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
Bangladesh's production of crude steel has experienced a significant decline, reaching a three-year low of 5.2 mln tons. This situation is indicative of reduced demand for primary construction materials due to decreased…
The Voestalpine Group’s Metal Forming Division, a leading supplier of innovative vehicle restraint systems based in Krems, Austria, is making Europe’s roads safer. In the largest individual project in its road safety…
Turkish steel producer, Kardemir has reduced billet and wire rod prices, according to its latest price list. The company’s S235JR grade billet is now offered at USD 525 per ton EXW, a decrease from the previous rate of…
Vulcan International Holding Company, a wholly owned entity of India's Jindal Group, is spearheading a series of steel projects in Oman, with a notable focus on a groundbreaking green steel complex in Duqm. The holding…
NLMK Clabecq collaborated with Danieli to undertake an upgrade aimed at solidifying its prominent role in the thin-gauge steel market. The objective was to deliver top-notch surface quality, flatness, and dimensional…
Hungary's Economic Development Ministry announced that Liberty Steel has emerged as the successful bidder to acquire the assets of Dunaferr, a Hungarian steelmaker currently undergoing liquidation. Liberty Steel offered…
Mekhano-Remontny Kompleks (MRK, a leading equipment manufacturer that is part of MMK Group) plans to build a state-of-the-art, import-substituting production facility to manufacture forged working rolls for cold-rolling…
East Pipes Integrated Company for Industry signed a Shariah-compliant credit facility agreement worth SAR 1.1 bln (USD 293 mln) with Banque Saudi Fransi, according to a statement to Tadawul. The agreement is valid for…
Japanese metals giant Nippon Steel has developed a new type of stainless steel designed to better withstand contact with liquefied hydrogen, with an eye on the growing market for hydrogen refueling stations in Japan…
Hyundai Steel Co., a unit under South Korean auto giant Hyundai Motor Group, is set to kick off research on hydrogen-based steelmaking as its new lab will open by the end of this year in Dangjin Integrated Steelworks…
Cenergy Holdings, a Belgian holding company focused on the growing global demand of energy transfer, renewables, and data transmission, has announced that its steel pipes segment, Corinth Pipeworks, has been awarded a…
According to the latest statistics released by World Stainless Association (Worldstainless), stainless steel melt shop production decreased by 5 pct YoY to 13.66 mln tons in the first quarter of 2023. The stainless…
Pakistan's flat steel manufacturers, International Steels Limited (ISL) and Aisha Steel, have announced a price reduction for CRC and galvanized coil for the domestic market. This marks the first adjustment in prices…
Pakistan’s rebar producer, Dost Steels Limited (DCL) faces continued closure of operations amid pending litigation, according to the company's progress report. Despite management's efforts to find a resolution and…
SteelAsia Manufacturing Corp., the largest steel manufacturer in the Philippines, announced that it has successfully exported more than 36,000 tons of rebars to Canada. The Chairman and CEO of SteelAsia, Benjamin Yao…
Blastr Green Steel has signed a Letter of Intent (LOI) with Redcar Bulk Terminal (RBT) at Teesside, United Kingdom, to explore the opportunity for RBT becoming the location for Blastr´s pellet plant for supplying…
Tenaris, a leading global manufacturer and supplier of steel pipes for the energy industry, has made a strategic investment of USD 10 mln to acquire the oil and gas division of Isoplus. Isoplus is a renowned producer of…
Ferrexpo Plc, an iron ore pellet producer, announced an 18pct QoQ increase in production during Q2, despite the ongoing conflict in Ukraine and related energy and logistics challenges. The company successfully operated…
Turkey's major steel producer, Kardemir has lowered steel sections prices, according to the company's new price list. The company's new price range for IPE-NPU (160-550 mm) is USD 750-900 per ton EXW, which is lower…
Egyptian steel producer, Ezz Steel, faced a net loss in Q1 2023 as profitability was impacted by sharp currency depreciation. According to the company's financial statement, they posted a net loss of EGP 2.489 bln in Q1…
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