes, made from XCarb recycled and renewable…
Turkey's major steel producer, Kardemir has decreased steel sections prices, according to the company's new price list. The company's latest price range for IPE-NPU (160-550 mm) now stands at USD 700-820 per ton EXW…
Emirates Steel Arkan, a leading publicly traded manufacturer of steel and building materials in the region, and Al Jazeera Steel Product Company, a major steel producer in Oman, have signed a Memorandum of Understanding…
ATS Mechatronics, an Italian equipment supplier, has successfully completed the installation of TMB 400-45 tying machines at Al Jazeera Steel facility in Oman. These two automatic tying machines will be integrated into…
Egypt’s Al Ezz Dekheila Steel (EZDK) has secured a loan of USD 125 mln from Emirates NBD in order to finance the acquisition of the government's stake in the company, according to the local media reports. The loan will…